Newbrook Capital Advisors Lp buys $52.2 Million stake in Time Warner Cable Inc (TWC)

Time Warner Cable Inc (TWC) : Newbrook Capital Advisors Lp scooped up 14,071 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 13, 2016. The investment management firm now holds a total of 242,193 shares of Time Warner Cable Inc which is valued at $52.2 Million.Time Warner Cable Inc makes up approximately 7.19% of Newbrook Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Navellier Associates Inc added TWC to its portfolio by purchasing 3,844 company shares during the most recent quarter which is valued at $828,420. Time Warner Cable Inc makes up approx 0.11% of Navellier Associates Inc’s portfolio. Hap Trading sold out all of its stake in TWC during the most recent quarter. The investment firm sold 25,154 shares of TWC which is valued $5.4 Million.Artemis Investment Management Llp reduced its stake in TWC by selling 27,908 shares or 23.37% in the most recent quarter. The Hedge Fund company now holds 91,527 shares of TWC which is valued at $19.7 Million. Time Warner Cable Inc makes up approx 0.49% of Artemis Investment Management Llp’s portfolio.Johnson Financial Group reduced its stake in TWC by selling 440 shares or 11.81% in the most recent quarter. The Hedge Fund company now holds 3,285 shares of TWC which is valued at $707,950. Time Warner Cable Inc makes up approx 0.14% of Johnson Financial Group’s portfolio.Neuberger Berman Group reduced its stake in TWC by selling 248 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 24,286 shares of TWC which is valued at $5.2 Million. Time Warner Cable Inc makes up approx 0.01% of Neuberger Berman Group’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.

Read full story at http://www.themarketdigest.org/201605/newbrook-capital-advisors-lp-buys-52-2-million-stake-in-time-warner-cable-inc-twc/368545/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s