Yakira Capital Management INC Lowered Time Warner INC (Call) (TWX) Stake as Valuation Rose

April 22, 2018 - By Adrian Erickson

Time Warner Inc. (NYSE:TWX) LogoInvestors sentiment increased to 0.91 in Q4 2017. Its up 0.15, from 0.76 in 2017Q3. It increased, as 64 investors sold TWX shares while 363 reduced holdings. 122 funds opened positions while 265 raised stakes. 598.25 million shares or 1.97% more from 586.69 million shares in 2017Q3 were reported. Whittier Tru owns 0.13% invested in Time Warner Inc. (NYSE:TWX) for 42,024 shares. Newtyn Management Limited Liability Corporation has 4.55% invested in Time Warner Inc. (NYSE:TWX) for 325,000 shares. Btc Mgmt invested 0.12% of its portfolio in Time Warner Inc. (NYSE:TWX). Jump Trading Ltd invested 0.03% of its portfolio in Time Warner Inc. (NYSE:TWX). Pacific Global Co stated it has 23,902 shares or 0.47% of all its holdings. Icon Advisers owns 7,600 shares or 0.05% of their US portfolio. Millennium Lc, New York-based fund reported 1.34M shares. Wealthfront holds 0.03% or 25,294 shares in its portfolio. Ibm Retirement Fund, New York-based fund reported 19,159 shares. Raymond James Fincl Service Advisors owns 474,370 shares for 0.27% of their portfolio. Welch Forbes Ltd Llc holds 0.11% of its portfolio in Time Warner Inc. (NYSE:TWX) for 44,736 shares. Johnson Fincl Grp Incorporated reported 3,716 shares. Bancshares Of Hawaii invested 0.08% in Time Warner Inc. (NYSE:TWX). The Tennessee-based State Of Tennessee Treasury Department has invested 0.2% in Time Warner Inc. (NYSE:TWX). Steinberg Global Asset Mgmt accumulated 0.06% or 4,233 shares.

Since December 14, 2017, it had 0 buys, and 3 insider sales for $2.88 million activity. WRIGHT DEBORAH C sold $376,219 worth of stock or 4,019 shares. 23,450 shares were sold by OLAFSSON OLAF, worth $2.11 million.

Yakira Capital Management Inc decreased its stake in Time Warner Inc (Call) (TWX) by 34.67% based on its latest 2017Q4 regulatory filing with the SEC. Yakira Capital Management Inc sold 106,146 shares as the company’s stock rose 1.97% while stock markets declined. The hedge fund held 200,000 shares of the television services company at the end of 2017Q4, valued at $18.29 million, down from 306,146 at the end of the previous reported quarter. Yakira Capital Management Inc who had been investing in Time Warner Inc (Call) for a number of months, seems to be less bullish one the $75.05 billion market cap company. The stock decreased 0.35% or $0.34 during the last trading session, reaching $96.24. About 5.88 million shares traded or 11.00% up from the average. Time Warner Inc. (NYSE:TWX) has declined 3.25% since April 22, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

Yakira Capital Management Inc, which manages about $188.00 million and $309.26M US Long portfolio, upped its stake in Reaves Util Income Fd (UTG) by 1.48 million shares to 1.49 million shares, valued at $46.14 million in 2017Q4, according to the filing.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on April, 26 before the open. They expect $1.76 earnings per share, up 6.02 % or $0.10 from last year’s $1.66 per share. TWX’s profit will be $1.37 billion for 13.67 P/E if the $1.76 EPS becomes a reality. After $1.60 actual earnings per share reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts 10.00 % EPS growth.

Time Warner Inc. (NYSE:TWX) Ratings Coverage

Among 17 analysts covering Time Warner Inc (NYSE:TWX), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Time Warner Inc had 23 analyst reports since October 27, 2017 according to SRatingsIntel. The firm has “Buy” rating by Moffett Nathanson given on Wednesday, January 31. The company was maintained on Friday, October 27 by Cowen & Co. Pivotal Research upgraded the shares of TWX in report on Tuesday, November 14 to “Buy” rating. The stock has “Hold” rating by Loop Capital on Thursday, November 9. Pivotal Research downgraded the shares of TWX in report on Tuesday, April 17 to “Hold” rating. Barclays Capital maintained it with “Overweight” rating and $101 target in Friday, February 2 report. BMO Capital Markets maintained Time Warner Inc. (NYSE:TWX) on Wednesday, November 22 with “Hold” rating. RBC Capital Markets maintained Time Warner Inc. (NYSE:TWX) on Thursday, February 1 with “Hold” rating. The stock has “Buy” rating by Guggenheim on Thursday, January 4. The firm has “Hold” rating by Wells Fargo given on Tuesday, November 21.

Time Warner Inc. (NYSE:TWX) Institutional Positions Chart

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