Engineers Gate Manager LP Takes Position in Time Inc (TIME)
Engineers Gate Manager LP bought a new stake in shares of Time Inc (NYSE:TIME) during the fourth quarter, Holdings Channel reports. The institutional investor bought 29,251 shares of the company’s stock, valued at approximately $540,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Voya Investment Management LLC lifted its stake in shares of Time by 7.3% during the 2nd quarter. Voya Investment Management LLC now owns 48,135 shares of the company’s stock valued at $691,000 after buying an additional 3,289 shares in the last quarter. Shell Asset Management Co. purchased a new stake in Time in the 3rd quarter worth $104,000. Flinton Capital Management LLC lifted its stake in Time by 84.9% in 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. First Trust Advisors LP lifted its stake in Time by 48.2% in the 3rd quarter. First Trust Advisors LP now owns 16,045 shares of the company’s stock worth $217,000 after purchasing an additional 5,217 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Time by 40.9% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 24,470 shares of the company’s stock worth $351,000 after purchasing an additional 7,100 shares in the last quarter. Institutional investors own 89.28% of the company’s stock.
Shares of Time Inc (NYSE:TIME) opened at $18.50 on Wednesday. The company has a market cap of $1,840.00, a price-to-earnings ratio of -925.00, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06. Time Inc has a one year low of $9.90 and a one year high of $19.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.88.
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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. The Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, and Travel + Leisure, as well as approximately 50 titles in the United Kingdom.
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