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

Several other equities research analysts also recently commented on the stock. ValuEngine downgraded shares of Time from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Time from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Macquarie downgraded shares of Time from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Time presently has a consensus rating of “Hold” and an average target price of $14.67.

Shares of Time (NYSE TIME) opened at 12.65 on Tuesday. The firm has a 50-day moving average of $12.98 and a 200 day moving average of $14.36. The stock’s market capitalization is $1.26 billion. Time has a 1-year low of $11.65 and a 1-year high of $20.40.

Time (NYSE:TIME) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $694.00 million during the quarter, compared to analysts’ expectations of $698.66 million. Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. On average, equities analysts anticipate that Time will post $1.10 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Time in the 2nd quarter valued at approximately $342,000. Piedmont Investment Advisors LLC acquired a new position in Time in the 2nd quarter valued at approximately $309,000. Fairpointe Capital LLC increased its stake in Time by 7.9% in the 2nd quarter. Fairpointe Capital LLC now owns 10,582,963 shares of the company’s stock valued at $151,866,000 after buying an additional 779,303 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Time in the 2nd quarter valued at approximately $4,440,000. Finally, Cubist Systematic Strategies LLC increased its stake in Time by 61.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 20,534 shares of the company’s stock valued at $295,000 after buying an additional 7,849 shares during the period. Hedge funds and other institutional investors own 90.06% 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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