Quantitative Investment Management buys $21,955,480 stake in Time Warner Cable Inc (TWC)

Time Warner Cable Inc (TWC) : Quantitative Investment Management scooped up 77,300 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 2, 2016. The investment management firm now holds a total of 103,000 shares of Time Warner Cable Inc which is valued at $21,955,480.Time Warner Cable Inc makes up approximately 1.04% of Quantitative Investment Management’s portfolio.

Time Warner Cable Inc opened for trading at $211.85 and hit $213.2 on the upside on Friday, eventually ending the session at $213.16, with a gain of 0.30% or 0.64 points. The heightened volatility saw the trading volume jump to 27,81,344 shares. Company has a market cap of $60,687 M.

Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in TWC by selling 41 shares or 4.87% in the most recent quarter. The Hedge Fund company now holds 801 shares of TWC which is valued at $170,741. Time Warner Cable Inc makes up approx 0.01% of Evercore Wealth Management’s portfolio. Efficient Market Advisors sold out all of its stake in TWC during the most recent quarter. The investment firm sold 12 shares of TWC which is valued $2,545.First Manhattan Co reduced its stake in TWC by selling 547 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 24,936 shares of TWC which is valued at $5,023,357. Time Warner Cable Inc makes up approx 0.03% of First Manhattan Co’s portfolio.Boston Advisors reduced its stake in TWC by selling 392 shares or 13.43% in the most recent quarter. The Hedge Fund company now holds 2,527 shares of TWC which is valued at $509,064. Time Warner Cable Inc makes up approx 0.01% of Boston Advisors’s portfolio.

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 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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