Court Place Advisors Stake in Comcast New (CMCSA) Raised as Shares Declined; Time Warner New (TWX) Holding Held by Harvey Capital Management Inc

May 24, 2018 - By Ash

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Harvey Capital Management Inc increased its stake in Time Warner Inc New (TWX) by 400.21% based on its latest 2017Q4 regulatory filing with the SEC. Harvey Capital Management Inc bought 66,035 shares as the company’s stock rose 1.97% while stock markets declined. The institutional investor held 82,535 shares of the television services company at the end of 2017Q4, valued at $7.55M, up from 16,500 at the end of the previous reported quarter. Harvey Capital Management Inc who had been investing in Time Warner Inc New for a number of months, seems to be bullish on the $73.61 billion market cap company. The stock increased 0.10% or $0.09 during the last trading session, reaching $94.09. About 406,674 shares traded. Time Warner Inc. (NYSE:TWX) has declined 3.25% since May 24, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

Court Place Advisors Llc increased its stake in Comcast Corp New (CMCSA) by 142.53% based on its latest 2017Q4 regulatory filing with the SEC. Court Place Advisors Llc bought 8,000 shares as the company’s stock declined 19.10% with the market. The institutional investor held 13,613 shares of the television services company at the end of 2017Q4, valued at $545.20M, up from 5,613 at the end of the previous reported quarter. Court Place Advisors Llc who had been investing in Comcast Corp New for a number of months, seems to be bullish on the $146.39B market cap company. The stock decreased 0.21% or $0.07 during the last trading session, reaching $31.81. About 2.89M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since May 24, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Since December 14, 2017, it had 0 insider purchases, and 11 sales for $62.58 million activity. The insider ROBERTS BRIAN L sold $22.57M. The insider Murdock Daniel C. sold 916 shares worth $30,411. $4.84M worth of Comcast Corporation (NASDAQ:CMCSA) was sold by WATSON DAVID N. BURKE STEPHEN B sold $8.11 million worth of Comcast Corporation (NASDAQ:CMCSA) on Friday, January 26.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Nasdaq.com which released: “As Comcast Torpedoes Disney’s Fox Deal, Which Stocks Emerge a Buy?” on May 15, 2018, also Seekingalpha.com with their article: “Comcast: Near all-cash offer for parts of Fox” published on May 23, 2018, Fool.com published: “Consumer Satisfaction With Cable, Internet Service Providers Drops Again” on May 24, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Bizjournals.com and their article: “By Jim Carchidi – Photojournalist, Orlando Business Journal” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “Comcast Xfinity Website Bug Leaked Customer Data” with publication date: May 23, 2018.

Among 32 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 7 Hold. Therefore 75% are positive. Comcast Corporation had 84 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Hold” rating by Nomura on Thursday, January 18. Argus Research upgraded the shares of CMCSA in report on Friday, February 5 to “Buy” rating. The firm has “Buy” rating by Buckingham Research given on Monday, January 8. The rating was maintained by Pivotal Research on Thursday, July 23 with “Buy”. The stock has “Buy” rating by Piper Jaffray on Tuesday, May 30. The rating was maintained by RBC Capital Markets with “Buy” on Friday, September 8. Credit Suisse maintained it with “Outperform” rating and $63 target in Wednesday, January 6 report. The stock has “Buy” rating by Deutsche Bank on Friday, January 13. The rating was initiated by Suntrust Robinson on Wednesday, November 11 with “Neutral”. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, May 16.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.10, from 1.03 in 2017Q3. It is negative, as 75 investors sold CMCSA shares while 544 reduced holdings. 122 funds opened positions while 455 raised stakes. 3.66 billion shares or 0.28% more from 3.65 billion shares in 2017Q3 were reported. Lakewood Cap LP stated it has 4.74M shares or 6.61% of all its holdings. 560 were accumulated by Thompson Davis Company Inc. Novare Cap Llc stated it has 1.32% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Copeland Cap Mgmt Limited Liability invested in 180,283 shares or 0.46% of the stock. Douglass Winthrop Llc invested in 59,178 shares. Bluemountain Management Lc holds 0.02% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 21,585 shares. Hanson Doremus Invest Mgmt accumulated 1,968 shares or 0.03% of the stock. Allsquare Wealth Limited, New York-based fund reported 684 shares. Wellington Shields Capital Management Ltd Liability Corporation accumulated 90,239 shares or 0.56% of the stock. Gideon Cap Advsr holds 0.51% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 14,440 shares. Choate Advsr holds 56,160 shares. Moreover, New Jersey Better Educational Savings Tru has 0.41% invested in Comcast Corporation (NASDAQ:CMCSA) for 10,000 shares. Webster Bank N A has 7,621 shares for 0.04% of their portfolio. Pggm reported 1.07% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Athena Ltd Llc holds 0.08% or 7,639 shares.

