Rwc Asset Management Llp increased its stake in Time Warner Cable Inc (NYSE:TWC) by 635.65% based on its latest 2016Q1 regulatory filing with the SEC. Rwc Asset Management Llp bought 74,873 shares as the company’s stock rose 11.77% with the market. The institutional investor held 86,652 shares of the television services company at the end of 2016Q1, valued at $17.73 million, up from 11,779 at the end of the previous reported quarter. Rwc Asset Management Llp 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 12.26% since October 12, 2015 and is uptrending. It has outperformed by 4.74% the S&P500.
Rwc Asset Management Llp, which manages about $8.81B and $1.33B US Long portfolio, decreased its stake in Molson Coors Brewing Co (NYSE:TAP) by 127,223 shares to 202,436 shares, valued at $19.47 million in 2016Q1, according to the filing. It also reduced its holding in Intel Corp (Prn) by 5.00 million shares in the quarter, leaving it with 4.75 million shares, and cut its stake in Amazon Com Inc (NASDAQ:AMZN).
Rwc Asset Management Llp is a United Kingdom-based institutional investor with more than $8.81 billion AUM in August, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Rwc Asset Management latest Adv, the fund reported to have 79 full and part-time employees. Among which 30 performing investment advisory and research functions. The institutional investor had between 1-10 clients.
The institutional sentiment increased to 0.93 in Q1 2016. Its up 0.12, from 0.81 in 2015Q4. The ratio improved, as 50 funds sold all TWC shares owned while 241 reduced positions. 60 funds bought stakes while 211 increased positions. They now own 248.53 million shares or 5.46% more from 235.66 million shares in 2015Q4.
Twin Securities Inc. holds 18.42% of its portfolio in TWC for 721,152 shares. Napier Park Global Capital (Us) Lp owns 220,328 shares or 16.92% of their US portfolio. Moreover, Soroban Capital Partners Lp has 13.45% invested in the company for 8.13 million shares. The New York-based Meru Capital Group Lp has invested 12.71% in the stock. Halcyon Management Partners Lp, a New York-based fund reported 205,515 shares.
Out of 7 analysts covering Time Warner Cable (NYSE:TWC), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Time Warner Cable has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Wunderlich downgraded the stock on March 2 to “Hold” rating.
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