Time Inc. (TIME) Stake Lowered by Teachers Advisors LLC

Teachers Advisors LLC lessened its position in Time Inc. (NYSE:TIME) by 64.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 245,624 shares of the company’s stock after selling 439,338 shares during the period. Teachers Advisors LLC owned about 0.25% of Time worth $3,525,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Time by 15,894.7% during the 1st quarter. BlackRock Inc. now owns 10,582,908 shares of the company’s stock worth $204,781,000 after buying an additional 10,516,743 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Time during the 1st quarter worth about $29,239,000. Renaissance Technologies LLC lifted its position in Time by 53.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,487,300 shares of the company’s stock worth $48,129,000 after buying an additional 870,200 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Time by 200.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,200,000 shares of the company’s stock worth $17,220,000 after purchasing an additional 800,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Time by 14.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,923,019 shares of the company’s stock worth $95,260,000 after purchasing an additional 631,143 shares during the last quarter. Institutional investors own 89.68% of the company’s stock.

Shares of Time Inc. (TIME) opened at 12.70 on Monday. The company’s market capitalization is $1.26 billion. The firm’s 50-day moving average price is $13.04 and its 200 day moving average price is $14.17. Time Inc. has a one year low of $11.65 and a one year high of $20.40.

Time (NYSE:TIME) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.13 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 $694.00 million for the quarter, compared to analyst estimates of $698.66 million. During the same period in the previous year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. Analysts anticipate that Time Inc. will post $1.10 earnings per share for the current year.

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Several brokerages have weighed in on TIME. BidaskClub raised Time from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, ValuEngine cut Time from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Time has an average rating of “Hold” and a consensus price target of $14.67.

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. 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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Institutional Ownership by Quarter for Time (NYSE:TIME)

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