Time Warner (TWX) Reaches $87.12 Yearly Low; Medicinova (MNOV) Shorts Up By 16.67%

November 15, 2017 - By Nellie Frank

The stock of Time Warner Inc (NYSE:TWX) hit a new 52-week low and has $79.28 target or 9.00% below today’s $87.12 share price. The 6 months bearish chart indicates high risk for the $67.83 billion company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $79.28 price target is reached, the company will be worth $6.10B less. About 4.14M shares traded. Time Warner Inc (NYSE:TWX) has risen 36.37% since November 15, 2016 and is uptrending. It has outperformed by 19.67% the S&P500.

Medicinova Incorporated (NASDAQ:MNOV) had an increase of 16.67% in short interest. MNOV’s SI was 2.38M shares in November as released by FINRA. Its up 16.67% from 2.04M shares previously. With 311,700 avg volume, 8 days are for Medicinova Incorporated (NASDAQ:MNOV)’s short sellers to cover MNOV’s short positions. The SI to Medicinova Incorporated’s float is 7.95%. About 13,791 shares traded. MediciNova, Inc. (NASDAQ:MNOV) has declined 6.61% since November 15, 2016 and is downtrending. It has underperformed by 23.31% the S&P500.

Medicinova, Inc. is a biopharmaceutical company. The company has market cap of $215.88 million. The Firm focuses on acquiring and developing small molecule therapeutics for the treatment of diseases with unmet medical needs and a commercial focus on the United States market. It currently has negative earnings. The Company’s pipeline includes MN-166 , MN-001 (tipelukast), MN-221 (bedoradrine) and MN-029 (denibulin).

Investors sentiment increased to 1.46 in 2017 Q2. Its up 0.72, from 0.74 in 2017Q1. It is positive, as 2 investors sold MediciNova, Inc. shares while 11 reduced holdings. 4 funds opened positions while 15 raised stakes. 7.81 million shares or 3.03% more from 7.58 million shares in 2017Q1 were reported. Renaissance Tech Ltd Limited Liability Company owns 11,000 shares for 0% of their portfolio. Royal Bancorporation Of Canada stated it has 0% in MediciNova, Inc. (NASDAQ:MNOV). Bank & Trust Of America De holds 6,459 shares. State Board Of Administration Of Florida Retirement System has 10,011 shares. Tiaa Cref Invest Limited Company reported 0% in MediciNova, Inc. (NASDAQ:MNOV). Manufacturers Life The accumulated 1,135 shares. Rhumbline Advisers owns 36,273 shares. New York State Common Retirement Fund accumulated 19,342 shares. State Street has invested 0% of its portfolio in MediciNova, Inc. (NASDAQ:MNOV). Schwab Charles Inv holds 0% or 46,400 shares. Guggenheim Cap Limited Liability Company owns 10,241 shares or 0% of their US portfolio. 19,951 were accumulated by Wells Fargo Communication Mn. Northern Trust accumulated 368,599 shares. Financial Bank Of New York Mellon Corp invested 0% of its portfolio in MediciNova, Inc. (NASDAQ:MNOV). International Gru holds 20,301 shares.

Since June 15, 2017, it had 1 buy, and 0 selling transactions for $25,416 activity. 255 shares valued at $25,416 were bought by Averill Howard M on Thursday, June 15.

Investors sentiment increased to 0.85 in 2017 Q2. Its up 0.10, from 0.75 in 2017Q1. It is positive, as 41 investors sold Time Warner Inc shares while 376 reduced holdings. 73 funds opened positions while 283 raised stakes. 600.08 million shares or 1.15% less from 607.09 million shares in 2017Q1 were reported. 2,980 were accumulated by Sigma Planning. Beach Investment Counsel Inc Pa has 0.4% invested in Time Warner Inc (NYSE:TWX). Fort Lp invested in 6,916 shares or 0.17% of the stock. Putnam Invs Ltd Liability invested in 15,136 shares or 0% of the stock. Equitec Proprietary Markets Ltd Limited Liability Company stated it has 0.47% of its portfolio in Time Warner Inc (NYSE:TWX). Peoples Fincl Services stated it has 0.03% of its portfolio in Time Warner Inc (NYSE:TWX). Alpine Assoc Mngmt invested in 2.44 million shares. 260,400 were reported by Arrowstreet Partnership. Barrett Asset Management Limited stated it has 148,860 shares or 1.13% of all its holdings. 1.24M were reported by Grantham Mayo Van Otterloo & Ltd Liability Company. Ghp Advsr has 0.45% invested in Time Warner Inc (NYSE:TWX) for 28,387 shares. Pictet Asset has invested 0.17% in Time Warner Inc (NYSE:TWX). 5,335 were accumulated by First Allied Advisory Svcs Inc. Peak6 Invs Lp holds 0% or 7,196 shares. Indexiq Advisors Ltd Liability Com holds 0.92% in Time Warner Inc (NYSE:TWX) or 190,987 shares.

Time Warner Inc. is a media and entertainment company. The company has market cap of $67.83 billion. The Firm operates through three divisions: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution. It has a 16.57 P/E ratio. It also holds interests in companies that operate broadcast networks.

Analysts await Time Warner Inc (NYSE:TWX) to report earnings on February, 14. They expect $1.46 EPS, up 16.80% or $0.21 from last year’s $1.25 per share. TWX’s profit will be $1.14 billion for 14.92 P/E if the $1.46 EPS becomes a reality. After $1.82 actual EPS reported by Time Warner Inc for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Among 39 analysts covering Time Warner Inc. (NYSE:TWX), 14 have Buy rating, 0 Sell and 25 Hold. Therefore 36% are positive. Time Warner Inc. had 110 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse on Monday, October 24 to “Neutral”. Wedbush downgraded Time Warner Inc (NYSE:TWX) on Monday, October 17 to “Neutral” rating. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 15. Barclays Capital maintained it with “Equal-Weight” rating and $80 target in Friday, November 13 report. On Monday, October 24 the stock rating was downgraded by Moffett Nathanson to “Neutral”. The company was maintained on Monday, June 12 by RBC Capital Markets. Moffett Nathanson upgraded the shares of TWX in report on Thursday, November 17 to “Buy” rating. FBR Capital upgraded Time Warner Inc (NYSE:TWX) rating on Monday, October 31. FBR Capital has “Outperform” rating and $104 target. The stock of Time Warner Inc (NYSE:TWX) earned “Hold” rating by BMO Capital Markets on Thursday, July 13. The rating was downgraded by Bernstein to “Market Perform” on Thursday, August 20.

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