Louisiana State Employees Retirement System cut its position in shares of TiVo Corp (NASDAQ:ROVI) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 36,400 shares of the company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in TiVo Corp were worth $569,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROVI. Jericho Capital Asset Management L.P. raised its position in TiVo Corp by 355.7% in the first quarter. Jericho Capital Asset Management L.P. now owns 1,330,667 shares of the company’s stock worth $27,292,000 after buying an additional 1,038,630 shares during the last quarter. HBK Investments L P purchased a new position in TiVo Corp during the first quarter worth about $10,731,000. Old Mutual Global Investors UK Ltd. raised its position in TiVo Corp by 1,869.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 513,539 shares of the company’s stock worth $8,031,000 after buying an additional 487,469 shares during the last quarter. Arrowgrass Capital Partners US LP purchased a new position in TiVo Corp during the first quarter worth about $5,791,000. Finally, Bogle Investment Management L P DE raised its position in TiVo Corp by 56.4% in the first quarter. Bogle Investment Management L P DE now owns 622,054 shares of the company’s stock worth $12,758,000 after buying an additional 224,219 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
TiVo Corp (NASDAQ:ROVI) remained flat at $22.42 during trading on Monday. The firm has a 50-day moving average of $20.01 and a 200-day moving average of $18.58. The company’s market cap is $1.84 billion. TiVo Corp has a 52 week low of $8.01 and a 52 week high of $23.70.
TiVo Corp (NASDAQ:ROVI) last issued its earnings results on Thursday, July 28th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.08. The business had revenue of $125.20 million for 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%. During the same period in the previous year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts forecast that TiVo Corp will post $1.59 EPS for the current fiscal year.
ROVI has been the subject of a number of research reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $34.00 price target on shares of TiVo Corp in a report on Friday, July 29th. B. Riley reissued a “buy” rating and issued a $31.00 price target on shares of TiVo Corp in a report on Sunday, August 28th. Zacks Investment Research raised shares of TiVo Corp from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $27.00 price target (down from $29.00) on shares of TiVo Corp in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $26.00.
In other TiVo Corp 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 value of $28,974.88. Following the transaction, the executive vice president now directly owns 82,390 shares in the company, valued at $1,477,252.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.00% of the stock is currently owned by company insiders.
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.