Time Inc (TIME) Shares Sold by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. cut its stake in Time Inc (NYSE:TIME) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,114,359 shares of the company’s stock after selling 117,831 shares during the period. Schwab Charles Investment Management Inc. owned 1.12% of Time worth $20,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Voya Investment Management LLC raised its stake in shares of Time by 7.3% in the second quarter. Voya Investment Management LLC now owns 48,135 shares of the company’s stock worth $691,000 after acquiring an additional 3,289 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of Time in the third quarter worth about $104,000. First Trust Advisors LP raised its stake in shares of Time by 48.2% in the third quarter. First Trust Advisors LP now owns 16,045 shares of the company’s stock worth $217,000 after acquiring an additional 5,217 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Time by 40.9% during 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 buying an additional 7,100 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in shares of Time by 61.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 20,534 shares of the company’s stock worth $295,000 after buying an additional 7,849 shares during the period. 89.28% of the stock is owned by institutional investors.

Several brokerages have recently commented on TIME. Gabelli cut shares of Time from a “buy” rating to a “sell” rating and set a $20.00 price target for the company. in a research report on Tuesday, November 28th. ValuEngine upgraded shares of Time from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded shares of Time from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Friday, January 5th. BidaskClub upgraded shares of Time from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Citigroup cut shares of Time from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Time has an average rating of “Hold” and a consensus price target of $15.20.

Shares of Time Inc (TIME) opened at $18.50 on Tuesday. Time Inc has a 1 year low of $9.90 and a 1 year high of $19.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market cap of $1,840.00, a P/E ratio of -925.00, a PEG ratio of 2.73 and a beta of 1.06.

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Time 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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Institutional Ownership by Quarter for Time (NYSE:TIME)

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