Tt International buys $13.1 Million stake in Time Warner Cable Inc (TWC)

Time Warner Cable Inc (TWC) : Tt International scooped up 29,000 additional shares in Time Warner Cable Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 61,000 shares of Time Warner Cable Inc which is valued at $13.1 Million.Time Warner Cable Inc makes up approximately 5.31% of Tt International’s portfolio.

Other Hedge Funds, Including , Bbva Compass Bancshares Inc reduced its stake in TWC by selling 6,244 shares or 25.67% in the most recent quarter. The Hedge Fund company now holds 18,082 shares of TWC which is valued at $3.9 Million. Time Warner Cable Inc makes up approx 0.29% of Bbva Compass Bancshares Inc’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in TWC in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 8,700 shares of Time Warner Cable Inc which is valued at $1.9 Million. Time Warner Cable Inc makes up approx 0.12% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Time Warner Cable Inc closed down -5.51 points or -2.56% at $210 with 1,18,76,087 shares getting traded on Monday. Post opening the session at $210.86, the shares hit an intraday low of $209.35 and an intraday high of $213.09 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Time Warner Cable Inc reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.76. The company had revenue of $6191.00 million for the quarter, compared to analysts expectations of $6144.90 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.

Many Wall Street Analysts have commented on Time Warner Cable Inc. Company shares were Reiterated by Deutsche Bank on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 240 from a previous price target of $224 .Company shares were Reiterated by Wunderlich on May 2, 2016 to “Hold”, Firm has raised the Price Target to $ 237 from a previous price target of $219 .

Time Warner Cable Inc. (TWC) is a provider of video high-speed data and voice services in the United States with clustered cable systems located in five geographic areas including New York State the Carolinas the Midwest Southern California and Texas. TWC operates in three segments: Residential Services Business Services and Other Operations. TWC offers video high-speed data and voice services as well as security and home management services to residential customers. Its video service provides over 300 channels including on average over 200 high-definition (HD) channels and 20000 video-on-demand (VOD) choices. It offers a variety of products and services to business customers including high-speed data networking voice video hosting and cloud computing services. Its Other Operations segment consists of Time Warner Cable Media (TWC Media) the advertising sales arm of TWC and its regional sports networks its local sports news and lifestyle channels and SportsNet LA.

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