Beach Point Capital Management LP Stake In Time Warner INC (TWX) Was Decreased

June 27, 2018 - By Bridget Boland

Time Warner Inc. (NYSE:TWX) Corporate LogoDuring 2018 Q1 the big money sentiment increased to 0.98. That’s change of 0.07, from 2017Q4’s 0.91. 68 investors sold all, 336 reduced holdings as TWX ratio improved. 299 rose stakes while 98 funds acquired stakes. Funds hold 589.17 million shares thus 1.52% less from 2017Q4’s 598.25 million shares. Bbt Capital Limited Liability stated it has 75,000 shs or 1.62% of all its holdings. 2,611 were accumulated by Tci Wealth Advsr. Kbc Grp Nv holds 0.28% of its capital in Time Warner Inc. (NYSE:TWX) for 320,431 shs. Df Dent & invested 0.01% of its capital in Time Warner Inc. (NYSE:TWX). Washington Capital Mngmt holds 2,525 shs. Pentwater Cap Mngmt Ltd Partnership has invested 4.11% in Time Warner Inc. (NYSE:TWX). Tsp Capital Grp Limited invested in 12,366 shs. Nuwave Inv Mgmt Limited Liability Corporation reported 0.59% of its capital in Time Warner Inc. (NYSE:TWX). Longfellow Inv Mngmt Lc holds 2.43% of its capital in Time Warner Inc. (NYSE:TWX) for 120,000 shs. Fny Managed Accounts Lc, a New York-based fund reported 1,012 shs. Bnp Paribas Asset Management Holding Sa accumulated 41,163 shs. Moreover, Highvista Strategies has 6.7% invested in Time Warner Inc. (NYSE:TWX). Meyer Handelman Co stated it has 72,978 shs. Css Ltd Limited Liability Company Il reported 61,820 shs. Graham Mngmt LP accumulated 616,166 shs.

TWX registered $766,866 net activity with 0 insider purchases and 2 sales since February 5, 2018. 4,019 shs valued at $390,647 were sold by BARR WILLIAM P on Monday, February 5.

Carl Goldsmith decreased its stake by 33.83% in Time Warner Inc (TWX), according to 2018Q1 Securities and Exchange filling. 225,088 shares were sold by Beach Point Capital Management Lp as the company’s stock declined 1.16% with the market. At the end of 2018Q1, the 440,347 shares of the television services company held by the hedge fund run by Carl Goldsmith were priced at $41.65M, down from 665,435 at the end of the previous reported quarter. $77.27 billion is the market cap of Time Warner Inc. Lastly it traded at $98.77.Since June 27, 2017 it’s 5.23% down thus downtrending. TWX underperformed by 17.80% the S&P 500.

Beach Point Capital Management Lp upped its stake in Dxc Technology Co by 55,000 shares to 122,000 shares, valued at $12.27M in 2018Q1, according to the filing. It manages about $8.09 billion and $447.15M US Long portfolio. For a total of 114,500 shares it increased its holding in Visa Inc (NYSE:V) by 50,000 shares in the quarter, and has risen its stake in Zayo Group Hldgs Inc (NYSE:ZAYO).

Time Warner Inc. (NYSE:TWX) is anticipated to reveal earnings on August, 1., according to Zacks. Analysts predict $1.58 earnings per share. That’s $0.25 up or 18.80 % from 2017’s earnings of $1.33. In case of $1.58 earnings per share TWX’s profit could be $1.24B. Wall Street now forecasts -30.70 % negative EPS growth despite Time Warner Inc. last quarter’s EPS of $2.28.

For more Time Warner Inc. (NYSE:TWX) news brought out briefly go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “To T Or Not To T, That Is The Question” brought out on June 22, 2018, “Wall Street Breakfast: Game Of Trade Chicken Continues” on June 25, 2018, “Why I Am Acquiring More AT&T” with a publish date: June 19, 2018, “Vanity Fair: Zucker staying at CNN through ’20 election” and the last “AT&T: The Clock Is Ticking” with publication date: May 30, 2018.

Time Warner Inc. (NYSE:TWX) Ratings Coverage

A total of 12 analysts rate Time Warner Inc (NYSE:TWX) as follows: 4 “Buy”, 8 “Hold” and 0 “Sell”. Тherefore 33% are bullish. The firm has $11000 highest and $98.0 lowest target. The avg target $103.94 is 5.23% above the last ($98.77) price. (NYSE:TWX) has 15 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Monday, March 12 the firm has “Buy” rating by UBS given. On Thursday, February 1 the rating was maintained by RBC Capital Markets with “Hold”. On Thursday, June 14 Loop Capital downgraded the shares of TWX in report to “Hold” rating. On Wednesday, June 13 the stock of Time Warner Inc. (NYSE:TWX) has “Market Perform” rating given by Barrington Research. On Thursday, January 4 the stock of Time Warner Inc. (NYSE:TWX) has “Buy” rating given by Guggenheim. On Wednesday, June 13 the stock of Time Warner Inc. (NYSE:TWX) has “Neutral” rating given by Moffett Nathanson. On Thursday, February 1 the company was maintained by Guggenheim. On Tuesday, April 17 the firm has “Hold” rating by Pivotal Research given. The company rating was maintained by Cowen & Co on Monday, February 5. On Thursday, January 4 the company was maintained by Wells Fargo.

Time Warner Inc. (NYSE:TWX) Institutional Investors Chart

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