Stonehill Capital Management Lowered Time Warner Common (TWX) Holding as Share Value Declined; A-D-Beadell Investment Counsel Holds Holding in Quanta Services (PWR)

June 18, 2018 - By Kurt Siggers

Time Warner Inc. (NYSE:TWX) Logo

A-D-Beadell Investment Counsel Inc increased its stake in Quanta Services Inc (PWR) by 70% based on its latest 2018Q1 regulatory filing with the SEC. A-D-Beadell Investment Counsel Inc bought 16,085 shares as the company’s stock declined 0.20% with the market. The institutional investor held 39,065 shares of the capital goods company at the end of 2018Q1, valued at $1.34M, up from 22,980 at the end of the previous reported quarter. A-D-Beadell Investment Counsel Inc who had been investing in Quanta Services Inc for a number of months, seems to be bullish on the $5.36 billion market cap company. The stock increased 0.31% or $0.11 during the last trading session, reaching $35.71. About 499,059 shares traded. Quanta Services, Inc. (NYSE:PWR) has risen 14.77% since June 18, 2017 and is uptrending. It has outperformed by 2.20% the S&P500. Some Historical PWR News: 03/05/2018 – Quanta Services Sees 2018 Rev $9.95B-$10.55B; 10/05/2018 – Quanta Computer Inc. Apr Rev NT$69.24B; 18/04/2018 – Quanta Services Closes Below 50-Day Moving Average: Technicals; 03/05/2018 – QUANTA SERVICES INC PWR.N SEES FY 2018 REVENUE $9.95 BLN TO $10.55 BLN; 03/05/2018 – Quanta Services 1Q EPS 24c; 16/05/2018 – Quanta Services Rises for 10 Days; Tied for Longest Rally; 03/05/2018 – Quanta Services 1Q Rev $2.42B; 03/05/2018 – Quanta Services 1Q Adj EPS 40c; 22/04/2018 – DJ Quanta Services Inc, Inst Holders, 1Q 2018 (PWR); 25/04/2018 – Quanta Successfully Completes Pilot Treatments in France

Stonehill Capital Management Llc decreased its stake in Time Warner Inc Common (TWX) by 2.17% based on its latest 2018Q1 regulatory filing with the SEC. Stonehill Capital Management Llc sold 5,000 shares as the company’s stock declined 1.16% with the market. The hedge fund held 225,553 shares of the television services company at the end of 2018Q1, valued at $21.33M, down from 230,553 at the end of the previous reported quarter. Stonehill Capital Management Llc who had been investing in Time Warner Inc Common for a number of months, seems to be less bullish one the $77.27B market cap company. It closed at $98.77 lastly. It is down 5.23% since June 18, 2017 and is downtrending. It has underperformed by 17.80% the S&P500. Some Historical TWX News: 20/03/2018 – Harvard Kennedy School Creates a Student Fellowship in Honor of Lisa Garcia Quiroz; 19/04/2018 – AT&T Chief Attacks Lawsuit to Block Time Warner Merger; 15/03/2018 – AT&T/Time Warner U.S. merger trial delayed two days; 15/05/2018 – AT&T INC – FOLLOWING TIME WARNER DEAL CLOSE, PLANS TO INTRODUCE WATCHTV, A PACKAGE WITHOUT LOCAL PROGRAMMING OR SPORTS-ONLY CHANNELS; 17/04/2018 – AT&T, Time Warner CEOs to Take the Stand in Defense of Merger; 30/05/2018 – AT&T CFO: TIME WARNER DEAL SET TO CLOSE AFTER JUDGE’S RULING; 07/05/2018 – ♫ Reuters Insider – Exclusive: Comcast preparing all-cash offer to upset Disney-Fox deal; 30/04/2018 – Future of AT&T-Time Warner Deal Is in Judge’s Hands; 26/04/2018 – T, TWX: AT&T trial testimony is over. Antitrust chief Makan Delrahim tells reporters afterward, “I would never bring a case I don’t think I could win.” – ! $T $TWX; 22/03/2018 – FT Alphaville – Blog: AT&T may not be confident of a quick Time Warner resolution

Since February 5, 2018, it had 0 insider purchases, and 2 insider sales for $766,866 activity. WRIGHT DEBORAH C sold $376,219 worth of stock.

