Jones Collombin Investment Counsel Inc Exits Position in Time Inc (TIME)

Time Inc (TIME) : Jones Collombin Investment Counsel Inc has sold out all of its stake in Time Inc during the most recent quarter, according to the disclosure filed by the company on Oct 17, 2016 with the SEC. The investment management company has sold out 32 shares of Time Inc which is valued at $424.

Other Hedge Funds, Including , American National Bank added TIME to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $27.Windward Capital Management Co Ca reduced its stake in TIME by selling 49 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 15,562 shares of TIME which is valued at $206,352. Time Inc makes up approx 0.04% of Windward Capital Management Co Ca’s portfolio.Nisa Investment Advisors reduced its stake in TIME by selling 30,000 shares or 83.7% in the most recent quarter. The Hedge Fund company now holds 5,843 shares of TIME which is valued at $78,881.Weaver C. Barksdale Associates boosted its stake in TIME in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 997 shares of Time Inc which is valued at $13,460. Time Inc makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.

Time Inc closed down -0.13 points or -0.97% at $13.26 with 5,64,162 shares getting traded on Friday. Post opening the session at $13.41, the shares hit an intraday low of $13.25 and an intraday high of $13.62 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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