Time Inc. (TIME): David Arthur Bell , director of Time Inc. purchased 5,000 shares on May 9, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.06 per share for a total value of $75,295.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, Mark Ford (EVP, Advertising) sold 4,176 shares at $14.87 per share price.On Mar 16, 2016, David Arthur Bell (director) purchased 3,400 shares at $14.76 per share price.Also, On Feb 24, 2016, Ronald S Rolfe (director) purchased 1,000 shares at $14.01 per share price.On Feb 22, 2016, John M Jr Fahey (director) purchased 1,000 shares at $14.14 per share price.
Time Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Time Inc which led to swings in the share price. The shares opened for trading at $15.3 and hit $15.51 on the upside , eventually ending the session at $15.44, with a gain of 0.85% or 0.13 points. The heightened volatility saw the trading volume jump to 12,82,911 shares. The 52-week high of the share price is $24.26 and the company has a market cap of $1,571 M . The 52-week low of the share price is at $12.2325.
Company has been under the radar of several Street Analysts.Time Inc is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 15 from a previous price target of $20 . The Rating was issued on Feb 12, 2016.Time Inc is Upgraded by Gabelli & Co to Buy and the brokerage firm has set the Price Target at $20. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Feb 12, 2016.
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.