Time Warner Cable Inc (TWC) Position Boosted by Natixis

Natixis raised its stake in shares of Time Warner Cable Inc (NYSE:TWC) by 429.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,904,266 shares of the cable operator’s stock after buying an additional 1,544,719 shares during the period. Time Warner Cable accounts for about 6.5% of Natixis’ portfolio, making the stock its 3rd largest position. Natixis owned about 0.67% of Time Warner Cable worth $389,651,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TWC. CIBC World Markets Inc. acquired a new position in Time Warner Cable during the first quarter valued at about $269,000. Nikko Asset Management Americas Inc. acquired a new position in Time Warner Cable during the first quarter valued at about $329,000. Meiji Yasuda Asset Management Co Ltd. increased its position in Time Warner Cable by 7.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,645 shares of the cable operator’s stock valued at $337,000 after buying an additional 120 shares during the last quarter. FDO Partners LLC acquired a new position in Time Warner Cable during the first quarter valued at about $370,000. Finally, Reynolds Capital Management LLC acquired a new position in Time Warner Cable during the first quarter valued at about $389,000.

Time Warner Cable Inc (NYSE:TWC) opened at 209.56 on Thursday. The stock’s 50 day moving average is $208.28 and its 200-day moving average is $192.56. Time Warner Cable Inc has a one year low of $162.33 and a one year high of $217.91.

Time Warner Cable (NYSE:TWC) last announced its quarterly earnings data on Thursday, April 28th. The cable operator reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.04. The business earned $6.19 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Time Warner Cable’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company posted $1.65 EPS. On average, equities research analysts expect that Time Warner Cable Inc will post $7.50 EPS for the current fiscal year.

Several research firms have recently issued reports on TWC. Zacks Investment Research raised shares of Time Warner Cable from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Buckingham Research reissued a “hold” rating and set a $219.00 target price (up previously from $187.00) on shares of Time Warner Cable in a research note on Saturday, March 19th. Wunderlich reissued a “hold” rating and set a $237.00 target price (up previously from $219.00) on shares of Time Warner Cable in a research note on Monday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Time Warner Cable in a research note on Monday, April 11th. Finally, Deutsche Bank AG lifted their target price on shares of Time Warner Cable from $224.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 12th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $214.24.

Read full story at http://www.thecerbatgem.com/time-warner-cable-inc-twc-position-boosted-by-natixis/

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