SG Americas Securities LLC reduced its position in shares of TiVo Corp (NASDAQ:TIVO) by 48.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,832 shares of the technology company’s stock after selling 7,484 shares during the period. SG Americas Securities LLC’s holdings in TiVo were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in TIVO. Schwab Charles Investment Management Inc. lifted its holdings in TiVo by 3.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 948,274 shares of the technology company’s stock worth $14,794,000 after purchasing an additional 31,005 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in TiVo during the 4th quarter worth approximately $657,000. California Public Employees Retirement System lifted its holdings in TiVo by 2.8% during the 4th quarter. California Public Employees Retirement System now owns 300,784 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 8,100 shares during the last quarter. Swiss National Bank lifted its holdings in TiVo by 5.8% during the 4th quarter. Swiss National Bank now owns 211,213 shares of the technology company’s stock worth $3,295,000 after purchasing an additional 11,600 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in TiVo by 70.2% during the 4th quarter. Sei Investments Co. now owns 331,291 shares of the technology company’s stock worth $5,169,000 after purchasing an additional 136,590 shares during the last quarter. 91.67% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on TIVO shares. BidaskClub raised TiVo from a “strong sell” rating to a “sell” rating in a report on Saturday, April 7th. ValuEngine cut TiVo from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut TiVo from a “hold” rating to a “strong sell” rating in a report on Thursday, May 3rd. BWS Financial started coverage on TiVo in a report on Wednesday, February 28th. They set a “buy” rating and a $25.00 price target for the company. Finally, B. Riley lifted their price target on TiVo from $18.00 to $19.50 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.50.
TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Thursday, May 10th. The technology company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). The company had revenue of $189.80 million during the quarter, compared to analyst estimates of $195.72 million. TiVo had a negative net margin of 2.59% and a positive return on equity of 4.09%. TiVo’s revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. equities research analysts forecast that TiVo Corp will post 0.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Wednesday, June 6th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, June 5th. This represents a $0.72 annualized dividend and a yield of 4.97%. TiVo’s dividend payout ratio is presently 73.47%.
TiVo Company Profile
TiVo Corporation provides entertainment technology and audience insights worldwide. Its Intellectual Property Licensing segment licenses its patent portfolio to multi-channel video service providers, including cable, satellite, and Internet-protocol television providers; set-top box manufacturers; and interactive television software and program guide providers in the online, over-the-top (OTT) video, and mobile phone businesses, as well as consumer electronics (CE) manufacturers.
Want to see what other hedge funds are holding TIVO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TiVo Corp (NASDAQ:TIVO).
Receive News & Ratings for TiVo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo and related companies with MarketBeat.com's FREE daily email newsletter.