First Mercantile Trust Co. reduced its position in shares of TiVo Corp (NASDAQ:TIVO) by 12.7% in the fourth quarter, HoldingsChannel reports. The firm owned 30,154 shares of the technology company’s stock after selling 4,391 shares during the period. First Mercantile Trust Co.’s holdings in TiVo were worth $470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in TiVo by 17.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock valued at $155,000 after purchasing an additional 1,239 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in TiVo by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock valued at $209,000 after purchasing an additional 856 shares in the last quarter. Flinton Capital Management LLC boosted its stake in TiVo by 73.7% during the 2nd quarter. Flinton Capital Management LLC now owns 11,458 shares of the technology company’s stock valued at $214,000 after purchasing an additional 4,862 shares in the last quarter. Shelton Capital Management boosted its stake in TiVo by 7.4% during the 2nd quarter. Shelton Capital Management now owns 12,011 shares of the technology company’s stock valued at $224,000 after purchasing an additional 824 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of TiVo during the 4th quarter worth $235,000. 90.10% of the stock is owned by hedge funds and other institutional investors.

TIVO has been the subject of several research reports. B. Riley reissued a “buy” rating and set a $31.00 price objective on shares of TiVo in a research note on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating and set a $25.00 price objective on shares of TiVo in a research note on Friday, November 3rd. Zacks Investment Research lowered TiVo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 5th. Finally, BWS Financial initiated coverage on TiVo in a research note on Monday, January 22nd. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $23.20.

In related news, CEO Enrique Rodriguez acquired 55,974 shares of TiVo stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $17.86 per share, with a total value of $999,695.64. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.57% of the company’s stock.

Shares of TiVo Corp (TIVO) opened at $13.15 on Friday. The firm has a market capitalization of $1,623.32, a price-to-earnings ratio of 17.97, a PEG ratio of 1.05 and a beta of -0.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38. TiVo Corp has a one year low of $12.75 and a one year high of $21.75.

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TiVo Profile

TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.

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Institutional Ownership by Quarter for TiVo (NASDAQ:TIVO)

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