Time Inc. (TIME) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can increased its position in Time Inc. (NYSE:TIME) by 4.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,427 shares of the company’s stock after buying an additional 2,259 shares during the period. Great West Life Assurance Co. Can’s holdings in Time were worth $1,146,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of Time during the fourth quarter worth about $4,221,000. Comerica Bank raised its position in shares of Time by 3.1% in the fourth quarter. Comerica Bank now owns 75,836 shares of the company’s stock worth $1,437,000 after buying an additional 2,266 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Time by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,291,876 shares of the company’s stock worth $76,611,000 after buying an additional 222,130 shares during the period. Teza Capital Management LLC acquired a new position in shares of Time during the fourth quarter worth about $258,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Time during the fourth quarter worth about $397,000. 92.79% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Time (NYSE:TIME)

Shares of Time Inc. (NYSE:TIME) opened at 13.95 on Wednesday. The stock’s 50 day moving average is $13.78 and its 200 day moving average is $17.27. The firm’s market cap is $1.39 billion. Time Inc. has a 12 month low of $11.65 and a 12 month high of $20.40.

Time (NYSE:TIME) last announced its earnings results on Wednesday, May 10th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.03. The business had revenue of $636 million for the quarter, compared to the consensus estimate of $641.85 million. Time had a negative net margin of 2.18% and a positive return on equity of 7.30%. Time’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) EPS. Equities research analysts expect that Time Inc. will post $1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.15%. Time’s dividend payout ratio is presently -23.53%.

TRADEMARK VIOLATION NOTICE: “Time Inc. (TIME) Shares Bought by Great West Life Assurance Co. Can” was first posted by Mideast Time and is the sole property of of Mideast Time. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.mideasttime.com/time-inc-time-shares-bought-by-great-west-life-assurance-co-can/1778514.html.

A number of research analysts recently issued reports on TIME shares. Stephens lowered shares of Time from an “equal weight” rating to a “sell” rating and set a $15.00 price objective for the company. in a report on Friday, February 17th. Zacks Investment Research upgraded shares of Time from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Wells Fargo & Company lowered shares of Time from an “outperform” rating to a “market perform” rating in a report on Friday, April 28th. ValuEngine lowered shares of Time from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Time from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.40.

In other Time news, Director Ronald S. Rolfe bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average price of $12.85 per share, for a total transaction of $25,700.00. Following the completion of the acquisition, the director now directly owns 32,147 shares in the company, valued at $413,088.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis J. Fitzsimons bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average price of $11.99 per share, with a total value of $35,970.00. Following the acquisition, the director now owns 30,674 shares of the company’s stock, valued at $367,781.26. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 6,000 shares of company stock valued at $74,600. 1.92% of the stock is owned by corporate insiders.

About Time

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TIME”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding TIME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Inc. (NYSE:TIME).

Receive News & Ratings for Time Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.