Loeb Partners Corp buys $4,313,718 stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Loeb Partners Corp scooped up 5,000 additional shares in Time Warner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 55,050 shares of Time Warner Inc which is valued at $4,313,718.Time Warner Inc makes up approximately 1.40% of Loeb Partners Corp’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc reduced its stake in TWX by selling 637 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 21,894 shares of TWX which is valued at $1,715,614. Time Warner Inc makes up approx 0.03% of Rockefeller Financial Services Inc’s portfolio.Regentatlantic Capital reduced its stake in TWX by selling 3,299 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 135,189 shares of TWX which is valued at $10,525,816. Time Warner Inc makes up approx 0.99% of Regentatlantic Capital’s portfolio.Windward Capital Management Co Ca boosted its stake in TWX in the latest quarter, The investment management firm added 973 additional shares and now holds a total of 124,638 shares of Time Warner Inc which is valued at $9,710,547. Time Warner Inc makes up approx 1.82% of Windward Capital Management Co Ca’s portfolio.Gierl Augustine Investment Management Inc reduced its stake in TWX by selling 2,140 shares or 57.22% in the most recent quarter. The Hedge Fund company now holds 1,600 shares of TWX which is valued at $124,880. Time Warner Inc makes up approx 0.13% of Gierl Augustine Investment Management Inc’s portfolio.

Time Warner Inc closed down -0.22 points or -0.28% at $77.86 with 22,95,263 shares getting traded on Wednesday. Post opening the session at $78.4, the shares hit an intraday low of $77.72 and an intraday high of $78.4 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Time Warner Inc reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.29. The company had revenue of $7308.00 million for the quarter, compared to analysts expectations of $7294.27 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Read full story at http://www.tradecalls.org/2016/07/loeb-partners-corp-buys-4313718-stake-in-time-warner-inc-twx-345411/

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