Short Interest Watching: Time to Reconsider Time Warner Incorporated (NYSE:TWX) After More Short Sellers?

November 17, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Watching: Time to Reconsider Time Warner Incorporated (NYSE:TWX) After More Short Sellers?

The stock of Time Warner Incorporated (NYSE:TWX) registered an increase of 11.48% in short interest. TWX’s total short interest was 11.61 million shares in November as published by FINRA. Its up 11.48% from 10.41 million shares, reported previously. With 3.53M shares average volume, it will take short sellers 3 days to cover their TWX’s short positions. The short interest to Time Warner Incorporated’s float is 1.49%. About 4.26M shares traded hands. Time Warner Inc (NYSE:TWX) has risen 19.40% since April 15, 2016 and is uptrending. It has outperformed by 14.77% the S&P500.

Time Warner Inc. is a media and entertainment company. The company has a market cap of $71.52 billion. The Firm operates through three divisions: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution. It has a 16.11 P/E ratio. The Firm also holds interests in companies that operate broadcast networks.

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.40, from 1.33 in 2016Q1. The ratio fall, as 65 funds sold all Time Warner Inc shares owned while 334 reduced positions. 66 funds bought stakes while 305 increased positions. They now own 614.82 million shares or 5.49% less from 650.52 million shares in 2016Q1.
New Mexico Educational Retirement Board has invested 0.3% of its portfolio in Time Warner Inc (NYSE:TWX). Geneva Advisors Limited Liability Company holds 0.71% of its portfolio in Time Warner Inc (NYSE:TWX) for 485,837 shares. Atria Investments Lc reported 11,838 shares or 0.1% of all its holdings. General Electr, a Connecticut-based fund reported 2.18M shares. Karpas Strategies Limited Liability Co reported 4,254 shares or 0.16% of all its holdings. Fuller & Thaler Asset Mngmt Incorporated holds 0.01% or 5,000 shares in its portfolio. Brahman Capital holds 5.74% or 2.37 million shares in its portfolio. Covington Capital Mgmt reported 104,327 shares or 0.71% of all its holdings. The California-based Savings Bank Of The West has invested 0.59% in Time Warner Inc (NYSE:TWX). Wfg Advsr Limited Partnership has invested 0.01% of its portfolio in Time Warner Inc (NYSE:TWX). Thompson Siegel And Walmsley Ltd Llc, a Virginia-based fund reported 1,636 shares. Peoples Svcs Corp holds 482 shares or 0.02% of its portfolio. Asset Management has 0.05% invested in the company for 3,522 shares. Pioneer Invest accumulated 4.28M shares or 1.14% of the stock. Markston International Llc accumulated 1.45% or 209,415 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 5 insider sales for $7.61 million net activity. The insider Magee Karen sold $1.14 million. On Friday, June 3 GINSBERG GARY L sold $227,370 worth of the stock or 3,000 shares. NOVACK KENNETH J had sold 15,706 shares worth $1.19M on Wednesday, June 8. CAPPUCCIO PAUL T sold $4.43 million worth of stock or 56,595 shares.

Time Warner Inc (NYSE:TWX) Ratings Coverage

Out of 30 analysts covering Time Warner Inc. (NYSE:TWX), 19 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 63% are positive. Time Warner Inc. has been the topic of 70 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Time Warner Inc (NYSE:TWX) has “Buy” rating given on Thursday, November 5 by CLSA. The rating was downgraded by Bank of America to “Neutral” on Thursday, November 5. Macquarie Research maintained the shares of TWX in a report on Friday, September 11 with “Outperform” rating. On Monday, October 24 the stock rating was downgraded by Macquarie Research to “Neutral”. Atlantic Securities downgraded the shares of TWX in a report on Monday, October 24 to “Neutral” rating. Moffett Nathanson downgraded the shares of TWX in a report on Monday, October 24 to “Neutral” rating. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, October 13. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 5. The firm earned “” rating on Friday, August 7 by Moffett Nathanson. On Friday, February 12 the stock rating was maintained by Wedbush with “Outperform”.

TWX Company Profile

Time Warner Inc. (Time Warner), February 4, 2000, is a media and entertainment company. The Firm operates in three reporting divisions: Networks, Film and TV Entertainment and Publishing. Networks consist of television networks and premium pay and basic tier television services and digital media properties. Film and TV Entertainment consists of feature film, television, home video and videogame production and distribution. Publishing consists of magazine publishing. In August 2012, Turner Broadcasting System, Inc. acquired Bleacher Report.

More notable recent Time Warner Inc (NYSE:TWX) news were published by: Latimes.com which released: “In yet another giant media merger, AT&T may be trying to buy Time Warner Inc.” on October 20, 2016, also Chicagotribune.com with their article: “Satellite dishes that power Time Warner imperil merger with AT&T” published on November 17, 2016, Profitconfidential.com published: “Time Warner Inc: Why TWX Stock Is on Fire” on October 24, 2016. More interesting news about Time Warner Inc (NYSE:TWX) were released by: Fool.com and their article: “AT&T Inc Shows Huge Appetite for Acquisitions With $85 Billion Buyout of Time …” published on November 01, 2016 as well as Latimes.com‘s news article titled: “Trump’s victory could threaten AT&T’s purchase of Time Warner” with publication date: November 10, 2016.

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By Hazel Jackson


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