Texas Permanent School Fund lowered its position in Time Inc (NYSE:TIME) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 67,314 shares of the company’s stock after selling 5,385 shares during the period. Texas Permanent School Fund’s holdings in Time were worth $1,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TIME. Longfellow Investment Management Co. LLC purchased a new stake in shares of Time in the fourth quarter valued at $12,915,000. Dimensional Fund Advisors LP grew its holdings in shares of Time by 8.2% in the third quarter. Dimensional Fund Advisors LP now owns 6,491,422 shares of the company’s stock worth $87,634,000 after purchasing an additional 489,457 shares during the last quarter. Omni Partners LLP bought a new position in shares of Time in the fourth quarter worth about $7,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Time in the second quarter worth about $4,440,000. Finally, Clark Estates Inc. NY bought a new position in shares of Time in the fourth quarter worth about $5,166,000. 89.28% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Time from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Friday, January 5th. Citigroup cut shares of Time from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Gabelli cut shares of Time from a “buy” rating to a “sell” rating and set a $20.00 price target on the stock. in a report on Tuesday, November 28th. Evercore ISI assumed coverage on shares of Time in a report on Friday, November 17th. They issued an “outperform” rating and a $7.00 price target on the stock. Finally, ValuEngine upgraded shares of Time from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Two research 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 an average rating of “Hold” and a consensus target price of $15.17.

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

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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. 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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