Time Inc (TIME) : Rex Capital Advisors has sold out all of its stake in Time Inc during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 11,762 shares of Time Inc which is valued at $164,668.
Other Hedge Funds, Including , Laurion Capital Management Lp sold out all of its stake in TIME during the most recent quarter. The investment firm sold 66,962 shares of TIME which is valued $937,468.Garcia Hamilton Associates Lpde reduced its stake in TIME by selling 94 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 52,496 shares of TIME which is valued at $734,944. Time Inc makes up approx 0.43% of Garcia Hamilton Associates Lpde’s portfolio.Bessemer Group Inc reduced its stake in TIME by selling 1,781 shares or 94.08% in the most recent quarter. The Hedge Fund company now holds 112 shares of TIME which is valued at $1,568. Old Mutual Global Investors (uk) Ltd. added TIME to its portfolio by purchasing 11,708 company shares during the most recent quarter which is valued at $180,772. Us Financial Advisors sold out all of its stake in TIME during the most recent quarter. The investment firm sold 276 shares of TIME which is valued $4,261.
Time Inc opened for trading at $14.78 and hit $15.1 on the upside on Wednesday, eventually ending the session at $15.03, with a gain of 2.18% or 0.32 points. The heightened volatility saw the trading volume jump to 11,41,613 shares. Company has a market cap of $1,530 M.
On the company’s financial health, Time Inc reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.16. The company had revenue of $690.00 million for the quarter, compared to analysts expectations of $675.39 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.
Many Wall Street Analysts have commented on Time Inc. Macquarie Initiated Time Inc on May 19, 2016 to “Outperform”, Price Target of the shares are set at $17.
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.