TiVo Corp (NASDAQ:TIVO) Shares Acquired by Russell Investments Group Ltd.

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Russell Investments Group Ltd. boosted its holdings in shares of TiVo Corp (NASDAQ:TIVO) by 560.3% in the 2nd quarter, Holdings Channel reports. The firm owned 249,455 shares of the technology company’s stock after buying an additional 211,676 shares during the period. Russell Investments Group Ltd.’s holdings in TiVo were worth $1,839,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Resources Investment Advisors Inc. lifted its stake in TiVo by 168.5% during the first quarter. Resources Investment Advisors Inc. now owns 3,287 shares of the technology company’s stock valued at $31,000 after purchasing an additional 2,063 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of TiVo by 806.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 9,066 shares of the technology company’s stock valued at $67,000 after acquiring an additional 8,066 shares in the last quarter. CWM Advisors LLC lifted its position in shares of TiVo by 39.7% in the 2nd quarter. CWM Advisors LLC now owns 23,725 shares of the technology company’s stock valued at $175,000 after acquiring an additional 6,745 shares in the last quarter. Hollencrest Capital Management lifted its position in shares of TiVo by 66.7% in the 1st quarter. Hollencrest Capital Management now owns 25,000 shares of the technology company’s stock valued at $233,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of TiVo by 14.9% in the 1st quarter. Advisory Services Network LLC now owns 25,599 shares of the technology company’s stock valued at $239,000 after acquiring an additional 3,310 shares in the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

TIVO stock traded up $0.01 during midday trading on Friday, reaching $7.96. The company had a trading volume of 235,709 shares, compared to its average volume of 760,277. TiVo Corp has a 1 year low of $6.61 and a 1 year high of $14.05. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.00 billion, a P/E ratio of 15.92 and a beta of 0.20. The company has a 50 day moving average of $7.72 and a two-hundred day moving average of $8.04.

TiVo (NASDAQ:TIVO) last released its earnings results on Wednesday, July 31st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. TiVo had a negative net margin of 52.02% and a positive return on equity of 3.17%. The company had revenue of $176.17 million during the quarter, compared to the consensus estimate of $162.48 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that TiVo Corp will post 0.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.08 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.32 dividend on an annualized basis and a yield of 4.02%. TiVo’s payout ratio is 64.00%.

Several brokerages recently commented on TIVO. B. Riley set a $19.00 price target on shares of TiVo and gave the company a “buy” rating in a research report on Friday, August 23rd. BidaskClub downgraded shares of TiVo from a “hold” rating to a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. TiVo has a consensus rating of “Hold” and a consensus price target of $13.63.

About TiVo

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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Institutional Ownership by Quarter for TiVo (NASDAQ:TIVO)

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