TiVo Corp (TIVO) Shares Sold by MetLife Investment Advisors LLC
MetLife Investment Advisors LLC reduced its holdings in shares of TiVo Corp (NASDAQ:TIVO) by 35.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 54,357 shares of the technology company’s stock after selling 29,792 shares during the quarter. MetLife Investment Advisors LLC’s holdings in TiVo were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors Inc. boosted its stake in shares of TiVo by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 29,435 shares of the technology company’s stock worth $277,000 after acquiring an additional 977 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of TiVo by 5.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 38,970 shares of the technology company’s stock worth $367,000 after acquiring an additional 1,900 shares during the period. Texas Permanent School Fund boosted its stake in shares of TiVo by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 81,096 shares of the technology company’s stock worth $763,000 after acquiring an additional 3,216 shares during the period. United Services Automobile Association boosted its stake in shares of TiVo by 15.7% during the 4th quarter. United Services Automobile Association now owns 32,336 shares of the technology company’s stock worth $304,000 after acquiring an additional 4,378 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in shares of TiVo by 30.5% during the 3rd quarter. Riverhead Capital Management LLC now owns 21,387 shares of the technology company’s stock worth $266,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 93.82% of the company’s stock.
Several research analysts have recently commented on TIVO shares. BidaskClub upgraded TiVo from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Zacks Investment Research downgraded TiVo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, ValuEngine downgraded TiVo from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.67.
TiVo (NASDAQ:TIVO) last released its quarterly earnings results on Tuesday, February 26th. The technology company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10). The firm had revenue of $168.46 million for the quarter, compared to analyst estimates of $173.68 million. TiVo had a positive return on equity of 3.73% and a negative net margin of 50.20%. The business’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. As a group, equities research analysts forecast that TiVo Corp will post 0.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, March 11th. This represents a $0.72 annualized dividend and a yield of 7.55%. TiVo’s payout ratio is currently 144.00%.
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TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.
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