Egerton Capital (uk) Llp Lowers stake in Time Warner Cable Inc (TWC)

Time Warner Cable Inc (TWC) : Egerton Capital (uk) Llp reduced its stake in Time Warner Cable Inc by 5.68% during the most recent quarter end. The investment management company now holds a total of 4,841,113 shares of Time Warner Cable Inc which is valued at $1,043.3 Million after selling 291,755 shares in Time Warner Cable Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Time Warner Cable Inc makes up approximately 9.91% of Egerton Capital (uk) Llp’s portfolio.

Other Hedge Funds, Including , True Private Wealth Advisors added TWC to its portfolio by purchasing 2,392 company shares during the most recent quarter which is valued at $515,500. Time Warner Cable Inc makes up approx 0.20% of True Private Wealth Advisors’s portfolio.First National Trust Co reduced its stake in TWC by selling 630 shares or 15.3% in the most recent quarter. The Hedge Fund company now holds 3,488 shares of TWC which is valued at $751,699. Time Warner Cable Inc makes up approx 0.12% of First National Trust Co’s portfolio.Teachers Advisors Inc boosted its stake in TWC in the latest quarter, The investment management firm added 27,057 additional shares and now holds a total of 423,409 shares of Time Warner Cable Inc which is valued at $90.3 Million. Time Warner Cable Inc makes up approx 0.16% of Teachers Advisors Inc’s portfolio.Nationwide Fund Advisors reduced its stake in TWC by selling 3,504 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 116,181 shares of TWC which is valued at $24.8 Million. Time Warner Cable Inc makes up approx 0.11% of Nationwide Fund Advisors’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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