Court Place Advisors Llc, which manages about $189.65M and $242.24B US Long portfolio, decreased its stake in Novartis A G (NYSE:NVS) by 400 shares to 24,941 shares, valued at $2.09 billion in 2017Q4, according to the filing. It also reduced its holding in Kinder Morgan Inc Del (NYSE:KMI) by 2,904 shares in the quarter, leaving it with 27,284 shares, and cut its stake in Allergan Plc.

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Seekingalpha.com which released: “Buy CYS For Cash And Shares Of A Better Company” on May 23, 2018, also Fool.com with their article: “These Companies Gave Bonuses or Raises After Tax Reform” published on May 24, 2018, Bizjournals.com published: “Small, independent network wants to weigh in on AT&T, Time Warner case” on May 23, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Investorplace.com and their article: “11 Stocks You Should Be Buying This Summer” published on May 23, 2018 as well as Bizjournals.com‘s news article titled: “Hulu poaches executives from Netflix, Samsung for marketing teams” with publication date: May 23, 2018.

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.15, from 0.76 in 2017Q3. It is positive, as 64 investors sold TWX shares while 363 reduced holdings. 122 funds opened positions while 265 raised stakes. 598.25 million shares or 1.97% more from 586.69 million shares in 2017Q3 were reported. Norinchukin Fincl Bank The holds 101,724 shares or 0.16% of its portfolio. Retirement Systems Of Alabama, a Alabama-based fund reported 748,615 shares. Patten Grp Incorporated invested in 1,364 shares or 0.05% of the stock. Buckingham Asset Mngmt Ltd invested in 0.1% or 5,281 shares. Symphony Asset Mgmt Ltd Co reported 0.06% in Time Warner Inc. (NYSE:TWX). Washington Cap Mgmt stated it has 2,525 shares. Cqs Cayman LP stated it has 307,500 shares or 1.78% of all its holdings. 251,846 were reported by Sei Company. Edge Wealth Mngmt Ltd Liability Co stated it has 100 shares. Panagora Asset Mgmt Inc invested in 0.01% or 30,455 shares. Amica Mutual Insur accumulated 70,300 shares or 0.63% of the stock. Robeco Institutional Asset Mgmt Bv owns 0.03% invested in Time Warner Inc. (NYSE:TWX) for 73,860 shares. Credit Agricole S A invested in 0.32% or 52,983 shares. 20,309 are owned by Trexquant Ltd Partnership. Utd Capital Financial Advisers Ltd Liability Corp holds 0.02% in Time Warner Inc. (NYSE:TWX) or 21,830 shares.

Harvey Capital Management Inc, which manages about $386.73 million and $275.94 million US Long portfolio, decreased its stake in Hexcel (NYSE:HXL) by 30,400 shares to 29,175 shares, valued at $1.80 million in 2017Q4, according to the filing. It also reduced its holding in Gilead Sciences (NASDAQ:GILD) by 7,110 shares in the quarter, leaving it with 96,100 shares, and cut its stake in Fireeye Inc (NASDAQ:FEYE).

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 18 have Buy rating, 0 Sell and 23 Hold. Therefore 44% are positive. Time Warner Inc. had 126 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Macquarie Research on Friday, September 11. The company was maintained on Wednesday, November 4 by Pivotal Research. The firm earned “Hold” rating on Friday, August 4 by Barclays Capital. Loop Capital maintained the shares of TWX in report on Friday, November 17 with “Hold” rating. KeyBanc Capital Markets maintained the stock with “Hold” rating in Monday, October 16 report. The firm has “Buy” rating given on Thursday, August 4 by UBS. Pivotal Research initiated it with “Buy” rating and $86 target in Tuesday, October 20 report. CLSA downgraded Time Warner Inc. (NYSE:TWX) on Thursday, November 5 to “Buy” rating. The firm has “Sector Perform” rating given on Monday, October 24 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, November 6 by Barrington Research.

Since December 14, 2017, it had 0 insider buys, and 3 insider sales for $2.88 million activity. OLAFSSON OLAF had sold 23,450 shares worth $2.11 million on Thursday, December 14. WRIGHT DEBORAH C sold $376,219 worth of stock or 4,019 shares.

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

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