Time Warner Cable Inc (TWC) Shares Bought by York Capital Management Global Advisors LLC

York Capital Management Global Advisors LLC increased its stake in shares of Time Warner Cable Inc (NYSE:TWC) by 39.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,682,286 shares of the cable operator’s stock after buying an additional 479,021 shares during the period. Time Warner Cable makes up about 7.5% of York Capital Management Global Advisors LLC’s portfolio, making the stock its 3rd largest position. York Capital Management Global Advisors LLC owned 0.59% of Time Warner Cable worth $344,229,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TWC. Orbis Allan Gray Ltd bought a new position in shares of Time Warner Cable during the first quarter valued at approximately $494,395,000. Norges Bank acquired a new position in Time Warner Cable during the fourth quarter valued at about $407,998,000. Natixis increased its position in Time Warner Cable by 429.6% in the first quarter. Natixis now owns 1,904,266 shares of the cable operator’s stock valued at $389,651,000 after buying an additional 1,544,719 shares during the last quarter. Eton Park Capital Management L.P. acquired a new position in Time Warner Cable during the fourth quarter valued at about $285,047,000. Finally, Deutsche Bank AG increased its position in Time Warner Cable by 145.4% in the fourth quarter. Deutsche Bank AG now owns 1,727,484 shares of the cable operator’s stock valued at $320,600,000 after buying an additional 1,023,515 shares during the last quarter.

Time Warner Cable Inc (NYSE:TWC) opened at 209.56 on Thursday. Time Warner Cable Inc has a 1-year low of $162.33 and a 1-year high of $217.91. The firm has a 50 day moving average of $208.28 and a 200-day moving average of $192.56.

Time Warner Cable (NYSE:TWC) last announced its quarterly earnings data on Thursday, April 28th. The cable operator reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.04. During the same quarter in the previous year, the firm posted $1.65 earnings per share. The business earned $6.19 billion during the quarter, compared to the consensus estimate of $6.14 billion. The company’s revenue was up 7.2% compared to the same quarter last year. Analysts predict that Time Warner Cable Inc will post $7.50 EPS for the current fiscal year.

Several equities analysts have recently issued reports on TWC shares. Zacks Investment Research downgraded shares of Time Warner Cable from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner Cable in a research note on Monday, April 11th. Wunderlich reaffirmed a “hold” rating and set a $237.00 price target (up previously from $219.00) on shares of Time Warner Cable in a research note on Monday, May 2nd. Finally, Deutsche Bank AG increased their price objective on shares of Time Warner Cable from $224.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 12th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $214.24.

Read full story at http://baseballnewssource.com/markets/time-warner-cable-inc-twc-shares-bought-by-york-capital-management-global-advisors-llc/42422/

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