Time Inc. (TIME) Rating Increased to Buy at ValuEngine
Time Inc. (NYSE:TIME) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Other research analysts also recently issued reports about the company. BidaskClub downgraded Time from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, Morgan Stanley dropped their price target on Time from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.80.
Time (NYSE:TIME) opened at $16.40 on Thursday. Time has a 52 week low of $9.90 and a 52 week high of $20.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market capitalization of $1,610.00, a P/E ratio of 11.79, a P/E/G ratio of 2.39 and a beta of 0.67.
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Institutional investors and hedge funds have recently modified their holdings of the business. Shell Asset Management Co. bought a new stake in Time during the 3rd quarter worth approximately $104,000. Shelton Capital Management bought a new stake in Time during the 2nd quarter worth approximately $144,000. Riverhead Capital Management LLC increased its holdings in Time by 84.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,343 shares of the company’s stock worth $148,000 after purchasing an additional 4,743 shares in the last quarter. Flinton Capital Management LLC increased its holdings in Time by 84.9% during the 2nd quarter. Flinton Capital Management LLC now owns 10,438 shares of the company’s stock worth $150,000 after purchasing an additional 4,794 shares in the last quarter. Finally, Balter Liquid Alternatives LLC bought a new position in shares of Time in the second quarter valued at approximately $156,000. 88.84% of the stock is 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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