PineBridge Investments L.P. boosted its position in TiVo Corp (NASDAQ:ROVI) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,410 shares of the company’s stock after buying an additional 312 shares during the period. PineBridge Investments L.P.’s holdings in TiVo Corp were worth $163,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Aristotle Capital Boston LLC increased its position in shares of TiVo Corp by 2.1% in the first quarter. Aristotle Capital Boston LLC now owns 140,973 shares of the company’s stock worth $2,891,000 after buying an additional 2,840 shares in the last quarter. Arrowgrass Capital Partners US LP acquired a new stake in shares of TiVo Corp during the first quarter worth $5,791,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of TiVo Corp during the first quarter worth $1,691,000. Invictus RG acquired a new stake in shares of TiVo Corp during the first quarter worth $135,000. Finally, HBK Investments L P acquired a new stake in shares of TiVo Corp during the first quarter worth $10,731,000. Institutional investors and hedge funds own 98.99% of the company’s stock.
Shares of TiVo Corp (NASDAQ:ROVI) opened at 22.42 on Friday. TiVo Corp has a 12 month low of $8.01 and a 12 month high of $23.70. The stock’s market cap is $1.84 billion. The company has a 50-day moving average price of $20.01 and a 200-day moving average price of $18.58.
TiVo Corp (NASDAQ:ROVI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.08. TiVo Corp had a positive return on equity of 8.88% and a negative net margin of 3.78%. The firm earned $125.20 million during the quarter, compared to the consensus estimate of $119.31 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts expect that TiVo Corp will post $1.59 EPS for the current fiscal year.
A number of brokerages have recently weighed in on ROVI. B. Riley restated a “buy” rating and set a $31.00 price target on shares of TiVo Corp in a research note on Tuesday, September 6th. JPMorgan Chase & Co. upgraded TiVo Corp from a “neutral” rating to an “outperform” rating and set a $23.00 price target on the stock in a research note on Thursday, August 25th. Zacks Investment Research lowered TiVo Corp from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $27.00 price target (down previously from $29.00) on shares of TiVo Corp in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.00.
In other TiVo Corp news, insider Dustin Finer sold 2,391 shares of the business’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $15.70, for a total transaction of $37,538.70. Following the completion of the sale, the insider now owns 33,266 shares of the company’s stock, valued at $522,276.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Pamela A. Sergeeff sold 1,616 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $17.93, for a total value of $28,974.88. Following the sale, the executive vice president now directly owns 82,390 shares of the company’s stock, valued at approximately $1,477,252.70. The disclosure for this sale can be found here. Company 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.