Aristotle Capital Boston LLC increased its position in shares of TiVo Corp (NASDAQ:TIVO) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 409,740 shares of the technology company’s stock after purchasing an additional 43,677 shares during the quarter. Aristotle Capital Boston LLC owned 0.33% of TiVo worth $5,101,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in TiVo during the second quarter worth $143,000. Stone Ridge Asset Management LLC bought a new stake in TiVo in the third quarter valued at $162,000. Bbva Compass Bancshares Inc. bought a new stake in TiVo in the second quarter valued at $168,000. Stevens Capital Management LP bought a new stake in TiVo in the third quarter valued at $172,000. Finally, Trexquant Investment LP bought a new stake in TiVo in the second quarter valued at $188,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.
TIVO has been the topic of a number of recent research reports. B. Riley raised their target price on TiVo from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, August 27th. BidaskClub cut TiVo from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. 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 note on Friday, November 16th. Finally, ValuEngine upgraded TiVo from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.50.
Shares of TIVO opened at $9.75 on Monday. The firm has a market cap of $1.21 billion, a PE ratio of 9.95 and a beta of -0.25. 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 one year low of $9.43 and a one year high of $16.20.
TiVo (NASDAQ:TIVO) last issued its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.44). The business had revenue of $164.70 million for the quarter, compared to analyst estimates of $166.85 million. TiVo had a negative net margin of 5.76% and a positive return on equity of 4.65%. TiVo’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same period last year, the business posted $0.40 earnings per share. Sell-side analysts anticipate that TiVo Corp will post 0.75 EPS for the current year.
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Wednesday, December 5th. TiVo’s dividend payout ratio (DPR) is 73.47%.
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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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