As Magnachip Semiconductor (MX) Stock Rose, Shareholder Brigade Capital Management LP Has Trimmed Its Holding; As Time Warner (Put) (TWX) Market Value Declined, Harvest Management Has Trimmed Its Holding

June 14, 2018 - By Louis Casey

Time Warner Inc. (NYSE:TWX) Logo

Harvest Management Llc decreased its stake in Time Warner Inc (Put) (TWX) by 16.84% based on its latest 2018Q1 regulatory filing with the SEC. Harvest Management Llc sold 16,200 shares as the company’s stock declined 1.16% with the market. The hedge fund held 80,000 shares of the television services company at the end of 2018Q1, valued at $7.57M, down from 96,200 at the end of the previous reported quarter. Harvest Management Llc who had been investing in Time Warner Inc (Put) for a number of months, seems to be less bullish one the $77.45 billion market cap company. The stock increased 1.07% or $1.05 during the last trading session, reaching $99. About 20.62 million shares traded or 210.68% up from the average. Time Warner Inc. (NYSE:TWX) has declined 5.23% since June 14, 2017 and is downtrending. It has underperformed by 17.80% the S&P500. Some Historical TWX News: 17/04/2018 – AT&T, Time Warner CEOs to Take the Stand in Defense of Merger; 30/04/2018 – U.S. argues AT&T hiding real consumer impact of Time Warner deal; 06/03/2018 – AT&T: Priorities for 2018 Include Closing Pending Acquisition of Time Warner; 02/04/2018 – Time Warner pressure on cable carriers cited as U.S. fights AT&T deal; 25/04/2018 – TIME WARNER INC TWX.N : BMO RAISES TARGET PRICE TO $100 FROM $95; 16/04/2018 – A failure to buy Time Warner could be seen as strike three for Stephenson after failing at T-Mobile deal and overpaying for DirecTV; 20/03/2018 – Start of AT&T-Time Warner trial delayed until Thursday due to bad weather; 10/05/2018 – AT&T deal with Cohen specified providing advice on Time Warner merger -Post; 03/05/2018 – TIME WARNER CONAN O’BRIEN & TBS EXPAND PARTNERSHIP THROUGH; 22/03/2018 – AT&T and Justice Department Face Over Time Warner Merger (Video)

Don Morgan decreased its stake in Magnachip Semiconductor Corp (MX) by 5.57% based on its latest 2018Q1 regulatory filing with the SEC. Brigade Capital Management Lp sold 174,294 shares as the company’s stock rose 13.85% while stock markets declined. The hedge fund run by Don Morgan held 2.96M shares of the semiconductors company at the end of 2018Q1, valued at $28.38 million, down from 3.13 million at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Magnachip Semiconductor Corp for a number of months, seems to be less bullish one the $381.59M market cap company. The stock increased 0.91% or $0.1 during the last trading session, reaching $11.1. About 117,328 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 29.07% since June 14, 2017 and is uptrending. It has outperformed by 16.50% the S&P500. Some Historical MX News: 15/05/2018 – Capital Group Companies Inc. Exits Magnachip Semiconductor; 23/04/2018 – Magnachip Semiconductor at Foundry Technology Symposium May 23; 14/05/2018 – MagnaChip and YMC to Offer Cost Effective 0.13 micron Multiple-Time Programmable (MTP) IP Solutions; 14/05/2018 – Earn 7.5% Yield To Maturity With MagnaChip Semiconductor 2021 Bonds; 22/05/2018 – Magnachip Semiconductor Presenting at Conference Tomorrow; 30/04/2018 – MagnaChip 1Q Adj EPS 4c; 08/03/2018 All countries hit by US metals tariffs can negotiate exclusions -AP report

Since February 5, 2018, it had 0 insider buys, and 2 sales for $766,866 activity. WRIGHT DEBORAH C sold 4,019 shares worth $376,219.

Investors sentiment increased to 0.98 in Q1 2018. Its up 0.07, from 0.91 in 2017Q4. It improved, as 68 investors sold TWX shares while 336 reduced holdings. 98 funds opened positions while 299 raised stakes. 589.17 million shares or 1.52% less from 598.25 million shares in 2017Q4 were reported. Virginia Retirement Et Al invested 0.17% of its portfolio in Time Warner Inc. (NYSE:TWX). Allsquare Wealth Mgmt Ltd Limited Liability Company has invested 0.03% of its portfolio in Time Warner Inc. (NYSE:TWX). First Trust Lp stated it has 38,227 shares. Norinchukin Natl Bank The holds 111,084 shares or 0.18% of its portfolio. Highlander Ltd Limited Liability Company reported 0.26% in Time Warner Inc. (NYSE:TWX). Jennison Assocs Ltd has 750,001 shares. Victory Capital Mngmt, a Ohio-based fund reported 54,301 shares. Millennium Mgmt Limited Liability Company holds 0.22% or 1.77 million shares in its portfolio. Cetera Advsr Ltd Liability Corporation has 3,687 shares for 0.02% of their portfolio. Da Davidson And owns 24,571 shares. The New York-based Pinnacle Assocs has invested 0.21% in Time Warner Inc. (NYSE:TWX). Gulf State Bank (Uk) Ltd reported 246,412 shares. Teacher Retirement Of Texas accumulated 176,729 shares. Rmb Cap Mngmt Ltd Liability Corp reported 2,311 shares. Benjamin F Edwards And owns 6,763 shares.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 16 have Buy rating, 0 Sell and 25 Hold. Therefore 39% are positive. Time Warner Inc. had 128 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Time Warner Inc. (NYSE:TWX) has “Neutral” rating given on Monday, October 17 by Wedbush. The stock of Time Warner Inc. (NYSE:TWX) earned “Neutral” rating by B. Riley & Co on Wednesday, November 8. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, October 16. The rating was maintained by Jefferies with “Buy” on Thursday, August 4. The company was downgraded on Tuesday, July 26 by FBR Capital. The stock has “Buy” rating by Jefferies on Tuesday, May 23. The firm earned “Hold” rating on Thursday, November 9 by Loop Capital. The rating was maintained by FBR Capital on Monday, October 24 with “Mkt Perform”. Pivotal Research upgraded the shares of TWX in report on Tuesday, November 14 to “Buy” rating. The rating was initiated by Pivotal Research with “Buy” on Tuesday, October 20.

