Ibis Capital Partners Llp buys $13,564,783 stake in Time Inc (TIME)

Time Inc (TIME) : Ibis Capital Partners Llp scooped up 200,000 additional shares in Time Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 993,757 shares of Time Inc which is valued at $13,564,783.Time Inc makes up approximately 5.39% of Ibis Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Boothbay Fund Management added TIME to its portfolio by purchasing 12,775 company shares during the most recent quarter which is valued at $174,379. Time Inc makes up approx 0.08% of Boothbay Fund Management’s portfolio.Cable Hill Partners boosted its stake in TIME in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 146 shares of Time Inc which is valued at $1,993.Cable Hill Partners boosted its stake in TIME in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 146 shares of Time Inc which is valued at $1,993. Dodge Cox sold out all of its stake in TIME during the most recent quarter. The investment firm sold 12,050 shares of TIME which is valued $164,483.Thompson Davis boosted its stake in TIME in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 185 shares of Time Inc which is valued at $2,609.

Time Inc closed down -0.09 points or -0.64% at $14.01 with 8,90,740 shares getting traded on Thursday. Post opening the session at $14.08, the shares hit an intraday low of $13.93 and an intraday high of $14.17 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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.

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