Benjamin A. Smith increased its stake in Time Warner Inc (Call) (TWX) by 39.33% based on its latest 2016Q2 regulatory filing with the SEC. Laurion Capital Management Lp bought 590,000 shares as the company’s stock rose 0.75% with the market. The hedge fund run by Benjamin A. Smith held 2.09M shares of the television services company at the end of 2016Q2, valued at $151.63 million, up from 1.50M at the end of the previous reported quarter. Laurion Capital Management Lp who had been investing in Time Warner Inc (Call) for a number of months, seems to be bullish on the $62.54B market cap company. The stock is up 0.48% or $0.38 after the positive news, hitting $79.99 per share. About 1.52M shares traded hands. Time Warner Inc (NYSE:TWX) has risen 15.65% since March 3, 2016 and is uptrending. It has outperformed by 7.31% the S&P500.
Laurion Capital Management Lp, which manages about $4.98 billion and $6.34B US Long portfolio, decreased its stake in Target Corp (NYSE:TGT) by 825,616 shares to 84,384 shares, valued at $6.94M in 2016Q2, according to the filing. It also reduced its holding in Boeing Co (Put) (NYSE:BA) by 80,000 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Bank Amer Corp (Put) (NYSE:BAC).
Laurion Capital Management Lp is a New York-based hedge fund that was founded by Benjamin A. Smith. It had more than $4.98 billion assets under management in June, 2014. Taken from Laurion Capital Management latest Adv, the fund reported to have 43 full and part-time employees. Among which 24 performing investment advisory and research functions. The hedge fund had between 1-10 clients.
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.40, from 1.33 in 2016Q1. The ratio dropped, as 65 funds sold all TWX shares owned while 334 reduced positions. 66 funds bought stakes while 305 increased positions. They now own 614.82 million shares or 5.49% less from 650.52 million shares in 2016Q1. Compton Mgmt Ri last reported 0.4% of its portfolio in the stock. Moreover, Winton Capital Grp Inc Ltd has 0.18% invested in Time Warner Inc (NYSE:TWX) for 144,428 shares. Ingalls Snyder Ltd Liability Corporation last reported 0.49% of its portfolio in the stock. Nicholas Wi has invested 2.65% of its portfolio in Time Warner Inc (NYSE:TWX). Principal Finance Gp accumulated 1.10M shares or 0.11% of the stock. Creative Planning has invested 0.02% of its portfolio in Time Warner Inc (NYSE:TWX). Plante Moran Financial Lc has 0.08% invested in the company for 1,441 shares. First Tru, a Pennsylvania-based fund reported 31,603 shares. Columbus Hill Cap Mngmt Limited Partnership last reported 3,500 shares in the company. Moreover, Shinko Asset Ltd has 0% invested in Time Warner Inc (NYSE:TWX) for 2,022 shares. Sound Shore Inc Ct holds 1.90 million shares or 2.55% of its portfolio. Moreover, Evercore Wealth Management Ltd Limited Liability Company has 0.01% invested in Time Warner Inc (NYSE:TWX) for 4,074 shares. Signaturefd Ltd accumulated 0.07% or 6,122 shares. Diam has 92,645 shares for 0.1% of their US portfolio. Moreover, Bailard has 0.29% invested in Time Warner Inc (NYSE:TWX) for 32,819 shares.
Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 6 sales for $8.20 million net activity. $596,669 worth of Time Warner Inc (NYSE:TWX) shares were sold by BOLLENBACH STEPHEN F. 8,400 Time Warner Inc (NYSE:TWX) shares with value of $626,724 were sold by NOVACK KENNETH J. Another trade for 14,240 shares valued at $1.14M was sold by Magee Karen. The insider CAPPUCCIO PAUL T sold $4.43M. GINSBERG GARY L sold $227,370 worth of stock.
More important recent Time Warner Inc (NYSE:TWX) news were published by: Businesswire.com which released: “Jessica Holscott Appointed Head of Investor Relations for Time Warner Inc.” on September 29, 2016, also Profitconfidential.com published article titled: “Time Warner Inc: Superheroes Could Send TWX Stock Flying”, Wsj.com published: “Time Warner, Viacom Reported to Be Bidding for Argentine TV Broadcaster Telefe” on September 28, 2016. More interesting news about Time Warner Inc (NYSE:TWX) was released by: Fool.com and their article: “Better Buy: Netflix, Inc. vs. Time Warner” with publication date: September 16, 2016.
According to Zacks Investment Research, “Time Warner Inc. is the world’s leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music.”
Read full story at http://www.chesterindependent.com/2016/10/06/significant-ownership-change-laurion-capital-management-lp-upped-stake-in-time-warner-inc-call-twx-as-stock-value-rose/
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