Emerald Acquisition Ltd. acquired a new position in shares of TiVo Corp (NASDAQ:ROVI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 107,172 shares of the company’s stock, valued at approximately $1,676,000. Emerald Acquisition Ltd. owned 0.13% of TiVo Corp at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROVI. BlackRock Inc. raised its position in shares of TiVo Corp by 1.7% in the first quarter. BlackRock Inc. now owns 6,011 shares of the company’s stock worth $123,000 after buying an additional 100 shares during the last quarter. Invictus RG purchased a new position in shares of TiVo Corp during the first quarter worth approximately $135,000. Advisory Services Network LLC raised its position in shares of TiVo Corp by 58.6% in the second quarter. Advisory Services Network LLC now owns 9,200 shares of the company’s stock worth $144,000 after buying an additional 3,400 shares during the last quarter. Seven Eight Capital LLC purchased a new position in shares of TiVo Corp during the first quarter worth approximately $166,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of TiVo Corp during the first quarter worth approximately $235,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
TiVo Corp (NASDAQ:ROVI) remained flat at $22.42 on Monday. The firm’s market capitalization is $1.84 billion. TiVo Corp has a 12-month low of $8.01 and a 12-month high of $23.70. The firm’s 50 day moving average is $20.01 and its 200-day moving average is $18.58.
TiVo Corp (NASDAQ:ROVI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. The company earned $125.20 million during the quarter, compared to the consensus estimate of $119.31 million. TiVo Corp had a negative net margin of 3.78% and a positive return on equity of 8.88%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. On average, equities analysts expect that TiVo Corp will post $1.59 earnings per share for the current year.
Several research firms have recently issued reports on ROVI. B. Riley restated a “buy” rating and issued a $31.00 price target on shares of TiVo Corp in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. restated a “buy” rating and issued a $34.00 price target on shares of TiVo Corp in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.00.
In other news, EVP Pamela A. Sergeeff sold 1,616 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $17.93, for a total transaction of $28,974.88. Following the completion of the transaction, the executive vice president now directly owns 82,390 shares in the company, valued at $1,477,252.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dustin Finer sold 2,391 shares of the company’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $15.70, for a total transaction of $37,538.70. Following the transaction, the insider now owns 33,266 shares of the company’s stock, valued at $522,276.20. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.
TiVo Corp Company Profile
TiVo Corporation, formerly Titan Technologies Corporation, is a holding company. The Company’s subsidiaries include Rovi Corporation and TiVo Inc The Company, through TiVo Inc, is engaged in providing video technology software services and cloud-based software-as-a-service solutions. TiVo Inc’s software and cloud-based services provide an approach for navigating content chaos by combining live, recorded, Video on Demand (VOD) content into an intuitive user interface with universal search, discovery, viewing and recording, and creating a unified viewing experience.
Want to see what other hedge funds are holding ROVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TiVo Corp (NASDAQ:ROVI).
Receive News & Ratings for TiVo Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo Corp and related companies with MarketBeat.com's FREE daily email newsletter.