Third Point Has Increased Holding in Time Warner (Call) (TWX); Unit (UNT) Shares Declined While Delphi Management Cut Its Position

May 27, 2018 - By Richard Conner

Time Warner Inc. (NYSE:TWX) Logo

Dan Loeb increased its stake in Time Warner Inc (Call) (TWX) by 45.45% based on its latest 2017Q4 regulatory filing with the SEC. Third Point Llc bought 1.25M shares as the company’s stock rose 1.97% while stock markets declined. The hedge fund run by Dan Loeb held 4.00M shares of the television services company at the end of 2017Q4, valued at $365.88 million, up from 2.75M at the end of the previous reported quarter. Third Point Llc who had been investing in Time Warner Inc (Call) for a number of months, seems to be bullish on the $73.67 billion market cap company. The stock decreased 0.10% or $0.09 during the last trading session, reaching $94.17. About 2.46M shares traded. Time Warner Inc. (NYSE:TWX) has declined 3.25% since May 27, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

Delphi Management Inc decreased its stake in Unit Corp (UNT) by 67.49% based on its latest 2017Q4 regulatory filing with the SEC. Delphi Management Inc sold 54,802 shares as the company’s stock declined 23.47% with the market. The institutional investor held 26,397 shares of the oil & gas production company at the end of 2017Q4, valued at $581,000, down from 81,199 at the end of the previous reported quarter. Delphi Management Inc who had been investing in Unit Corp for a number of months, seems to be less bullish one the $1.13 billion market cap company. The stock decreased 5.12% or $1.13 during the last trading session, reaching $20.93. About 421,709 shares traded. Unit Corporation (NYSE:UNT) has declined 23.47% since May 27, 2017 and is downtrending. It has underperformed by 35.02% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.31, from 1.15 in 2017Q3. It is negative, as 14 investors sold UNT shares while 67 reduced holdings. 25 funds opened positions while 43 raised stakes. 48.03 million shares or 2.58% less from 49.30 million shares in 2017Q3 were reported. Meeder Asset Mgmt Inc holds 0% or 1,061 shares in its portfolio. Falcon Point Capital Ltd Com holds 0.2% or 55,125 shares. Pacad Limited stated it has 5,600 shares. National Bank Of America De has invested 0% in Unit Corporation (NYSE:UNT). Parallax Volatility Advisers Lp holds 8,022 shares. Teachers Retirement System Of The State Of Kentucky has 0% invested in Unit Corporation (NYSE:UNT). Metropolitan Life Ins Ny invested in 17,108 shares. Texas Permanent School Fund holds 35,745 shares or 0.01% of its portfolio. Ameriprise has invested 0% in Unit Corporation (NYSE:UNT). 5,084 are owned by Riverhead Capital Mgmt Ltd. California State Teachers Retirement holds 0% or 81,655 shares. Magnetar Fincl Ltd Liability Corporation, Illinois-based fund reported 32,168 shares. Rhumbline Advisers has invested 0.01% in Unit Corporation (NYSE:UNT). Regions Corp invested 0% in Unit Corporation (NYSE:UNT). Financial Bank Of Nova Scotia owns 39,735 shares.

Analysts await Unit Corporation (NYSE:UNT) to report earnings on August, 2. They expect $0.14 EPS, up 100.00% or $0.07 from last year’s $0.07 per share. UNT’s profit will be $7.57M for 37.38 P/E if the $0.14 EPS becomes a reality. After $0.21 actual EPS reported by Unit Corporation for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

Among 8 analysts covering Unit (NYSE:UNT), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Unit had 23 analyst reports since August 17, 2015 according to SRatingsIntel. On Tuesday, December 13 the stock rating was downgraded by KLR Group to “Reduce”. KLR Group downgraded Unit Corporation (NYSE:UNT) on Tuesday, October 17 to “Hold” rating. The stock of Unit Corporation (NYSE:UNT) has “Hold” rating given on Thursday, January 18 by Cowen & Co. KLR Group downgraded the stock to “Hold” rating in Tuesday, July 25 report. On Friday, February 23 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Buy” rating on Thursday, November 2 by SunTrust. KLR Group downgraded the shares of UNT in report on Thursday, May 26 to “Accumulate” rating. The firm has “Hold” rating given on Thursday, October 19 by Cowen & Co. Seaport Global reinitiated it with “Buy” rating and $22 target in Friday, June 24 report. The stock of Unit Corporation (NYSE:UNT) earned “Hold” rating by SunTrust on Tuesday, March 27.

Another recent and important Unit Corporation (NYSE:UNT) news was published by Seekingalpha.com which published an article titled: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q2 2018 Results – Earnings Call Transcript” on May 04, 2018.

Delphi Management Inc, which manages about $966.00 million and $175.55 million US Long portfolio, upped its stake in Apogee Enterprises (NASDAQ:APOG) by 25,194 shares to 53,427 shares, valued at $2.44 million in 2017Q4, according to the filing. It also increased its holding in Omnicom Group Inc (NYSE:OMC) by 6,515 shares in the quarter, for a total of 37,370 shares, and has risen its stake in Hooker Furniture Corp (NASDAQ:HOFT).

More important 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 Streetinsider.com published article titled: “Time Warner (TWX) call put ratio 2.1 calls to 1 put as DOJ’s lawsuit battles to block AT&T (T) merger”, 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) was released by: Seekingalpha.com and their article: “AT&T opposes divestitures in TWX deal” with publication date: May 04, 2018.

Since December 14, 2017, it had 0 buys, and 3 sales for $2.88 million activity. $390,647 worth of Time Warner Inc. (NYSE:TWX) was sold by BARR WILLIAM P on Monday, February 5. OLAFSSON OLAF sold $2.11 million worth of stock or 23,450 shares.

Third Point Llc, which manages about $17.97 billion and $13.86B US Long portfolio, decreased its stake in Nxp Semiconductors N V (NASDAQ:NXPI) by 550,000 shares to 2.15M shares, valued at $251.74M in 2017Q4, according to the filing. It also reduced its holding in Dowdupont Inc by 63,505 shares in the quarter, leaving it with 14.98 million shares, and cut its stake in Baxter Intl Inc (NYSE:BAX).

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

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