Time Inc. (NYSE:TIME) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other equities analysts have also recently weighed in on TIME. BidaskClub upgraded Time from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Wells Fargo & Company lowered Time from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. Finally, Macquarie lowered Time from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Time currently has a consensus rating of “Hold” and a consensus price target of $15.40.

Time (TIME) opened at 13.60 on Tuesday. Time has a 52-week low of $11.65 and a 52-week high of $20.40. The firm’s market capitalization is $1.35 billion. The stock’s 50 day moving average is $14.01 and its 200-day moving average is $16.22.

Time (NYSE:TIME) last issued 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 positive return on equity of 7.30% and a negative net margin of 2.18%. The company had revenue of $694 million for the quarter, compared to the consensus estimate of $698.66 million. During the same quarter last year, the business posted $0.22 EPS. Time’s quarterly revenue was down 9.8% on a year-over-year basis. Equities analysts expect that Time will post $1.18 earnings per share for the current year.

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In related news, Director Ronald S. Rolfe purchased 2,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was bought at an average price of $12.85 per share, with a total value of $25,700.00. Following the completion of the purchase, the director now owns 32,147 shares in the company, valued at approximately $413,088.95. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis J. Fitzsimons bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average cost of $11.99 per share, with a total value of $35,970.00. Following the purchase, the director now directly owns 30,674 shares of the company’s stock, valued at $367,781.26. The disclosure for this purchase can be found here. 1.92% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in Time by 1.6% in the first quarter. First Manhattan Co. now owns 7,488 shares of the company’s stock valued at $108,000 after buying an additional 118 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Time by 1.7% in the first quarter. Capstone Asset Management Co. now owns 19,030 shares of the company’s stock valued at $368,000 after buying an additional 320 shares in the last quarter. Advantus Capital Management Inc boosted its stake in Time by 3.2% in the first quarter. Advantus Capital Management Inc now owns 12,700 shares of the company’s stock valued at $246,000 after buying an additional 389 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Time by 1.0% in the first quarter. State Treasurer State of Michigan now owns 40,337 shares of the company’s stock valued at $781,000 after buying an additional 400 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Time by 2.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,570 shares of the company’s stock valued at $289,000 after buying an additional 475 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

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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