Comerica Incorporated (NYSE:CMA) came in at number two in the equity portfolio of Limestone Value Partners. The investment manager’s position in the stock was unchanged in relation to the prior quarter, owning 331,830 shares valued at $7.34 million. The financial services company offered returns of 13.72% in the second quarter. Comerica Incorporated (NYSE:CMA) beat the markets’ revenue expectations for the second quarter of 2015 by $8.75 million, with revenues of $682 million, although its earnings were $0.02 shy of the markets’ earnings per share estimate of $0.75. Martin Whitman of Third Avenue Management was the largest shareholder of Comerica Incorporated in our database, with a holdingworth $142.01 million from 3.15 million shares at the end of the first quarter. Richard S. Pzena’s Pzena Investment Management and John Brenan’s Sirios Capital Management were among some of the other major stockholders of the company as of March 31.
Limestone Value Partners enhanced its equity position in Time Warner Inc (NYSE:TWX) by 6% to 82,000 shares valued at $7.17 million. The media company accounted for 7.63% of the overall public equity portfolio of the fund manager. In June, Time Warner Inc (NYSE:TWX) became the only studio to reach the $1 billion mark domestically for 15 years in a row. “American Sniper” and “The Hobbit- The Battle of The Five Armies” gave the entertainment company the necessary push to surpass the milestone, along with recent hits like “San Andreas” and “Mad Max: Fury Road.” While talking about this accomplishment, Greg Silverman, President of Creative Development and Worldwide Production for Time Warner Inc, said, “Hitting a billion dollars in the first six months of the year is an amazing accomplishment, which we share with our partners and all the artists in the Warner Bros. family who bring their considerable talents to our films.” The shares of Time Warner Inc (NYSE:TWX) have grown by 1.65% year-to-date. The media and entertainment company attracted investments from the likes of OZ Management, led by Daniel S. Och, which held 9.06 million shares in its portfolio valued at $764.61 million at the end of the first quarter.