As Time Warner (TWX) Share Price Rose, Holder Parsec Financial Management Has Trimmed Position; Sunstone Hotel Invs New (SHO) Stock Rose While Axa Has Increased by $629,232 Its Position

January 14, 2018 - By Nellie Frank

Parsec Financial Management Inc decreased its stake in Time Warner Inc (TWX) by 72.16% based on its latest 2017Q3 regulatory filing with the SEC. Parsec Financial Management Inc sold 186,452 shares as the company’s stock rose 1.19% with the market. The institutional investor held 71,952 shares of the television services company at the end of 2017Q3, valued at $7.37M, down from 258,404 at the end of the previous reported quarter. Parsec Financial Management Inc who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $71.67 billion market cap company. The stock increased 0.17% or $0.16 during the last trading session, reaching $92.05. About 3.07M shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since January 14, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Axa increased its stake in Sunstone Hotel Invs Inc New (SHO) by 10.33% based on its latest 2017Q3 regulatory filing with the SEC. Axa bought 39,327 shares as the company’s stock rose 4.30% with the market. The institutional investor held 420,181 shares of the consumer services company at the end of 2017Q3, valued at $6.75 million, up from 380,854 at the end of the previous reported quarter. Axa who had been investing in Sunstone Hotel Invs Inc New for a number of months, seems to be bullish on the $858.48M market cap company. The stock decreased 0.83% or $0.14 during the last trading session, reaching $16.64. About 1.56M shares traded or 1.53% up from the average. Sunstone Hotel Investors, Inc. (NYSE:SHO) has risen 34.87% since January 14, 2017 and is uptrending. It has outperformed by 18.17% the S&P500.

Investors sentiment increased to 1.58 in 2017 Q3. Its up 0.32, from 1.26 in 2017Q2. It improved, as 15 investors sold SHO shares while 54 reduced holdings. 31 funds opened positions while 78 raised stakes. 245.55 million shares or 1.51% more from 241.88 million shares in 2017Q2 were reported. Bank & Trust Of Ny Mellon reported 6.02 million shares. Eii Cap Mngmt stated it has 0.27% of its portfolio in Sunstone Hotel Investors, Inc. (NYSE:SHO). State Of New Jersey Common Pension Fund D invested 0.01% in Sunstone Hotel Investors, Inc. (NYSE:SHO). Dimensional Fund Advsr Limited Partnership has 3.17 million shares. Congress Asset Mgmt Ma accumulated 44,668 shares. Alliancebernstein Ltd Partnership reported 646,996 shares. 15,424 are held by Veritable Ltd Partnership. 202,925 were reported by Evanston Invs Dba Evanston Advsr. State Board Of Administration Of Florida Retirement Systems reported 125,098 shares. Federated Investors Pa holds 0% or 1,525 shares. Ellington Mgmt Group Limited Co stated it has 0.05% in Sunstone Hotel Investors, Inc. (NYSE:SHO). Cwm Ltd Limited Liability Company reported 90 shares. Pacad Invest Limited reported 0.02% stake. Schwab Charles Management invested in 2.67 million shares or 0.04% of the stock. Moreover, Foundry Ptnrs Ltd Llc has 0.11% invested in Sunstone Hotel Investors, Inc. (NYSE:SHO).

Since December 14, 2017, it had 0 insider buys, and 1 sale for $308,267 activity.

Axa, which manages about $23.21B US Long portfolio, decreased its stake in Centene Corp Del (NYSE:CNC) by 14,698 shares to 270,197 shares, valued at $26.15M in 2017Q3, according to the filing. It also reduced its holding in Bunge Limited (NYSE:BG) by 68,700 shares in the quarter, leaving it with 20,800 shares, and cut its stake in Murphy Oil Corp (NYSE:MUR).

Among 18 analysts covering Sunstone Hotel Investors Inc (NYSE:SHO), 3 have Buy rating, 3 Sell and 12 Hold. Therefore 17% are positive. Sunstone Hotel Investors Inc had 41 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 17 by SunTrust. The firm has “Market Perform” rating given on Monday, January 8 by Raymond James. The firm has “Outperform” rating by Raymond James given on Friday, January 8. Canaccord Genuity maintained it with “Buy” rating and $18 target in Thursday, August 3 report. On Friday, March 3 the stock rating was downgraded by Bank of America to “Neutral”. Canaccord Genuity maintained Sunstone Hotel Investors, Inc. (NYSE:SHO) on Wednesday, February 24 with “Hold” rating. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, May 4. The stock of Sunstone Hotel Investors, Inc. (NYSE:SHO) earned “Hold” rating by Robert W. Baird on Friday, January 12. Evercore maintained it with “Hold” rating and $16 target in Monday, September 7 report. As per Thursday, February 18, the company rating was initiated by Jefferies.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.09, from 0.85 in 2017Q2. It dropped, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Boston Family Office Limited Liability Corporation owns 6,000 shares. Independent Franchise Partners Limited Liability Partnership has invested 6.21% of its portfolio in Time Warner Inc. (NYSE:TWX). Brevan Howard Management LP holds 3.49% in Time Warner Inc. (NYSE:TWX) or 14,816 shares. Segantii Mngmt Ltd reported 15.52% of its portfolio in Time Warner Inc. (NYSE:TWX). Icon Advisers Inc holds 0.43% or 60,100 shares. Oppenheimer And holds 0.07% or 26,619 shares in its portfolio. Welch Cap Ltd Liability Corporation Ny, a New York-based fund reported 67,220 shares. 2,835 were accumulated by Town & Country Bancshares & Tru Dba First Bankers Tru. Bailard Incorporated holds 0.48% or 61,884 shares. Pub Employees Retirement Association Of Colorado has 0.1% invested in Time Warner Inc. (NYSE:TWX). Lipe & Dalton reported 3.49% of its portfolio in Time Warner Inc. (NYSE:TWX). Tsp Gru Ltd Llc holds 0.85% or 17,432 shares. Monroe Retail Bank Tru Mi holds 476 shares. Moreover, Manchester Capital Management Lc has 0.04% invested in Time Warner Inc. (NYSE:TWX). Brown Advisory stated it has 42,713 shares or 0.01% of all its holdings.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 25 Hold. Therefore 38% are positive. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Friday, July 29 by Wedbush. JP Morgan maintained the stock with “Overweight” rating in Monday, April 11 report. The company was maintained on Friday, September 15 by RBC Capital Markets. As per Monday, August 7, the company rating was downgraded by Evercore. The company was maintained on Monday, October 24 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, August 6 by S&P Research. On Thursday, January 4 the stock rating was maintained by Wells Fargo with “Hold”. The stock has “Market Perform” rating by Telsey Advisory Group on Tuesday, January 3. The firm has “Hold” rating by KeyBanc Capital Markets given on Friday, August 25. The firm has “Sector Perform” rating given on Monday, October 24 by RBC Capital Markets.

Since December 14, 2017, it had 0 insider purchases, and 1 sale for $2.11 million activity.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on February, 14. They expect $1.46 EPS, up 16.80% or $0.21 from last year’s $1.25 per share. TWX’s profit will be $1.14 billion for 15.76 P/E if the $1.46 EPS becomes a reality. After $1.82 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Parsec Financial Management Inc, which manages about $1.56 billion and $1.38 billion US Long portfolio, upped its stake in Prudential Finl Inc (NYSE:PRU) by 3,682 shares to 96,514 shares, valued at $10.26M in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc Cl A by 654 shares in the quarter, for a total of 4,024 shares, and has risen its stake in Berkshire Hathaway Inc Cl B (BRKB).

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