TiVo Corp (TIVO) Stake Decreased by Hollencrest Capital Management
Hollencrest Capital Management trimmed its stake in shares of TiVo Corp (NASDAQ:TIVO) by 21.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,000 shares of the technology company’s stock after selling 4,000 shares during the quarter. Hollencrest Capital Management’s holdings in TiVo were worth $234,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in TIVO. Teachers Advisors LLC lifted its position in shares of TiVo by 422.1% during the 2nd quarter. Teachers Advisors LLC now owns 1,076,095 shares of the technology company’s stock valued at $20,069,000 after acquiring an additional 869,972 shares during the period. Neuberger Berman Group LLC lifted its position in shares of TiVo by 9.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,627,610 shares of the technology company’s stock valued at $52,158,000 after acquiring an additional 232,034 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of TiVo by 68.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 553,601 shares of the technology company’s stock valued at $10,325,000 after acquiring an additional 224,729 shares during the period. Northern Trust Corp lifted its position in shares of TiVo by 9.5% during the 2nd quarter. Northern Trust Corp now owns 2,258,542 shares of the technology company’s stock valued at $42,121,000 after acquiring an additional 195,644 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of TiVo by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock valued at $207,547,000 after acquiring an additional 182,567 shares during the period. Hedge funds and other institutional investors own 90.25% of the company’s stock.
In other TiVo news, CEO Enrique Rodriguez purchased 55,974 shares of the stock in a transaction dated Friday, December 1st. The stock was bought at an average price of $17.86 per share, with a total value of $999,695.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.57% of the stock is currently owned by insiders.
TiVo (NASDAQ:TIVO) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). TiVo had a positive return on equity of 4.72% and a negative net margin of 5.39%. The business had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. During the same period last year, the firm posted $0.59 EPS. TiVo’s quarterly revenue was up 29.3% on a year-over-year basis. research analysts expect that TiVo Corp will post 1.25 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TIVO shares. ValuEngine upgraded TiVo from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. B. Riley reiterated a “buy” rating and set a $31.00 target price on shares of TiVo in a research report on Monday, October 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 target price on shares of TiVo in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded TiVo from a “hold” rating to a “strong sell” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. TiVo presently has an average rating of “Buy” and an average price target of $22.75.
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TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.
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