Twin Securities INC Increased Time Warner Cable INC (NYSE:TWC) by $60.54 Million as Shares Were Volatile

Twin Securities Inc increased its stake in Time Warner Cable Inc (NYSE:TWC) by 69.92% based on its latest 2016Q2 regulatory filing with the SEC. Twin Securities Inc bought 296,750 shares as the company’s stock 0.00% . The hedge fund held 721,152 shares of the television services company at the end of 2016Q2, valued at $147.56M, up from 424,402 at the end of the previous reported quarter. Twin Securities Inc who had been investing in Time Warner Cable Inc for a number of months, seems to be bullish on the $ market cap company. The stock last traded at $0 per share. It is down 6.00% since July 28, 2016 and is uptrending. It has underperformed by 7.93% the S&P500.

Twin Securities Inc, which manages about $752.99 million and $801.18M US Long portfolio, decreased its stake in Yahoo Inc (NASDAQ:YHOO) by 269,700 shares to 166,300 shares, valued at $6.12 million in 2016Q2, according to the filing.

Twin Securities Inc is a New York-based hedge fund with more than $752.99 million AUM in September, 2014. Taken from Twin Securities latest Adv, the fund reported to have 10 full and part-time employees. Among which 10 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

The institutional sentiment decreased to 0 in Q2 2016. Its down 0.93, from 0.93 in 2016Q1. The ratio worsened, as 600 funds sold all TWC shares owned while 0 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 194,823 shares or 99.92% less from 248.53 million shares in 2016Q1.

Orinda Asset Management Llc holds 2.66% of its portfolio in TWC for 11,758 shares. Great West Life Assurance Co Can owns 170,043 shares or 0.13% of their US portfolio. Moreover, Parsons Capital Management Inc Ri has 0.08% invested in the company for 2,980 shares. The New York-based Douglass Winthrop Advisors Llc has invested 0.05% in the stock. North Star Asset Management Inc, a Wisconsin-based fund reported 2,177 shares.

Out of 6 analysts covering Time Warner Cable (NYSE:TWC), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Time Warner Cable has been the topic of 8 analyst reports since October 30, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock on May 12 with “Buy” rating.

Time Warner Cable Inc. is a provider of video, high-speed data and voice services in the United States with clustered cable systems located in approximately five geographic areas, including New York State, the Carolinas, the Midwest, Southern California and Texas. The company has a market cap of $. The Firm operates through three divisions: Residential Services, Business Services and Other Operations. It currently has negative earnings. The Company’s residential services segment includes security and home management services.

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