Nordea Investment Management AB decreased its position in shares of TiVo Corp (NASDAQ:TIVO) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 540,114 shares of the technology company’s stock after selling 26,300 shares during the quarter. Nordea Investment Management AB owned 0.44% of TiVo worth $5,082,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC purchased a new stake in shares of TiVo during the fourth quarter worth approximately $107,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of TiVo during the fourth quarter worth approximately $117,000. Stevens Capital Management LP purchased a new stake in shares of TiVo during the third quarter worth approximately $172,000. Verition Fund Management LLC purchased a new stake in shares of TiVo during the third quarter worth approximately $181,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of TiVo during the fourth quarter worth approximately $151,000. 93.80% of the stock is owned by hedge funds and other institutional investors.
Shares of TiVo stock traded up $0.18 during trading hours on Friday, hitting $9.57. The company’s stock had a trading volume of 946,861 shares, compared to its average volume of 838,077. TiVo Corp has a twelve month low of $8.73 and a twelve month high of $15.00. The firm has a market cap of $1.20 billion, a PE ratio of 19.14 and a beta of -0.06. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.41.
Several analysts have issued reports on TIVO shares. Zacks Investment Research cut TiVo from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th. ValuEngine cut TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. BidaskClub cut TiVo from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, B. Riley set a $23.00 target price on TiVo and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.67.
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TiVo Company 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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