Cibc Asset Management Increased Enerplus (ERF) Holding by $598,050; Puplava Financial Services Position in Time Warner (TWX) Has Cut as Shares Rose

May 18, 2018 - By Adrian Erickson

Time Warner Inc. (NYSE:TWX) Logo

Puplava Financial Services Inc decreased its stake in Time Warner Inc (TWX) by 56.61% based on its latest 2017Q4 regulatory filing with the SEC. Puplava Financial Services Inc sold 7,039 shares as the company’s stock rose 1.97% while stock markets declined. The institutional investor held 5,395 shares of the television services company at the end of 2017Q4, valued at $494,000, down from 12,434 at the end of the previous reported quarter. Puplava Financial Services Inc who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $72.66 billion market cap company. The stock decreased 1.39% or $1.31 during the last trading session, reaching $92.88. About 4.71 million shares traded. Time Warner Inc. (NYSE:TWX) has declined 3.25% since May 18, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

Cibc Asset Management Inc increased its stake in Enerplus Corp (ERF) by 69.08% based on its latest 2017Q4 regulatory filing with the SEC. Cibc Asset Management Inc bought 66,450 shares as the company’s stock rose 18.50% while stock markets declined. The institutional investor held 162,645 shares of the oil & gas production company at the end of 2017Q4, valued at $1.60M, up from 96,195 at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Enerplus Corp for a number of months, seems to be bullish on the $3.11B market cap company. The stock increased 3.65% or $0.45 during the last trading session, reaching $12.79. About 1.61M shares traded or 69.94% up from the average. Enerplus Corporation (NYSE:ERF) has risen 46.73% since May 18, 2017 and is uptrending. It has outperformed by 35.18% the S&P500.

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 14.70 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.

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 “Neutral” rating by Bank of America on Thursday, November 5. Stifel Nicolaus maintained it with “Hold” rating and $105 target in Monday, October 24 report. The firm earned “Buy” rating on Friday, August 14 by Citigroup. The rating was maintained by Needham on Monday, September 25 with “Hold”. The stock of Time Warner Inc. (NYSE:TWX) earned “Hold” rating by Jefferies on Thursday, September 7. The rating was maintained by Pivotal Research with “Buy” on Wednesday, November 4. The firm has “Neutral” rating given on Wednesday, February 1 by Moffett Nathanson. The stock of Time Warner Inc. (NYSE:TWX) has “Outperform” rating given on Thursday, November 5 by FBR Capital. RBC Capital Markets maintained the shares of TWX in report on Monday, June 12 with “Hold” rating. RBC Capital Markets maintained Time Warner Inc. (NYSE:TWX) rating on Thursday, November 5. RBC Capital Markets has “Outperform” rating and $87 target.

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: 247Wallst.com which released: “6 Most Important Things in Business Today” on May 04, 2018, also Seekingalpha.com with their article: “AT&T conference update: Network speed investment, streaming video upgrades” published on May 15, 2018, Seekingalpha.com published: “Corvex adds ServiceNow, exits Comcast in Q1” on May 15, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Streetinsider.com and their article: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T opposes divestitures in TWX deal” with publication date: May 04, 2018.

Investors sentiment increased to 0.91 in Q4 2017. 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. Wealthcare Cap Ltd Liability Corporation holds 0% or 40 shares. Quantitative Systematic Strategies Ltd Llc owns 8,868 shares. Vident Invest Advisory Limited Liability holds 0.08% of its portfolio in Time Warner Inc. (NYSE:TWX) for 19,048 shares. Catawba Management Va reported 11,080 shares. Newtyn Ltd Liability accumulated 325,000 shares or 4.55% of the stock. Vanguard Gp invested in 0.2% or 50.80 million shares. Supplemental Annuity Collective Tru Of Nj owns 37,000 shares or 1.43% of their US portfolio. Stephens Inc Ar invested in 7,315 shares or 0.03% of the stock. Crawford Invest Counsel has 0.1% invested in Time Warner Inc. (NYSE:TWX) for 34,603 shares. The New York-based Allsquare Wealth Mgmt Ltd has invested 0.03% in Time Warner Inc. (NYSE:TWX). Rothschild Corp Il invested in 0.2% or 20,212 shares. The New York-based Silvercrest Asset Mgmt Lc has invested 0% in Time Warner Inc. (NYSE:TWX). 32,616 are held by First Republic Invest Mngmt. Sumitomo Life Ins has 0.09% invested in Time Warner Inc. (NYSE:TWX) for 8,193 shares. Whitebox Advsr Lc has 2.76% invested in Time Warner Inc. (NYSE:TWX) for 1.07 million shares.

Puplava Financial Services Inc, which manages about $312.12M and $216.47M US Long portfolio, upped its stake in Select Sector Spdr Tr (XLI) by 9,121 shares to 18,992 shares, valued at $1.44M in 2017Q4, according to the filing. It also increased its holding in Proshares Tr (NOBL) by 11,134 shares in the quarter, for a total of 17,114 shares, and has risen its stake in Ishares Tr (IWM).

Since December 14, 2017, it had 0 insider purchases, and 3 insider sales for $2.88 million activity. The insider OLAFSSON OLAF sold 23,450 shares worth $2.11 million. 4,019 shares valued at $376,219 were sold by WRIGHT DEBORAH C on Monday, February 12.

More news for Enerplus Corporation (NYSE:ERF) were recently published by: Seekingalpha.com, which released: “Enerplus Corporation 2018 Q1 – Results – Earnings Call Slides” on May 04, 2018. Streetinsider.com‘s article titled: “Form 6-K ENERPLUS Corp For: May 17” and published on May 17, 2018 is yet another important article.

Among 6 analysts covering Enerplus Corp (NYSE:ERF), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enerplus Corp had 14 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Enerplus Corporation (NYSE:ERF) earned “Market Perform” rating by FirstEnergy Capital on Monday, August 10. The rating was downgraded by Macquarie Research on Friday, January 8 to “Neutral”. Raymond James reinitiated the shares of ERF in report on Monday, June 6 with “Outperform” rating. As per Monday, June 6, the company rating was upgraded by Macquarie Research. UBS upgraded the stock to “Buy” rating in Monday, November 9 report. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 9 report. The stock of Enerplus Corporation (NYSE:ERF) has “Buy” rating given on Wednesday, August 17 by Canaccord Genuity. BMO Capital Markets upgraded the stock to “Outperform” rating in Friday, February 10 report. The rating was initiated by Raymond James on Friday, December 18 with “Outperform”.

Cibc Asset Management Inc, which manages about $16.35 billion US Long portfolio, decreased its stake in Walgreens Boots Alliance Inc by 9,901 shares to 123,299 shares, valued at $8.95M in 2017Q4, according to the filing. It also reduced its holding in Ishares Inc by 10,172 shares in the quarter, leaving it with 13,052 shares, and cut its stake in Ishares Tr (INDA).

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

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