Cornercap Investment Counsel Inc. grew its holdings in TiVo Corp (NASDAQ:TIVO) by 151.1% during the fourth quarter, Holdings Channel reports. The firm owned 97,760 shares of the technology company’s stock after acquiring an additional 58,820 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in TiVo were worth $1,525,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG raised its holdings in shares of TiVo by 25.1% in the fourth quarter. Deutsche Bank AG now owns 505,115 shares of the technology company’s stock valued at $7,878,000 after purchasing an additional 101,488 shares during the last quarter. Jefferies Group LLC raised its holdings in shares of TiVo by 337.3% in the fourth quarter. Jefferies Group LLC now owns 142,010 shares of the technology company’s stock valued at $2,215,000 after purchasing an additional 109,535 shares during the last quarter. Kamunting Street Capital Management L.P. raised its holdings in shares of TiVo by 400.0% in the fourth quarter. Kamunting Street Capital Management L.P. now owns 100,000 shares of the technology company’s stock valued at $1,560,000 after purchasing an additional 80,000 shares during the last quarter. AMP Capital Investors Ltd acquired a new stake in shares of TiVo in the fourth quarter valued at approximately $192,000. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of TiVo in the fourth quarter valued at approximately $1,212,000. Institutional investors own 91.23% of the company’s stock.
A number of equities analysts recently weighed in on the stock. B. Riley downgraded shares of TiVo from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $24.00 to $18.00 in a report on Wednesday, December 13th. Zacks Investment Research upgraded shares of TiVo from a “strong sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, BWS Financial assumed coverage on shares of TiVo in a report on Wednesday, February 28th. They set a “buy” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. TiVo currently has an average rating of “Buy” and a consensus target price of $23.50.
TiVo (NASDAQ:TIVO) last issued its earnings results on Tuesday, February 27th. The technology company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $214.24 million for the quarter, compared to analyst estimates of $212.24 million. TiVo had a positive return on equity of 4.02% and a negative net margin of 4.59%. analysts anticipate that TiVo Corp will post 1.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.72 dividend on an annualized basis and a yield of 4.82%. TiVo’s payout ratio is 218.18%.
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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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