GSA Capital Partners LLP Buys New Holdings in TiVo Corp (TIVO)

GSA Capital Partners LLP purchased a new position in TiVo Corp (NASDAQ:TIVO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,746 shares of the technology company’s stock, valued at approximately $273,000.

Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in shares of TiVo by 13.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 838,385 shares of the technology company’s stock worth $15,636,000 after purchasing an additional 98,816 shares in the last quarter. First Trust Advisors LP grew its stake in shares of TiVo by 97.6% during the second quarter. First Trust Advisors LP now owns 61,323 shares of the technology company’s stock worth $1,144,000 after purchasing an additional 30,296 shares in the last quarter. Legal & General Group Plc grew its stake in shares of TiVo by 8.7% during the second quarter. Legal & General Group Plc now owns 232,100 shares of the technology company’s stock worth $4,325,000 after purchasing an additional 18,589 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of TiVo by 37.1% during the second quarter. Prudential Financial Inc. now owns 434,253 shares of the technology company’s stock worth $8,099,000 after purchasing an additional 117,560 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of TiVo by 0.3% during the second quarter. Principal Financial Group Inc. now owns 938,025 shares of the technology company’s stock worth $17,494,000 after purchasing an additional 2,383 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

In related news, CEO Enrique Rodriguez purchased 55,974 shares of TiVo stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $17.86 per share, with a total value of $999,695.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.57% of the stock is owned by insiders.

A number of equities analysts recently commented on TIVO shares. Zacks Investment Research downgraded shares of TiVo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 5th. 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 research note on Wednesday, December 13th. BWS Financial started coverage on shares of TiVo in a research note on Monday, January 22nd. They set a “buy” rating and a $25.00 target price for the company. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 target price on shares of TiVo in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. TiVo has an average rating of “Buy” and an average price target of $23.20.

Shares of TiVo Corp (NASDAQ TIVO) traded up $0.50 on Friday, reaching $14.35. 1,965,146 shares of the company were exchanged, compared to its average volume of 1,371,146. TiVo Corp has a 52-week low of $13.60 and a 52-week high of $21.75. The stock has a market capitalization of $1,690.00, a PE ratio of -36.79, a PEG ratio of 1.10 and a beta of -0.10. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53.

TiVo (NASDAQ:TIVO) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). TiVo had a negative net margin of 5.39% and a positive return on equity of 4.72%. The company had revenue of $197.90 million during the quarter, compared to analysts’ expectations of $190.83 million. During the same period last year, the firm earned $0.59 earnings per share. TiVo’s revenue was up 29.3% on a year-over-year basis. analysts anticipate that TiVo Corp will post 1.25 earnings per share for the current fiscal year.

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TiVo Company 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.

Institutional Ownership by Quarter for TiVo (NASDAQ:TIVO)

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