An issue of Time Warner Cable Inc (NYSE:TWC) bonds fell 1.9% against their face value during trading on Thursday. The debt issue has a 4.5% coupon and will mature on September 15, 2042. The bonds in the issue are now trading at $83.78 and were trading at $87.19 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.
TWC traded down $0.44 during trading on Thursday, hitting $209.56. 49,704,102 shares of the stock were exchanged, compared to its average volume of 3,039,864. Time Warner Cable Inc has a 1 year low of $155.17 and a 1 year high of $217.91.
An institutional investor recently raised its position in Time Warner Cable stock. HighPoint Advisor Group LLC grew its stake in Time Warner Cable Inc (NYSE:TWC) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,037 shares of the cable operator’s stock after acquiring an additional 303 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Time Warner Cable were worth $475,000 at the end of the most recent quarter.
Time Warner Cable Company Profile
Time Warner Cable Inc (TWC) is a provider of video, high-speed data and voice services in the United States with clustered cable systems located in approximately five geographic areas, including New York State, the Carolinas, the Midwest, Southern California and Texas. The Company operates through three segments: Residential Services, Business Services and Other Operations.
Receive News & Ratings for Time Warner Cable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Cable and related companies with MarketBeat.com's FREE daily email newsletter.