Tower Research Capital LLC TRC increased its position in Rovi Corp. (NASDAQ:TIVO) by 1,191.9% during the second quarter, Holdings Channel reports. The fund owned 16,343 shares of the company’s stock after buying an additional 15,078 shares during the period. Tower Research Capital LLC TRC’s holdings in Rovi Corp. were worth $162,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the company. Glenmede Trust Co. NA boosted its stake in Rovi Corp. by 0.3% in the first quarter. Glenmede Trust Co. NA now owns 52,767 shares of the company’s stock valued at $501,000 after buying an additional 148 shares in the last quarter. Algert Global LLC acquired a new stake in Rovi Corp. during the first quarter valued at about $766,000. Spark Investment Management LLC boosted its stake in Rovi Corp. by 3.9% in the first quarter. Spark Investment Management LLC now owns 620,500 shares of the company’s stock valued at $5,900,000 after buying an additional 23,100 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Rovi Corp. during the first quarter valued at about $190,000. Finally, Quadrature Capital Ltd acquired a new stake in Rovi Corp. during the first quarter valued at about $623,000. Institutional investors and hedge funds own 81.51% of the company’s stock.
Rovi Corp. (NASDAQ:TIVO) opened at 19.33 on Thursday. The stock’s market capitalization is $1.59 billion. The stock has a 50 day moving average price of $20.96 and a 200-day moving average price of $18.42. Rovi Corp. has a one year low of $8.01 and a one year high of $23.70.
TIVO has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and set a $13.25 target price on shares of Rovi Corp. in a research report on Thursday, September 8th. Jefferies Group reissued a “buy” rating and set a $18.00 price target on shares of Rovi Corp. in a research note on Monday, August 15th. Finally, Albert Fried & Company reissued a “hold” rating on shares of Rovi Corp. in a research note on Sunday, September 11th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.80.
In related news, EVP Pamela A. Sergeeff sold 2,324 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $21.64, for a total value of $50,291.36. Following the transaction, the executive vice president now directly owns 80,066 shares in the company, valued at $1,732,628.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew Zinn sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $10.95, for a total value of $602,250.00. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.
Rovi Corp. Company Profile
TiVo Inc (TiVo) is a provider of video technology software services and cloud-based software-as-a-service solutions. The Company’s software and cloud-based services provide an all-in-one approach for navigating content chaos by combining live, recorded, Video on demand (VOD) and over-the-top content into an intuitive user interface with search, discovery, viewing and recording, creating a unified viewing experience.
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