Time Inc. (NYSE:TIME) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

A number of other brokerages have also issued reports on TIME. Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Wells Fargo & Company lowered Time from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. Macquarie lowered Time from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Thursday, June 15th. Finally, ValuEngine raised Time from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.40.

Time (NYSE:TIME) opened at 12.35 on Thursday. Time has a one year low of $11.65 and a one year high of $20.40. The firm’s market cap is $1.23 billion. The stock has a 50 day moving average price of $13.87 and a 200-day moving average price of $15.92.

Time (NYSE:TIME) last announced its earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $694 million during the quarter, compared to analyst estimates of $698.66 million. During the same period in the prior year, the business posted $0.22 EPS. The firm’s quarterly revenue 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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Several hedge funds and other institutional investors have recently bought and sold shares of TIME. Adams Diversified Equity Fund Inc. raised its position in Time by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 56,800 shares of the company’s stock valued at $1,099,000 after buying an additional 1,600 shares during the period. Oregon Public Employees Retirement Fund raised its position in Time by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 35,071 shares of the company’s stock valued at $679,000 after buying an additional 500 shares during the period. Essex Investment Management Co. LLC bought a new position in Time during the first quarter valued at $263,000. State of New Jersey Common Pension Fund D bought a new position in Time during the first quarter valued at $7,740,000. Finally, New Jersey Better Educational Savings Trust bought a new position in Time during the first quarter valued at $387,000. 92.86% of the stock is currently 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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