Economy

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.



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