Mason Street Advisors LLC lifted its stake in TiVo Corp (NASDAQ:TIVO) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,080 shares of the technology company’s stock after purchasing an additional 1,594 shares during the quarter. Mason Street Advisors LLC’s holdings in TiVo were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board bought a new position in shares of TiVo in the fourth quarter valued at approximately $393,000. B. Riley Financial Inc. raised its position in shares of TiVo by 136.5% in the fourth quarter. B. Riley Financial Inc. now owns 83,179 shares of the technology company’s stock valued at $783,000 after purchasing an additional 48,007 shares during the period. Nomura Holdings Inc. raised its position in shares of TiVo by 24.4% in the fourth quarter. Nomura Holdings Inc. now owns 236,859 shares of the technology company’s stock valued at $2,231,000 after purchasing an additional 46,409 shares during the period. Norges Bank bought a new position in shares of TiVo in the fourth quarter valued at approximately $14,794,000. Finally, Magnus Financial Group LLC bought a new position in shares of TiVo in the fourth quarter valued at approximately $151,000. 93.54% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:TIVO traded down $0.11 on Wednesday, hitting $6.94. The stock had a trading volume of 825,269 shares, compared to its average volume of 1,085,507. TiVo Corp has a twelve month low of $6.61 and a twelve month high of $14.20. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $7.14. The company has a market cap of $880.55 million, a P/E ratio of 13.88 and a beta of 0.17.
TiVo (NASDAQ:TIVO) last issued its earnings results on Thursday, May 9th. The technology company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.07). TiVo had a negative net margin of 53.94% and a positive return on equity of 2.49%. The firm had revenue of $158.20 million during the quarter, compared to analyst estimates of $158.21 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, sell-side analysts forecast that TiVo Corp will post 0.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.61%. TiVo’s dividend payout ratio is 64.00%.
Several brokerages have recently issued reports on TIVO. BidaskClub downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 14th. Zacks Investment Research upgraded shares of TiVo from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research note on Wednesday, May 15th. B. Riley set a $18.00 price objective on shares of TiVo and gave the stock a “buy” rating in a research note on Thursday, June 13th. ValuEngine downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Finally, TheStreet downgraded shares of TiVo from a “c-” rating to a “d+” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. TiVo presently has an average rating of “Hold” and a consensus target price of $14.75.
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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