Engineers Gate Manager LP grew its stake in shares of TiVo Corp (NASDAQ:TIVO) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,988 shares of the technology company’s stock after buying an additional 11,177 shares during the period. Engineers Gate Manager LP owned approximately 0.08% of TiVo worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in TiVo during the second quarter worth about $174,000. Legal & General Group Plc boosted its holdings in TiVo by 9.8% during the first quarter. Legal & General Group Plc now owns 259,262 shares of the technology company’s stock worth $3,506,000 after buying an additional 23,100 shares during the last quarter. Kestrel Investment Management Corp bought a new position in TiVo during the second quarter worth about $7,592,000. Nisa Investment Advisors LLC bought a new position in TiVo during the second quarter worth about $565,000. Finally, B. Riley Financial Inc. bought a new position in TiVo during the second quarter worth about $381,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.
NASDAQ:TIVO opened at $11.07 on Friday. TiVo Corp has a fifty-two week low of $10.45 and a fifty-two week high of $19.48. The company has a current ratio of 3.54, a quick ratio of 3.47 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.49 billion, a PE ratio of 11.30 and a beta of -0.19.
TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.44). TiVo had a negative net margin of 4.75% and a positive return on equity of 3.06%. The business had revenue of $164.70 million for the quarter, compared to the consensus estimate of $166.85 million. During the same quarter last year, the firm earned $0.40 EPS. The company’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, equities analysts expect that TiVo Corp will post 0.66 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Wednesday, December 5th. TiVo’s dividend payout ratio (DPR) is presently 73.47%.
A number of equities analysts have issued reports on the company. BidaskClub cut TiVo from a “sell” rating to a “strong sell” rating in a report on Saturday, October 13th. B. Riley raised their target price on TiVo from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, August 27th. ValuEngine cut TiVo from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reduced their target price on TiVo from $30.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.00.
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TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.
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