Time Inc (TIME) : Parametrica Management Ltd added new position in Time Inc during the most recent quarter end. The investment management firm now holds 27,497 shares of Time Inc which is valued at $368,185 , the company said in a statement filed on Oct 13, 2016 with the SEC.Time Inc makes up approximately 1.04% of Parametrica Management Ltd’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in TIME by selling 1,259 shares or 48.05% in the most recent quarter. The Hedge Fund company now holds 1,361 shares of TIME which is valued at $18,768.Carroll Financial Associates reduced its stake in TIME by selling 1 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 63 shares of TIME which is valued at $869.Bnp Paribas Arbitrage Sa reduced its stake in TIME by selling 45,129 shares or 62.38% in the most recent quarter. The Hedge Fund company now holds 27,221 shares of TIME which is valued at $387,083. Trust Asset Management sold out all of its stake in TIME during the most recent quarter. The investment firm sold 50 shares of TIME which is valued $711.
Time Inc closed down -0.29 points or -2.10% at $13.5 with 5,98,032 shares getting traded on Tuesday. Post opening the session at $13.79, the shares hit an intraday low of $13.325 and an intraday high of $13.79 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.