An issue of Time Warner Cable Inc (NYSE:TWC) debt rose 1.5% as a percentage of its face value during trading on Thursday. The high-yield debt issue has a 5.5% coupon and is set to mature on September 1, 2041. The debt is now trading at $93.85 and was trading at $94.02 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.
Shares of Time Warner Cable opened at $209.56 on Friday, according to MarketBeat Ratings. Time Warner Cable Inc has a one year low of $155.17 and a one year high of $217.91.
A hedge fund recently raised its stake in Time Warner Cable stock. HighPoint Advisor Group LLC grew its position in Time Warner Cable Inc (NYSE:TWC) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,037 shares of the cable operator’s stock after acquiring an additional 303 shares during the period. HighPoint Advisor Group LLC’s holdings in Time Warner Cable were worth $475,000 at the end of the most recent quarter.
About Time Warner Cable
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.
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