Economy

AT&T extends Time Warner merger deadline

AT&T extends Time Warner merger deadline”

Archford Capital Strategies Llc increased Time Warner Inc New Com New (TWX) stake by 1099.56% reported in 2017Q2 SEC filing. Fir Tree Inc acquired 387,177 shares as Time Warner Inc (TWX)'s stock rose 1.19%. The Moab Capital Partners Llc holds 81,369 shares with $8.17M value, up from 46,269 last quarter.

As cord cutting and other pressures continue to take a bite out of traditional pay-TV services, AT&T seems to see Time Warner and their catalog of shows, movies, and networks as a way to diversify its business. The stock declined 0.27% or $0.28 reaching $101.07 on the news. 1,792,029 shares of the company traded hands. It has outperformed by 19.67% the S&P500. Time Warner Inc. has a 1-year low of $83.31 and a 1-year high of $103.90. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate's stock valued at $116,000 after purchasing an additional 44 shares in the last quarter. TWX's profit will be $1.24 billion for 15.93 P/E if the $1.59 EPS becomes a reality. CLSA downgraded the stock to "Buy" rating in Thursday, November 5 report. OZ Management LP now owns 6,243,467 shares of the media conglomerate's stock worth $610,049,000 after acquiring an additional 3,093,353 shares during the last quarter. Atalanta Sosnoff Limited Co reported 320,923 shares. Tripadvisor Inc (NASDAQ:TRIP) was raised too.

Time Warner Inc is a media and entertainment company. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Therefore 32% are positive. Silvercrest Asset Gru Ltd Liability has 0.01% invested in Time Warner Inc (NYSE:TWX) for 6,078 shares. Pivotal Research lowered Time Warner from a "buy" rating to a "hold" rating and upped their price objective for the stock from $94.00 to $107.50 in a research note on Monday, October 24th. About shares traded. Templeton Dragon Fund Inc (TDF) has risen 28.74% since October 24, 2016 and is uptrending. The stock of Time Warner Inc (NYSE:TWX) has "Sector Perform" rating given on Monday, October 24 by RBC Capital Markets. Credit Suisse downgraded the shares of TWX in report on Monday, October 24 to "Neutral" rating. The stock of Time Warner Inc (NYSE:TWX) earned " rating by Albert Fried on Thursday, January 21. As per Friday, September 11, the company rating was maintained by Macquarie Research. The firm has "Market Perform" rating by Wells Fargo given on Thursday, November 5. On Thursday, December 22 the stock rating was maintained by FBR Capital with "Outperform". Its down 0.12, from 1.35 in 2017Q1.

But it's not just buying activity that is creating investor interest in TWX; over the last several weeks, several insiders have sold shares. 73 funds opened positions while 283 raised stakes. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.14. It dived, as 23 investors sold MKSI shares while 97 reduced holdings. Amalgamated Bankshares has 87,222 shares. Regent Inv Mngmt Ltd Limited Liability Company holds 37,534 shares or 1.33% of its portfolio. Philadelphia Tru Company, a Pennsylvania-based fund reported 170,686 shares. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/24/time-warner-inc-twx-earns-hold-rating-from-cowen-and-company.html.

Shares of Time Warner Inc. Croft reported 0.06% stake. Pub Employees Retirement Of Ohio reported 0% stake. Raymond James Advisors stated it has 0.29% of its portfolio in Time Warner Inc (NYSE:TWX). Bellwether Investment Group LLC boosted its stake in shares of Time Warner by 15.6% in the 1st quarter. Quantbot Techs Lp holds 0% or 385 shares in its portfolio. $25,416 worth of Time Warner Inc (NYSE:TWX) shares were bought by Averill Howard M.



Like this

loading...
loading...

Latest


24 October 2017
No bail for Unitech's Sanjay Chandra sans Rs1,000 cr deposit: SC
They were sent in judicial custody after the trial court refused to extend the three- month interim bail granted to them in April. Aggarwal told the Bench that several home buyers had not provided details whether they want refund or possession of flats.

24 October 2017
Investors Buy MGM Resorts International (MGM) on Weakness
After $0.31 actual EPS reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth. In other news, CEO James Murren sold 259,760 shares of the business's stock in a transaction dated Thursday, September 7th.

24 October 2017
Gilead Sciences, Inc. (NASDAQ: GILD)
American Beacon Advisors Inc. bought a new position in shares of Gilead Sciences in the first quarter valued at about $143,000. Gemmer Asset Ltd Llc stated it has 0.03% of its portfolio in Gilead Sciences, Inc . (NASDAQ: GILD ) rating on Tuesday, May 30.

24 October 2017
Buys 2335 Shares of Cabot Oil & Gas Corporation (COG)
The stock of Cabot Oil & Gas Corporation (NYSE: COG ) has "Underperform" rating given on Wednesday, January 4 by Bank of America. Washington Trust Bancshares reported 0.69% of its portfolio in Applied Materials, Inc. (NYSE:STI) for 119,927 shares.

24 October 2017
Wild winger Zach Parise has back surgery
The Wild announced Tuesday that Parise underwent a microdisectomy procedure, which is created to fix a herniated disc. Minnesota Wild forward Zach Parise is contemplating back surgery according to Michael Russo of The Athletic .

24 October 2017
Sears to stop selling Whirlpool appliances
Though the deal could lift sales of Kenmore products, it could further diminish Sears' ability to bring in customers. Sears says price disputes and a changing market is the reason for the change. "It's not a whole lot", Bitzer said.

24 October 2017
Here's how Saaho actor Prabhas celebrated his birthday
After enthralling the audience in the " Baahubali " series, Prabhas is now working on the super mysterious project " Saaho ". The movie is directed by Sujeeth and features Shraddha Kapoor opposite Prabhas marking her first debut in Tollywood.

24 October 2017
Lockheed Martin Corporation (NASDAQ:LMT) To Report Earnings
Farr Miller & Washington Limited Dc holds 0.03% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 1,058 shares. It is positive, as 37 investors sold LMT shares while 393 reduced holdings. 1,238,958 shares of the company were exchanged.

24 October 2017
Notre Dame destroys USC and likely the Trojans' playoff hopes
The pendulum needs to start swinging back Notre Dame's way (although it doesn't have to be close tonight). This is the first year both are ranked since 2009 when No. 6 USC won at No. 25 Notre Dame (34-27).

24 October 2017
Danny Rose set to start as Mauricio Pochettino rests players vs
It depends on his evolution. 'We have to assess him every day, see how he is feeling and then decide when he is ready. But Erik Lamela , who has been sidelined for the past year with a hip problem, is not yet ready to return to action.