Apple Hospitality REIT, Inc. (APLE) Forms $18.16 Double Bottom; Canyon Capital Advisors Has Trimmed Time Warner (TWX) Holding

February 14, 2018 - By Darrin Black

Canyon Capital Advisors Llc decreased Time Warner Inc (TWX) stake by 4.25% reported in 2017Q3 SEC filing. Canyon Capital Advisors Llc sold 251,000 shares as Time Warner Inc (TWX)’s stock rose 1.19%. The Canyon Capital Advisors Llc holds 5.66 million shares with $579.36 million value, down from 5.91M last quarter. Time Warner Inc now has $73.56B valuation. The stock increased 0.75% or $0.7 during the last trading session, reaching $94.31. About 3.71 million shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since February 14, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Apple Hospitality REIT, Inc. (APLE) formed double bottom with $16.89 target or 7.00% below today’s $18.16 share price. Apple Hospitality REIT, Inc. (APLE) has $4.05B valuation. The stock increased 0.72% or $0.13 during the last trading session, reaching $18.16. About 1.29M shares traded. Apple Hospitality REIT, Inc. (NYSE:APLE) has risen 3.70% since February 14, 2017 and is uptrending. It has underperformed by 13.00% the S&P500.

Among 8 analysts covering Apple Hospitality REIT (NYSE:APLE), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Apple Hospitality REIT had 19 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Friday, April 7 with “Outperform”. The firm has “Buy” rating by Robert W. Baird given on Friday, January 12. As per Tuesday, January 19, the company rating was downgraded by Ladenburg Thalmann. The company was downgraded on Thursday, January 7 by Robert W. Baird. The stock has “Outperform” rating by Robert W. Baird on Tuesday, November 29. Robert W. Baird initiated it with “Outperform” rating and $20 target in Friday, August 28 report. The firm has “Hold” rating given on Friday, March 3 by Canaccord Genuity. BB&T Capital initiated Apple Hospitality REIT, Inc. (NYSE:APLE) on Friday, January 8 with “Hold” rating. The rating was initiated by Ladenburg Thalmann with “Buy” on Monday, October 26. The company was maintained on Thursday, August 10 by Canaccord Genuity.

Analysts await Apple Hospitality REIT, Inc. (NYSE:APLE) to report earnings on February, 26. They expect $0.36 earnings per share, down 2.70% or $0.01 from last year’s $0.37 per share. APLE’s profit will be $80.31 million for 12.61 P/E if the $0.36 EPS becomes a reality. After $0.48 actual earnings per share reported by Apple Hospitality REIT, Inc. for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.09, from 0.85 in 2017Q2. It turned negative, 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. Chesley Taft Assoc Ltd Com holds 0.12% of its portfolio in Time Warner Inc. (NYSE:TWX) for 13,090 shares. Dynamic Capital Limited holds 0.64% of its portfolio in Time Warner Inc. (NYSE:TWX) for 21,896 shares. Sit Investment Assoc accumulated 35,130 shares or 0.09% of the stock. Canada Pension Plan Investment Board holds 0.5% of its portfolio in Time Warner Inc. (NYSE:TWX) for 2.37M shares. One Natl Association has 0.06% invested in Time Warner Inc. (NYSE:TWX) for 8,573 shares. Interocean Capital Ltd Limited Liability Company reported 18,709 shares. Legg Mason Asset (Japan) Ltd holds 0.39% or 6,500 shares. Groesbeck Investment Management Nj reported 3,094 shares. Bnp Paribas Arbitrage Sa has 0.18% invested in Time Warner Inc. (NYSE:TWX) for 738,504 shares. Btim reported 0% in Time Warner Inc. (NYSE:TWX). City holds 0.06% or 1,740 shares. Banced owns 4,920 shares or 0.88% of their US portfolio. Baystate Wealth Mgmt Ltd Liability Company owns 50 shares or 0% of their US portfolio. Pentwater Cap Lp reported 5.59% of its portfolio in Time Warner Inc. (NYSE:TWX). Meru Capital Group LP stated it has 18.65% in Time Warner Inc. (NYSE:TWX).

Since December 14, 2017, it had 0 insider buys, and 2 insider sales for $2.50 million activity. BARR WILLIAM P had sold 4,019 shares worth $390,647. OLAFSSON OLAF also sold $2.11M worth of Time Warner Inc. (NYSE:TWX) shares.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 17 have Buy rating, 0 Sell and 23 Hold. Therefore 43% are positive. Time Warner Inc. had 121 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, November 5 with “Outperform”. The stock of Time Warner Inc. (NYSE:TWX) has “Hold” rating given on Tuesday, November 21 by Wells Fargo. FBR Capital maintained Time Warner Inc. (NYSE:TWX) rating on Friday, February 19. FBR Capital has “Mkt Perform” rating and $73 target. Barclays Capital maintained Time Warner Inc. (NYSE:TWX) rating on Friday, August 14. Barclays Capital has “Equal-Weight” rating and $89 target. On Monday, October 24 the stock rating was downgraded by Moffett Nathanson to “Neutral”. Jefferies downgraded Time Warner Inc. (NYSE:TWX) on Thursday, August 3 to “Hold” rating. Credit Suisse downgraded the stock to “Neutral” rating in Monday, October 24 report. Loop Capital maintained the stock with “Hold” rating in Thursday, November 9 report. On Thursday, April 20 the stock rating was downgraded by Pivotal Research to “Hold”. The stock of Time Warner Inc. (NYSE:TWX) has “Hold” rating given on Monday, February 5 by Cowen & Co.

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