Windward Capital Management Co Ca Lowers stake in Time Inc (TIME)

Time Inc (TIME) : Windward Capital Management Co Ca reduced its stake in Time Inc by 0.31% during the most recent quarter end. The investment management company now holds a total of 15,562 shares of Time Inc which is valued at $206,352 after selling 49 shares in Time Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Time Inc makes up approximately 0.04% of Windward Capital Management Co Ca’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants added TIME to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $8,532. Trust Asset Management sold out all of its stake in TIME during the most recent quarter. The investment firm sold 50 shares of TIME which is valued $711.Bnp Paribas Arbitrage Sa reduced its stake in TIME by selling 45,129 shares or 62.38% in the most recent quarter. The Hedge Fund company now holds 27,221 shares of TIME which is valued at $387,083.

Time Inc closed down -0.13 points or -0.97% at $13.26 with 5,64,162 shares getting traded on Friday. Post opening the session at $13.41, the shares hit an intraday low of $13.25 and an intraday high of $13.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Time Inc reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.15. The company had revenue of $769.00 million for the quarter, compared to analysts expectations of $784.33 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Time Inc. is a media company. The Company’s brands include People Sports Illustrated InStyle Time Real Simple Southern Living Entertainment Weekly Travel + Leisure Cooking Light Fortune and Food & Wine as well as approximately 50 titles in the United Kingdom such as Decanter and Horse & Hound. The Company is engaged in celebrated events and franchises including the Fortune 500 Time 100 People’s Sexiest Man Alive Sports Illustrated’s Sportsman of the Year the Food & Wine Classic in Aspen the Essence Festival and the biennial Fortune Global Forum. It also provides content marketing targeted local print and digital advertising programs book publishing and marketing and support services including subscription sales services for magazines and other products retail distribution and marketing services and customer service and fulfillment services for the Company and third-party customers including other magazine publishers.

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