Mackay Shields LLC Purchases New Stake in TiVo Corp (NASDAQ:TIVO)

Mackay Shields LLC bought a new stake in TiVo Corp (NASDAQ:TIVO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,100 shares of the technology company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. QS Investors LLC lifted its holdings in shares of TiVo by 19.9% during the fourth quarter. QS Investors LLC now owns 243,241 shares of the technology company’s stock worth $2,289,000 after buying an additional 40,400 shares in the last quarter. Nomura Holdings Inc. grew its position in 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 acquiring an additional 46,409 shares during the last quarter. Geode Capital Management LLC grew its position in TiVo by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 1,453,661 shares of the technology company’s stock valued at $13,678,000 after acquiring an additional 130,648 shares during the last quarter. Magnus Financial Group LLC bought a new stake in shares of TiVo during the fourth quarter worth about $151,000. Finally, United Services Automobile Association grew its holdings in shares of TiVo by 15.7% during the fourth quarter. United Services Automobile Association now owns 32,336 shares of the technology company’s stock worth $304,000 after purchasing an additional 4,378 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

TIVO has been the topic of several research reports. BidaskClub cut TiVo from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. B. Riley set a $23.00 price objective on TiVo and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered TiVo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, ValuEngine lowered TiVo from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.67.

Shares of NASDAQ TIVO traded up $0.18 during midday trading on Friday, hitting $9.57. 946,861 shares of the stock traded hands, compared to its average volume of 838,077. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 19.14 and a beta of -0.06. TiVo Corp has a one year low of $8.73 and a one year high of $15.00. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.41.

TiVo (NASDAQ:TIVO) last announced its quarterly earnings results on Tuesday, February 26th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10). TiVo had a positive return on equity of 3.73% and a negative net margin of 50.20%. The company had revenue of $168.46 million for the quarter, compared to the consensus estimate of $173.68 million. During the same quarter last year, the company posted $0.47 EPS. The company’s quarterly revenue was down 21.4% compared to the same quarter last year. On average, equities research analysts anticipate that TiVo Corp will post 0.41 earnings per share for the current year.

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TiVo Profile

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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