TiVo Corporation (TIVO) Shares Sold by Stevens Capital Management LP
Stevens Capital Management LP lessened its stake in shares of TiVo Corporation (NASDAQ:TIVO) by 53.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,484 shares of the technology company’s stock after selling 15,746 shares during the quarter. Stevens Capital Management LP’s holdings in TiVo Corporation were worth $251,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in TiVo Corporation by 156.6% in the 1st quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after acquiring an additional 3,849 shares during the period. PNC Financial Services Group Inc. lifted its position in TiVo Corporation by 25.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,433 shares during the last quarter. Creative Planning lifted its position in TiVo Corporation by 83.8% during the second quarter. Creative Planning now owns 7,137 shares of the technology company’s stock worth $133,000 after acquiring an additional 3,253 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of TiVo Corporation by 23.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,351 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,946 shares during the period. Finally, Bbva Compass Bancshares Inc. grew its position in shares of TiVo Corporation by 1.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock valued at $198,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 89.00% of the company’s stock.
TiVo Corporation (NASDAQ TIVO) opened at 19.85 on Monday. The stock has a 50 day moving average price of $18.43 and a 200 day moving average price of $18.39. TiVo Corporation has a 52 week low of $15.15 and a 52 week high of $22.05. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 109.67 and a beta of 0.18.
TiVo Corporation (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.20. The firm had revenue of $208.60 million during the quarter, compared to analyst estimates of $192.72 million. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The business’s revenue for the quarter was up 66.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. On average, equities analysts forecast that TiVo Corporation will post $0.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, September 6th. TiVo Corporation’s dividend payout ratio is 240.00%.
Several research firms recently weighed in on TIVO. Jefferies Group LLC reissued a “buy” rating and set a $18.00 price target on shares of TiVo Corporation in a report on Thursday, September 21st. B. Riley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of TiVo Corporation in a report on Wednesday, June 14th. Cowen and Company reiterated an “outperform” rating and set a $30.00 price objective on shares of TiVo Corporation in a research report on Wednesday, June 28th. Zacks Investment Research downgraded TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine downgraded TiVo Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. TiVo Corporation presently has a consensus rating of “Buy” and an average target price of $26.17.
In other TiVo Corporation news, insider Dustin Finer sold 2,369 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $18.15, for a total value of $42,997.35. Following the transaction, the insider now directly owns 53,405 shares in the company, valued at approximately $969,300.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.57% of the stock is currently owned by company insiders.
About TiVo Corporation
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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