North Point Portfolio Managers Position in Thor Industries (THO) Has Trimmed by $415,480; Harvey Capital Management Stake in Time Warner New (TWX) Trimmed by $8.91 Million

December 17, 2017 - By Darrin Black

Harvey Capital Management Inc decreased its stake in Time Warner Inc New (TWX) by 83.35% based on its latest 2017Q2 regulatory filing with the SEC. Harvey Capital Management Inc sold 89,120 shares as the company’s stock rose 1.19% with the market. The institutional investor held 17,800 shares of the television services company at the end of 2017Q2, valued at $1.79M, down from 106,920 at the end of the previous reported quarter. Harvey Capital Management Inc who had been investing in Time Warner Inc New for a number of months, seems to be less bullish one the $70.27B market cap company. The stock increased 0.67% or $0.6 during the last trading session, reaching $90.25. About 11.01M shares traded or 33.20% up from the average. Time Warner Inc. (NYSE:TWX) has risen 36.37% since December 17, 2016 and is uptrending. It has outperformed by 19.67% the S&P500.

North Point Portfolio Managers Corp decreased its stake in Thor Industries Inc. (THO) by 2.65% based on its latest 2017Q2 regulatory filing with the SEC. North Point Portfolio Managers Corp sold 3,995 shares as the company’s stock declined 15.74% while stock markets rallied. The institutional investor held 146,605 shares of the consumer non-durables company at the end of 2017Q2, valued at $15.32M, down from 150,600 at the end of the previous reported quarter. North Point Portfolio Managers Corp who had been investing in Thor Industries Inc. for a number of months, seems to be less bullish one the $7.90B market cap company. The stock increased 0.71% or $1.06 during the last trading session, reaching $149.99. About 562,669 shares traded. Thor Industries, Inc. (NYSE:THO) has risen 48.76% since December 17, 2016 and is uptrending. It has outperformed by 32.06% the S&P500.

Among 14 analysts covering Thor Industries Inc (NYSE:THO), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Thor Industries Inc had 29 analyst reports since September 29, 2015 according to SRatingsIntel. On Friday, June 9 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating given on Wednesday, September 28 by Great Lakes. BMO Capital Markets downgraded it to “Market Perform” rating and $67 target in Wednesday, June 8 report. The stock of Thor Industries, Inc. (NYSE:THO) has “Hold” rating given on Tuesday, August 15 by Stifel Nicolaus. The stock of Thor Industries, Inc. (NYSE:THO) earned “Outperform” rating by BMO Capital Markets on Tuesday, September 29. Gabelli downgraded the shares of THO in report on Wednesday, December 2 to “Hold” rating. The rating was maintained by Robert W. Baird with “Buy” on Monday, October 30. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, July 13. The rating was downgraded by Argus Research to “Hold” on Friday, December 8. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, November 28.

Investors sentiment increased to 1.17 in Q2 2017. Its up 0.27, from 0.9 in 2017Q1. It improved, as 48 investors sold THO shares while 127 reduced holdings. 70 funds opened positions while 134 raised stakes. 45.84 million shares or 1.33% less from 46.46 million shares in 2017Q1 were reported. Wellington Shields Capital Mgmt Limited has 5,500 shares for 0.09% of their portfolio. Hanson Mcclain Inc accumulated 626 shares or 0.01% of the stock. Cim has 4,559 shares. First Republic Invest Management Inc has 0.01% invested in Thor Industries, Inc. (NYSE:THO) for 10,733 shares. New Jersey-based Hgk Asset Mngmt has invested 0.16% in Thor Industries, Inc. (NYSE:THO). 58,308 were accumulated by State Board Of Administration Of Florida Retirement. Swiss Comml Bank holds 0.01% or 87,600 shares. Bancorpsouth has invested 0.05% of its portfolio in Thor Industries, Inc. (NYSE:THO). 40,533 are held by Comerica Comml Bank. Moreover, Envestnet Asset Mngmt has 0.02% invested in Thor Industries, Inc. (NYSE:THO) for 59,037 shares. Asset One accumulated 1,200 shares or 0% of the stock. Texas-based Employees Retirement Of Texas has invested 0.02% in Thor Industries, Inc. (NYSE:THO). Growth Management LP invested in 450,000 shares. Sg Americas Secs Ltd Limited Liability Company holds 12,559 shares or 0.01% of its portfolio. Robeco Institutional Asset Mngmt Bv has 0.02% invested in Thor Industries, Inc. (NYSE:THO).

Since September 18, 2017, it had 0 buys, and 2 insider sales for $575,840 activity. KOSOWSKY J ALLEN sold $255,680 worth of stock or 2,000 shares.

Harvey Capital Management Inc, which manages about $386.73 million and $233.29M US Long portfolio, upped its stake in Citigroup Inc (NYSE:C) by 8,000 shares to 84,440 shares, valued at $5.65 million in 2017Q2, according to the filing. It also increased its holding in Fireeye Inc (NASDAQ:FEYE) by 47,736 shares in the quarter, for a total of 157,400 shares, and has risen its stake in Dow Chemical (NYSE:DOW).

Among 39 analysts covering Time Warner Inc. (NYSE:TWX), 14 have Buy rating, 0 Sell and 25 Hold. Therefore 36% are positive. Time Warner Inc. had 114 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies maintained Time Warner Inc. (NYSE:TWX) on Thursday, September 7 with “Hold” rating. RBC Capital Markets maintained Time Warner Inc. (NYSE:TWX) rating on Monday, June 12. RBC Capital Markets has “Hold” rating and $10800 target. Bernstein downgraded the stock to “Market Perform” rating in Thursday, August 20 report. The company was maintained on Monday, August 3 by M Partners. Macquarie Research maintained Time Warner Inc. (NYSE:TWX) rating on Friday, September 11. Macquarie Research has “Outperform” rating and $90 target. The firm earned “Buy” rating on Thursday, October 8 by Topeka Capital Markets. The firm has “Market Perform” rating by FBR Capital given on Tuesday, July 26. The stock of Time Warner Inc. (NYSE:TWX) has “Neutral” rating given on Wednesday, November 8 by B. Riley & Co. Telsey Advisory Group initiated Time Warner Inc. (NYSE:TWX) rating on Friday, February 5. Telsey Advisory Group has “Outperform” rating and $89 target. As per Thursday, January 14, the company rating was initiated by Drexel Hamilton.

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