Brandywine Global Investment Management Raised Its Mrc Global (MRC) Position by $1.32 Million; Time Warner (TWX) Holder Beach Point Capital Management LP Cut Its Holding as Share Price Rose

January 12, 2018 - By Winifred Garcia

Carl Goldsmith decreased its stake in Time Warner Inc (TWX) by 23.61% based on its latest 2017Q3 regulatory filing with the SEC. Beach Point Capital Management Lp sold 208,326 shares as the company’s stock rose 1.19% with the market. The hedge fund run by Carl Goldsmith held 673,901 shares of the television services company at the end of 2017Q3, valued at $69.04M, down from 882,227 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $71.62 billion market cap company. The stock increased 0.11% or $0.1 during the last trading session, reaching $91.99. About 1.87M shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since January 12, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Brandywine Global Investment Management Llc increased its stake in Mrc Global Inc (MRC) by 32.46% based on its latest 2017Q3 regulatory filing with the SEC. Brandywine Global Investment Management Llc bought 77,915 shares as the company’s stock declined 1.90% while stock markets rallied. The institutional investor held 317,942 shares of the industrial machinery and components company at the end of 2017Q3, valued at $5.56 million, up from 240,027 at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in Mrc Global Inc for a number of months, seems to be bullish on the $1.79B market cap company. The stock increased 3.64% or $0.66 during the last trading session, reaching $18.93. About 341,336 shares traded. MRC Global Inc. (NYSE:MRC) has risen 52.93% since January 12, 2017 and is uptrending. It has outperformed by 36.23% the S&P500.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 25 Hold. Therefore 38% are positive. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, November 17 the stock rating was maintained by Loop Capital with “Hold”. Wells Fargo maintained the shares of TWX in report on Tuesday, November 21 with “Hold” rating. The stock of Time Warner Inc. (NYSE:TWX) has “Buy” rating given on Wednesday, November 4 by Pivotal Research. The rating was downgraded by Wells Fargo on Thursday, November 5 to “Market Perform”. On Thursday, August 4 the stock rating was maintained by UBS with “Buy”. Barclays Capital maintained the shares of TWX in report on Friday, August 14 with “Equal-Weight” rating. FBR Capital maintained it with “Outperform” rating and $79 target in Thursday, November 5 report. Loop Capital downgraded Time Warner Inc. (NYSE:TWX) on Thursday, March 2 to “Hold” rating. Credit Agricole downgraded the shares of TWX in report on Thursday, November 5 to “Outperform” rating. RBC Capital Markets maintained it with “Outperform” rating and $87 target in Thursday, November 5 report.

Since December 14, 2017, it had 0 insider buys, and 1 insider sale for $2.11 million activity.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on February, 14. They expect $1.46 EPS, up 16.80% or $0.21 from last year’s $1.25 per share. TWX’s profit will be $1.14 billion for 15.75 P/E if the $1.46 EPS becomes a reality. After $1.82 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.09, from 0.85 in 2017Q2. It dropped, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Janney Montgomery Scott Ltd Liability Com holds 99,728 shares or 0.12% of its portfolio. Washington Cap Mgmt accumulated 2,525 shares. Cs Mckee Ltd Partnership stated it has 1.79% of its portfolio in Time Warner Inc. (NYSE:TWX). City Co accumulated 1,740 shares. Choate Inv has invested 0.03% in Time Warner Inc. (NYSE:TWX). Coatue Mngmt Ltd Liability Com accumulated 2.80M shares or 2.34% of the stock. Credit Suisse Ag has invested 0.87% of its portfolio in Time Warner Inc. (NYSE:TWX). Gemmer Asset Management Ltd Liability Corporation stated it has 917 shares. South Texas Money Management Ltd holds 0.02% or 4,205 shares in its portfolio. Banque Pictet And Cie Sa reported 0.01% stake. Quantitative Systematic Strategies Ltd Liability holds 0.13% or 4,645 shares in its portfolio. Louisiana State Employees Retirement Sys has 0.23% invested in Time Warner Inc. (NYSE:TWX). Duff & Phelps Inv Mngmt Co stated it has 0.01% in Time Warner Inc. (NYSE:TWX). Whitebox Advsrs Ltd Company reported 240,420 shares or 0.72% of all its holdings. Moreover, Css Lc Il has 0.16% invested in Time Warner Inc. (NYSE:TWX) for 31,020 shares.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.04, from 1.04 in 2017Q2. It fall, as 21 investors sold MRC shares while 56 reduced holdings. 17 funds opened positions while 60 raised stakes. 88.03 million shares or 3.53% less from 91.26 million shares in 2017Q2 were reported. Point72 Asia (Hong Kong) Ltd holds 0% in MRC Global Inc. (NYSE:MRC) or 26 shares. Artisan Partners Limited Partnership reported 1.08 million shares or 0.03% of all its holdings. Moreover, Invesco Limited has 0% invested in MRC Global Inc. (NYSE:MRC). Alpha Windward Ltd Liability Company reported 0.32% stake. Ubs Oconnor accumulated 1.54M shares or 0.62% of the stock. Redwood Invs Ltd Liability Company owns 12,131 shares. Bnp Paribas Arbitrage Sa reported 12,940 shares stake. Peak6 Invests LP holds 0% or 14,983 shares in its portfolio. Brown Advisory reported 0% of its portfolio in MRC Global Inc. (NYSE:MRC). Renaissance Technologies Ltd Limited Liability Company invested in 0% or 32,225 shares. Rhumbline Advisers has invested 0% in MRC Global Inc. (NYSE:MRC). Vanguard invested in 0.01% or 7.39 million shares. Comerica Bankshares owns 21,502 shares for 0% of their portfolio. Cubist Systematic Strategies Ltd Liability Corp reported 0.02% of its portfolio in MRC Global Inc. (NYSE:MRC). Hall Laurie J Trustee stated it has 1,440 shares.

Brandywine Global Investment Management Llc, which manages about $52.46B and $15.78B US Long portfolio, decreased its stake in Kla (NASDAQ:KLAC) by 4,150 shares to 125,134 shares, valued at $13.27M in 2017Q3, according to the filing. It also reduced its holding in Fbl Finl Group Inc (NYSE:FFG) by 5,091 shares in the quarter, leaving it with 51,930 shares, and cut its stake in Aar Corp (NYSE:AIR).

Among 13 analysts covering MRC Global (NYSE:MRC), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. MRC Global had 30 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird maintained MRC Global Inc. (NYSE:MRC) rating on Monday, October 9. Robert W. Baird has “Hold” rating and $21.0 target. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Friday, December 18 report. The firm has “Hold” rating by Maxim Group given on Tuesday, November 10. As per Friday, September 8, the company rating was maintained by Robert W. Baird. The firm has “Overweight” rating by JP Morgan given on Tuesday, September 12. The rating was initiated by Susquehanna with “Positive” on Tuesday, April 11. As per Friday, September 16, the company rating was initiated by Cowen & Co. The firm earned “Outperform” rating on Tuesday, November 8 by Cowen & Co. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, October 15. Longbow downgraded the shares of MRC in report on Thursday, February 25 to “Neutral” rating.

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