Pentwater Capital Management LP bought a new position in shares of Time Inc (NYSE:TIME) during the fourth quarter, Holdings Channel reports. The fund bought 100,000 shares of the company’s stock, valued at approximately $1,845,000.

Other hedge funds have also bought and sold shares of the company. Shell Asset Management Co. acquired a new position in Time in the 3rd quarter valued at $104,000. Shelton Capital Management acquired a new position in Time in the 2nd quarter valued at $144,000. Flinton Capital Management LLC grew its holdings in Time by 84.9% in the 2nd quarter. Flinton Capital Management LLC now owns 10,438 shares of the company’s stock valued at $150,000 after buying an additional 4,794 shares in the last quarter. QS Investors LLC acquired a new position in Time in the 2nd quarter valued at $184,000. Finally, First Trust Advisors LP grew its holdings in Time by 48.2% in the 3rd quarter. First Trust Advisors LP now owns 16,045 shares of the company’s stock valued at $217,000 after buying an additional 5,217 shares in the last quarter. 89.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Time Inc (NYSE:TIME) opened at $18.50 on Monday. The firm has a market capitalization of $1,840.00, a price-to-earnings ratio of -925.00, a PEG ratio of 2.73 and a beta of 1.06. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88. Time Inc has a 1 year low of $9.90 and a 1 year high of $19.70.

Time (NYSE:TIME) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. Time had a positive return on equity of 7.53% and a negative net margin of 0.10%. The business had revenue of $679.00 million during the quarter, compared to the consensus estimate of $693.65 million. During the same period in the prior year, the company earned $0.31 EPS. Time’s revenue for the quarter was down 9.5% on a year-over-year basis. sell-side analysts anticipate that Time Inc will post 1.06 earnings per share for the current year.

TIME has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Time from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. Evercore ISI initiated coverage on Time in a report on Friday, November 17th. They issued an “outperform” rating and a $7.00 price objective on the stock. Citigroup lowered Time from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. Finally, Gabelli lowered Time from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.17.

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Time 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. The Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, and Travel + Leisure, as well as approximately 50 titles in the United Kingdom.

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Institutional Ownership by Quarter for Time (NYSE:TIME)

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