Time Warner Cable Inc (TWC) : Albion Financial Group Ut reduced its stake in Time Warner Cable Inc by 33.33% during the most recent quarter end. The investment management company now holds a total of 1,400 shares of Time Warner Cable Inc which is valued at $282,030 after selling 700 shares in Time Warner Cable Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Time Warner Cable Inc makes up approximately 0.05% of Albion Financial Group Ut’s portfolio.
Time Warner Cable Inc closed down -1.65 points or -0.78% at $209.19 with 27,25,827 shares getting traded on Wednesday. Post opening the session at $210.88, the shares hit an intraday low of $208.91 and an intraday high of $211.62 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Taylor Wealth Management Partners sold out all of its stake in TWC during the most recent quarter. The investment firm sold 5 shares of TWC which is valued $1,027.Creative Planning reduced its stake in TWC by selling 422 shares or 4.78% in the most recent quarter. The Hedge Fund company now holds 8,400 shares of TWC which is valued at $1,701,336. Time Warner Cable Inc makes up approx 0.01% of Creative Planning’s portfolio.
On the company’s financial health, Time Warner Cable Inc reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.78. The company had revenue of $6072.00 million for the quarter, compared to analysts expectations of $6046.37 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 EPS.
Many Wall Street Analysts have commented on Time Warner Cable Inc. Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Sector Perform” and Lowered the Price Target to $ 190 from a previous price target of $204 .
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.