TIAA CREF Investment Management LLC lessened its holdings in shares of TiVo Corp (NASDAQ:TIVO) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 716,401 shares of the technology company’s stock after selling 30,336 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.58% of TiVo worth $8,919,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its position in TiVo by 374.7% in the second quarter. SG Americas Securities LLC now owns 37,178 shares of the technology company’s stock valued at $500,000 after acquiring an additional 29,346 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in TiVo by 4.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,061,143 shares of the technology company’s stock valued at $14,273,000 after acquiring an additional 41,452 shares during the last quarter. BlackRock Inc. grew its position in TiVo by 2.8% in the second quarter. BlackRock Inc. now owns 16,406,549 shares of the technology company’s stock valued at $220,667,000 after acquiring an additional 445,921 shares during the last quarter. Legal & General Group Plc grew its position in TiVo by 19.5% in the second quarter. Legal & General Group Plc now owns 309,828 shares of the technology company’s stock valued at $4,183,000 after acquiring an additional 50,566 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in TiVo in the second quarter valued at about $1,308,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.
TIVO has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded TiVo from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, November 16th. BidaskClub upgraded TiVo from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, ValuEngine cut TiVo from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.50.
NASDAQ:TIVO opened at $10.96 on Monday. The stock has a market cap of $1.37 billion, a PE ratio of 11.18 and a beta of -0.19. The company has a current ratio of 3.55, a quick ratio of 3.49 and a debt-to-equity ratio of 0.55. TiVo Corp has a 1-year low of $8.73 and a 1-year high of $15.95.
TiVo (NASDAQ:TIVO) last released its quarterly earnings results 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). The firm had revenue of $164.70 million for the quarter, compared to the consensus estimate of $166.85 million. TiVo had a positive return on equity of 4.65% and a negative net margin of 5.76%. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, sell-side analysts anticipate that TiVo Corp will post 0.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend was Wednesday, December 5th. TiVo’s dividend payout ratio (DPR) is currently 73.47%.
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.
Featured Story: New Google Finance Tool and Screening Stocks