Mackay Shields LLC Buys Shares of 27,100 TiVo Corp (TIVO)
Mackay Shields LLC bought a new position in shares of TiVo Corp (NASDAQ:TIVO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,100 shares of the technology company’s stock, valued at approximately $255,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. lifted its holdings in TiVo by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 29,435 shares of the technology company’s stock worth $277,000 after buying an additional 977 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in TiVo by 5.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 38,970 shares of the technology company’s stock worth $367,000 after buying an additional 1,900 shares in the last quarter. Texas Permanent School Fund lifted its holdings in TiVo by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 81,096 shares of the technology company’s stock worth $763,000 after buying an additional 3,216 shares in the last quarter. United Services Automobile Association lifted its holdings in TiVo by 15.7% during the 4th quarter. United Services Automobile Association now owns 32,336 shares of the technology company’s stock worth $304,000 after buying an additional 4,378 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in TiVo by 30.5% during the 3rd quarter. Riverhead Capital Management LLC now owns 21,387 shares of the technology company’s stock worth $266,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 93.82% of the company’s stock.
TIVO has been the topic of a number of analyst reports. BidaskClub upgraded shares of TiVo from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. ValuEngine lowered shares of TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of TiVo from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.67.
TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Tuesday, February 26th. The technology company reported ($2.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($2.61). TiVo had a negative net margin of 50.20% and a positive return on equity of 3.73%. The firm had revenue of $168.46 million during the quarter, compared to analyst estimates of $173.68 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. TiVo’s revenue for the quarter was down 21.4% compared to the same quarter last year. Equities analysts expect that TiVo Corp will post 0.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were issued a $0.18 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.81%. TiVo’s payout ratio is 144.00%.
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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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