BidaskClub lowered shares of Time Inc. (NYSE:TIME) from a sell rating to a strong sell rating in a research note published on Friday.

Several other analysts also recently weighed in on TIME. Zacks Investment Research downgraded Time from a hold rating to a sell rating in a research note on Thursday, July 20th. ValuEngine upgraded Time from a hold rating to a buy rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of Hold and a consensus target price of $14.67.

Shares of Time (NYSE:TIME) opened at 12.15 on Friday. Time has a 12-month low of $11.65 and a 12-month high of $20.40. The firm’s 50-day moving average price is $12.94 and its 200 day moving average price is $13.99. The stock’s market capitalization is $1.21 billion.

Time (NYSE:TIME) last announced its earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. The business had revenue of $694.00 million for the quarter, compared to the consensus estimate of $698.66 million. During the same quarter in the previous year, the company earned $0.22 EPS. Time’s revenue for the quarter was down 9.8% compared to the same quarter last year. Analysts predict that Time will post $1.10 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Time by 16.0% in the 2nd quarter. BlackRock Inc. now owns 12,279,219 shares of the company’s stock valued at $176,209,000 after acquiring an additional 1,696,311 shares in the last quarter. Fairpointe Capital LLC raised its holdings in Time by 7.9% in the 2nd quarter. Fairpointe Capital LLC now owns 10,582,963 shares of the company’s stock valued at $151,866,000 after acquiring an additional 779,303 shares in the last quarter. Vanguard Group Inc. raised its holdings in Time by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 8,687,917 shares of the company’s stock valued at $124,672,000 after acquiring an additional 154,543 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Time by 21.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,001,965 shares of the company’s stock valued at $86,128,000 after acquiring an additional 1,078,946 shares in the last quarter. Finally, State Street Corp raised its holdings in Time by 3.5% in the 1st quarter. State Street Corp now owns 3,435,769 shares of the company’s stock valued at $66,477,000 after acquiring an additional 117,265 shares in the last quarter. 89.68% of the stock is owned by hedge funds and other institutional investors.

Time Company Profile

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.

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