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Finance.Yahoo.com which released: “With or Without Time Warner, AT&T Stock Isn’t Worth Buying” on June 13, 2018, also Seekingalpha.com with their article: “AT&T: Ignore The Noise, Follow The Fundamentals” published on June 09, 2018, Seekingalpha.com published: “Headlines Don’t Determine Stock Prices – Cramer’s Mad Money (6/12/18)” on June 13, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Streetinsider.com and their article: “After-Hours Stock Movers 06/12: (ENPH) (FOXA) (TWX) Higher; (VTVT) (HRB) (OXM) Lower (more…)” published on June 12, 2018 as well as Investorplace.com‘s news article titled: “Confidently Rush into Comcast Corporation — Fears Are Overblown” with publication date: June 14, 2018.

Harvest Management Llc, which manages about $136.16 million and $201.48M US Long portfolio, upped its stake in Microsemi Corp (NASDAQ:MSCC) by 30,000 shares to 35,000 shares, valued at $2.27M in 2018Q1, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (Call) (SPY) by 54,500 shares in the quarter, for a total of 70,000 shares, and has risen its stake in Time Warner Inc (NYSE:TWX).

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on August, 1. They expect $1.58 earnings per share, up 18.80% or $0.25 from last year’s $1.33 per share. TWX’s profit will be $1.24 billion for 15.66 P/E if the $1.58 EPS becomes a reality. After $2.28 actual earnings per share reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -30.70% negative EPS growth.

Investors sentiment decreased to 0.66 in Q1 2018. Its down 0.37, from 1.03 in 2017Q4. It worsened, as 13 investors sold MX shares while 25 reduced holdings. 15 funds opened positions while 10 raised stakes. 23.09 million shares or 9.91% less from 25.63 million shares in 2017Q4 were reported. Granite Point Capital Mgmt LP accumulated 0.04% or 40,781 shares. Jabre Capital Ptnrs holds 0.17% or 80,000 shares in its portfolio. Laurion Cap Management Ltd Partnership, New York-based fund reported 52,999 shares. Wells Fargo Mn invested in 10,777 shares. Mckinley Cap Delaware accumulated 7,516 shares. Moreover, Goldman Sachs Group Inc has 0% invested in MagnaChip Semiconductor Corporation (NYSE:MX). Shannon River Fund Ltd Liability Corp invested in 0.86% or 358,872 shares. Group One Trading Ltd Partnership invested in 0% or 35,110 shares. Fmr Limited Liability accumulated 316,198 shares. Neuberger Berman Ltd Co holds 0% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX) for 27,300 shares. Malaga Cove Capital Ltd Liability reported 48,717 shares stake. Morgan Stanley has invested 0% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). 14,300 were accumulated by Arrowstreet Capital Partnership. Engaged Cap Lc invested in 1.18M shares or 1.54% of the stock. D E Shaw & Com holds 0% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX) for 378,822 shares.

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, May 6 by Topeka Capital Markets. Topeka Capital Markets maintained MagnaChip Semiconductor Corporation (NYSE:MX) rating on Friday, August 7. Topeka Capital Markets has “Buy” rating and $14 target. As per Wednesday, August 30, the company rating was maintained by Roth Capital. TH Capital initiated the stock with “Buy” rating in Thursday, September 29 report. The company was maintained on Thursday, July 13 by Needham. The rating was maintained by Roth Capital on Wednesday, June 14 with “Buy”. The rating was initiated by Roth Capital with “Buy” on Thursday, September 29. The firm has “Neutral” rating by Citigroup given on Wednesday, May 10. Roth Capital maintained the shares of MX in report on Sunday, July 30 with “Buy” rating. On Friday, August 4 the stock rating was maintained by Needham with “Buy”.

Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on August, 2. They expect $0.14 EPS, down 33.33% or $0.07 from last year’s $0.21 per share. MX’s profit will be $4.81M for 19.82 P/E if the $0.14 EPS becomes a reality. After $0.04 actual EPS reported by MagnaChip Semiconductor Corporation for the previous quarter, Wall Street now forecasts 250.00% EPS growth.

MagnaChip Semiconductor Corporation (NYSE:MX) Institutional Positions Chart

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