State of Tennessee Treasury Department lessened its holdings in Time Inc (NYSE:TIME) by 11.9% in the 4th quarter, HoldingsChannel reports. The fund owned 78,522 shares of the company’s stock after selling 10,567 shares during the period. State of Tennessee Treasury Department’s holdings in Time were worth $1,449,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Trust Advisors LP boosted its holdings in 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 in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Time by 111.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,283 shares of the company’s stock worth $190,000 after acquiring an additional 5,427 shares in the last quarter. Aperio Group LLC boosted its holdings in Time by 22.1% in the fourth quarter. Aperio Group LLC now owns 31,896 shares of the company’s stock worth $588,000 after acquiring an additional 5,773 shares in the last quarter. Swiss National Bank boosted its holdings in Time by 4.1% in the fourth quarter. Swiss National Bank now owns 169,658 shares of the company’s stock worth $3,130,000 after acquiring an additional 6,700 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Time by 32.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 32,370 shares of the company’s stock worth $437,000 after purchasing an additional 7,900 shares during the period. 89.28% of the stock is owned by institutional investors and hedge funds.
Shares of Time Inc (TIME) opened at $18.50 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88. Time Inc has a twelve month low of $9.90 and a twelve month high of $19.70. The company has a market capitalization of $1,840.00, a PE ratio of -925.00, a P/E/G ratio of 2.73 and a beta of 1.06.
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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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