Time Inc. (NYSE:TIME) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other analysts also recently weighed in on TIME. Zacks Investment Research downgraded Time from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. ValuEngine upgraded Time from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.67.

Time (TIME) traded up 2.97% on Friday, hitting $12.15. The stock had a trading volume of 671,817 shares. The stock’s market capitalization is $1.21 billion. Time has a 1-year low of $11.65 and a 1-year high of $20.40. The company has a 50-day moving average price of $12.94 and a 200-day moving average price of $13.99.

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

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

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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