Time Inc. (NYSE:TIME) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also issued reports on TIME. ValuEngine lowered shares of Time from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Macquarie lowered shares of Time from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Thursday, June 15th. Finally, Zacks Investment Research lowered shares of Time from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.40.

Time (NYSE:TIME) opened at 12.55 on Wednesday. Time has a 12 month low of $11.65 and a 12 month high of $20.40. The company has a 50 day moving average price of $13.12 and a 200 day moving average price of $14.97. The stock’s market capitalization is $1.25 billion.

Time (NYSE:TIME) last issued its earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The company had revenue of $694.00 million for the quarter, compared to analyst estimates of $698.66 million. Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. Equities research analysts predict that Time will post $1.10 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Time in the 1st quarter valued at $104,000. Shelton Capital Management acquired a new stake in shares of Time in the 2nd quarter valued at $144,000. Riverhead Capital Management LLC lifted its stake in shares of Time by 84.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,343 shares of the company’s stock valued at $148,000 after purchasing an additional 4,743 shares during the last quarter. Flinton Capital Management LLC lifted its stake in shares of Time by 84.9% in the 2nd quarter. Flinton Capital Management LLC now owns 10,438 shares of the company’s stock valued at $150,000 after purchasing an additional 4,794 shares during the last quarter. Finally, Balter Liquid Alternatives LLC acquired a new stake in shares of Time in the 2nd quarter valued at $156,000. 90.06% of the stock is owned by institutional investors and hedge funds.

About Time

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.

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