Frontier Capital Management Co. LLC trimmed its position in shares of TiVo Corp (NASDAQ:TIVO) by 2.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,388,562 shares of the technology company’s stock after selling 92,800 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in TiVo were worth $42,188,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can bought a new stake in TiVo during the second quarter worth about $143,000. Bbva Compass Bancshares Inc. acquired a new position in shares of TiVo during the second quarter worth approximately $168,000. Fox Run Management L.L.C. acquired a new position in shares of TiVo during the second quarter worth approximately $174,000. Advisory Services Network LLC lifted its position in shares of TiVo by 123.7% during the second quarter. Advisory Services Network LLC now owns 15,214 shares of the technology company’s stock worth $186,000 after purchasing an additional 8,414 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of TiVo during the second quarter worth approximately $188,000. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
TIVO has been the topic of a number of research reports. BidaskClub upgraded shares of TiVo from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. JPMorgan Chase & Co. reduced their target price on shares of TiVo from $30.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, August 9th. ValuEngine upgraded shares of TiVo from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded shares of TiVo from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, B. Riley upped their target price on shares of TiVo from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. TiVo has an average rating of “Hold” and a consensus price target of $22.75.
Shares of NASDAQ TIVO opened at $11.82 on Friday. TiVo Corp has a fifty-two week low of $10.46 and a fifty-two week high of $19.48. The company has a market capitalization of $1.37 billion, a P/E ratio of 12.06 and a beta of -0.52. The company has a current ratio of 3.54, a quick ratio of 3.47 and a debt-to-equity ratio of 0.54.
TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. TiVo had a negative net margin of 4.75% and a positive return on equity of 3.06%. The business had revenue of $172.86 million for the quarter, compared to analyst estimates of $178.36 million. Research analysts predict that TiVo Corp will post 0.66 EPS for the current fiscal year.
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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