Act Ii Management LP Maintains Position in Time Warner (TWX); As Varian Med Sys (VAR) Stock Rose, Shareholder Gates Capital Management Lowered Holding by $10.00 Million

December 23, 2017 - By Marie Mckinney

Dennis Leibowitz increased its stake in Time Warner Inc (TWX) by 271.56% based on its latest 2017Q3 regulatory filing with the SEC. Act Ii Management Lp bought 54,815 shares as the company’s stock rose 1.19% with the market. The hedge fund run by Dennis Leibowitz held 75,000 shares of the television services company at the end of 2017Q3, valued at $7.68M, up from 20,185 at the end of the previous reported quarter. Act Ii Management Lp who had been investing in Time Warner Inc for a number of months, seems to be bullish on the $71.93B market cap company. The stock decreased 0.61% or $0.57 during the last trading session, reaching $92.38. About 6.16 million shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since December 23, 2016 and is uptrending. It has outperformed by 19.67% the S&P500.

Jeffrey Gates decreased its stake in Varian Med Sys Inc (VAR) by 14.91% based on its latest 2017Q3 regulatory filing with the SEC. Gates Capital Management Inc sold 100,000 shares as the company’s stock rose 13.68% with the market. The hedge fund run by Jeffrey Gates held 570,902 shares of the health care company at the end of 2017Q3, valued at $57.12 million, down from 670,902 at the end of the previous reported quarter. Gates Capital Management Inc who had been investing in Varian Med Sys Inc for a number of months, seems to be less bullish one the $10.16 billion market cap company. The stock increased 0.18% or $0.2 during the last trading session, reaching $110.91. About 286,013 shares traded. Varian Medical Systems, Inc. (NYSE:VAR) has risen 29.46% since December 23, 2016 and is uptrending. It has outperformed by 12.76% the S&P500.

Gates Capital Management Inc, which manages about $3.48 billion and $3.53B US Long portfolio, upped its stake in Ishares Tr (Put) (IWM) by 2.50 million shares to 8.00 million shares, valued at $1.19B in 2017Q3, according to the filing. It also increased its holding in Snap On Inc (NYSE:SNA) by 167,264 shares in the quarter, for a total of 1.03 million shares, and has risen its stake in Ion Geophysical Corp.

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.07, from 0.95 in 2017Q2. It increased, as 37 investors sold VAR shares while 166 reduced holdings. 51 funds opened positions while 156 raised stakes. 89.98 million shares or 0.15% less from 90.12 million shares in 2017Q2 were reported. Us Bank & Trust De has 46,081 shares. Sumitomo Mitsui Tru has 305,050 shares for 0.04% of their portfolio. Co Commercial Bank holds 0.01% or 5,355 shares. California Employees Retirement has 270,898 shares for 0.04% of their portfolio. New York State Teachers Retirement Systems owns 146,861 shares or 0.04% of their US portfolio. 9,129 are held by Asset Inc. Atwood And Palmer has invested 0% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR). Columbia Wanger Asset Mngmt Limited Liability Company, a Illinois-based fund reported 291,447 shares. Vident Advisory Limited invested 0.69% in Varian Medical Systems, Inc. (NYSE:VAR). Old Mutual Glob Investors (Uk) Limited holds 0.85% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 812,983 shares. Pictet Asset Mngmt Ltd holds 0.25% in Varian Medical Systems, Inc. (NYSE:VAR) or 871,861 shares. Stonebridge Mngmt invested in 10,339 shares. 3,217 are owned by Bradley Foster & Sargent Ct. Atlantic Group Inc Lc holds 0.01% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 15,117 shares. Whittier Trust Company has invested 0% in Varian Medical Systems, Inc. (NYSE:VAR).

Among 11 analysts covering Varian Medical Systems Inc. (NYSE:VAR), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Varian Medical Systems Inc. had 30 analyst reports since August 27, 2015 according to SRatingsIntel. Citigroup upgraded the stock to “Buy” rating in Monday, May 8 report. The firm earned “Sell” rating on Thursday, January 26 by Evercore. BTIG Research downgraded the shares of VAR in report on Thursday, September 7 to “Neutral” rating. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, November 30 report. The stock of Varian Medical Systems, Inc. (NYSE:VAR) earned “Hold” rating by RBC Capital Markets on Friday, September 1. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 27. As per Monday, August 28, the company rating was maintained by Robert W. Baird. As per Friday, January 27, the company rating was maintained by Barrington Research. Citigroup maintained the stock with “Neutral” rating in Monday, October 30 report. The stock of Varian Medical Systems, Inc. (NYSE:VAR) has “Outperform” rating given on Tuesday, January 12 by Barrington Research.

Since August 7, 2017, it had 0 insider purchases, and 12 sales for $15.87 million activity. The insider WILSON DOW R sold $1.54 million. ECKERT R ANDREW had sold 5,651 shares worth $578,594 on Friday, October 6.

Analysts await Varian Medical Systems, Inc. (NYSE:VAR) to report earnings on January, 24 after the close. They expect $0.99 EPS, up 32.00% or $0.24 from last year’s $0.75 per share. VAR’s profit will be $90.70 million for 28.01 P/E if the $0.99 EPS becomes a reality. After $1.09 actual EPS reported by Varian Medical Systems, Inc. for the previous quarter, Wall Street now forecasts -9.17% negative EPS growth.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.09, from 0.85 in 2017Q2. It worsened, 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. Live Your Vision owns 50 shares or 0% of their US portfolio. Fic Capital holds 6,788 shares. Prudential Public invested in 1.18M shares or 0.38% of the stock. Koch Industries owns 67,688 shares. Platinum Inv Mgmt Limited reported 0.02% in Time Warner Inc. (NYSE:TWX). First City Cap Management has 0.16% invested in Time Warner Inc. (NYSE:TWX). Cap Advisors Ltd Ltd Liability has invested 0% of its portfolio in Time Warner Inc. (NYSE:TWX). Homrich Berg holds 0.32% or 39,318 shares in its portfolio. Bnp Paribas Arbitrage Sa holds 0.18% of its portfolio in Time Warner Inc. (NYSE:TWX) for 738,504 shares. Cs Mckee Lp invested in 225,830 shares. Moreover, Gam Ag has 0.22% invested in Time Warner Inc. (NYSE:TWX). Consolidated Invest Grp Ltd, Colorado-based fund reported 46,195 shares. Gsa Capital Ptnrs Llp reported 2,352 shares. Camarda Financial Advsrs Limited Company invested 1.71% in Time Warner Inc. (NYSE:TWX). Td Asset Management stated it has 1.09 million shares.

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

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