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Seekingalpha.com which released: “AT&T/TWX closing details: stock/cash split, expected synergies” on June 15, 2018, also Seekingalpha.com with their article: “Market Is Revaluing Entertainment Stocks – Cramer’s Mad Money (6/14/18)” published on June 15, 2018, Seekingalpha.com published: “Vanity Fair: Zucker staying at CNN through ’20 election” on June 13, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Seekingalpha.com and their article: “PVAC +3.7%, FLT +4.5% on index changes; NVDA to S&P 100” published on June 15, 2018 as well as Fool.com‘s news article titled: “The Simple Theory That Led To Netflix’s Media Takeover” with publication date: June 17, 2018.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 26 Hold. Therefore 37% are positive. Time Warner Inc. had 129 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, October 17 by Wedbush. The firm has “Hold” rating given on Tuesday, October 31 by Needham. The stock has “Overweight” rating by JP Morgan on Monday, April 11. The firm earned “Buy” rating on Friday, July 28 by Jefferies. As per Thursday, August 4, the company rating was maintained by UBS. FBR Capital maintained the shares of TWX in report on Thursday, December 22 with “Outperform” rating. As per Tuesday, October 10, the company rating was maintained by Cowen & Co. Stifel Nicolaus maintained the shares of TWX in report on Monday, October 24 with “Hold” rating. The stock has “Hold” rating by Needham on Monday, September 25. The company was maintained on Tuesday, September 15 by Topeka Capital Markets.

Investors sentiment increased to 0.98 in Q1 2018. Its up 0.07, from 0.91 in 2017Q4. It is positive, 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. Hbk Sorce Advisory Ltd Co holds 0.06% or 4,968 shares in its portfolio. Moreover, Samlyn Cap Limited Company has 2.76% invested in Time Warner Inc. (NYSE:TWX) for 1.33 million shares. Atlas Browninc owns 0.06% invested in Time Warner Inc. (NYSE:TWX) for 3,578 shares. 28,557 were reported by Livforsakringsbolaget Skandia Omsesidigt. Janney Montgomery Scott Ltd Co has invested 0.08% in Time Warner Inc. (NYSE:TWX). State Of Tennessee Treasury Department owns 484,841 shares for 0.23% of their portfolio. 1.02 million were reported by Farallon Cap Mgmt Limited Liability Com. Burney Company has invested 0.34% in Time Warner Inc. (NYSE:TWX). Wealthfront Inc holds 0.04% or 37,391 shares. Winslow Evans & Crocker accumulated 0% or 1,134 shares. Fragasso Group Inc Inc owns 17,228 shares or 0.4% of their US portfolio. Citigroup reported 0.12% stake. Salem Counselors Inc owns 450 shares. Parkside Retail Bank Trust holds 0.04% or 1,138 shares in its portfolio. Charter invested 0.06% of its portfolio in Time Warner Inc. (NYSE:TWX).

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on August, 1. They expect $1.58 EPS, up 18.80% or $0.25 from last year’s $1.33 per share. TWX’s profit will be $1.24 billion for 15.63 P/E if the $1.58 EPS becomes a reality. After $2.28 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -30.70% negative EPS growth.

Stonehill Capital Management Llc, which manages about $3.24B and $232.85 million US Long portfolio, upped its stake in Altaba Inc Common by 363,806 shares to 2.03 million shares, valued at $150.10 million in 2018Q1, according to the filing.

Among 15 analysts covering Quanta Services Inc. (NYSE:PWR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Quanta Services Inc. had 51 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Quanta Services, Inc. (NYSE:PWR) has “Buy” rating given on Friday, September 23 by Stifel Nicolaus. The rating was downgraded by BB&T Capital to “Hold” on Friday, October 2. The rating was maintained by Stephens with “Buy” on Wednesday, January 31. On Friday, April 7 the stock rating was maintained by FBR Capital with “Mkt Perform”. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, November 12. The stock has “Outperform” rating by FBR Capital on Monday, August 10. As per Friday, May 6, the company rating was maintained by FBR Capital. Stifel Nicolaus maintained the shares of PWR in report on Friday, July 7 with “Buy” rating. The stock has “Buy” rating by Maxim Group on Friday, May 6. The stock of Quanta Services, Inc. (NYSE:PWR) has “Hold” rating given on Friday, October 6 by Robert W. Baird.

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

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