Today’s Stock Alert: Rovi Corp (NASDAQ:TIVO): Institutional Investors Are Worried

December 1, 2016 - By Marie Mckinney   ·   0 Comments

Today's Stock Alert: Rovi Corp (NASDAQ:TIVO): Institutional Investors Are Worried

Sentiment for Rovi Corp (NASDAQ:TIVO)

Rovi Corp (NASDAQ:TIVO) institutional sentiment decreased to 0.01 in 2016 Q2. Its down -1.00, from 1.01 in 2016Q1. The ratio has dropped, as 93 funds opened new or increased positions, while 92 trimmed and sold equity positions in Rovi Corp. The funds in our partner’s database now own: 81.82 million shares, up from 77.37 million shares in 2016Q1. Also, the number of funds holding Rovi Corp in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 32 Reduced: 60 Increased: 66 New Position: 27.

TiVo Corporation, formerly Titan Technologies Corporation, is a holding company. The company has a market cap of $2.32 billion. The Company’s subsidiaries include Rovi Corporation and TiVo Inc. It has a 34.12 P/E ratio. The Company, through TiVo Inc., is engaged in providing video technology software services and cloud software-as-a-service solutions.

About 309,934 shares traded hands. TiVo Corp (NASDAQ:TIVO) has risen 16.71% since April 28, 2016 and is uptrending. It has outperformed by 10.79% the S&P500.

Analysts await TiVo Corp (NASDAQ:TIVO) to report earnings on February, 9. They expect $0.45 earnings per share, down 13.46% or $0.07 from last year’s $0.52 per share. TIVO’s profit will be $52.25M for 11.10 P/E if the $0.45 EPS becomes a reality. After $1.03 actual earnings per share reported by TiVo Corp for the previous quarter, Wall Street now forecasts -56.31% negative EPS growth.

According to Zacks Investment Research, “TiVo Corporation provides digital home entertainment services and solutions. The Company offers services which allow viewers to record and control live television, customize viewing preferences and access television shows. TiVo Corporation, formerly known as Rovi Corporation, is based in San Carlos, United States.”

Water Island Capital Llc holds 3.07% of its portfolio in TiVo Corp for 6.27 million shares. Sandell Asset Management Corp owns 1.01 million shares or 2.22% of their US portfolio. Moreover, Manikay Partners Llc has 1.03% invested in the company for 1.37 million shares. The New York-based Alpine Partners Vi Llc has invested 0.91% in the stock. Cowen Group Inc., a New York-based fund reported 1.27 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 selling transactions for $3.89 million net activity.

TiVo Corp (NASDAQ:TIVO) Ratings Coverage

Ratings analysis reveals 0 of TiVo’s analysts are positive. Out of 6 Wall Street analysts rating TiVo, 0 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $8 while the high is $16. The stock’s average target of $10.70 is -46.45% below today’s ($19.98) share price. TIVO was included in 9 notes of analysts from September 8, 2015. Barclays Capital maintained TiVo Corp (NASDAQ:TIVO) rating on Friday, December 11. Barclays Capital has “Equal-Weight” rating and $8 price target. The stock of TiVo Corp (NASDAQ:TIVO) earned “Hold” rating by Topeka Capital Markets on Monday, May 2. The company was maintained on Tuesday, September 8 by Topeka Capital Markets. Albert Fried downgraded the stock to “Market Perform” rating in Monday, May 2 report. On Wednesday, November 25 the stock rating was downgraded by Barrington Research to “Mkt Perform”. FBR Capital maintained the stock with “Mkt Perform” rating in Wednesday, September 9 report. M Partners maintained TiVo Corp (NASDAQ:TIVO) on Wednesday, November 25 with “Buy” rating. The stock of TiVo Corp (NASDAQ:TIVO) has “Outperform” rating given on Friday, September 11 by Barrington Research. M Partners downgraded the stock to “Neutral” rating in Wednesday, June 1 report.

TIVO Company Profile

TiVo Corporation, formerly Titan Technologies Corporation, is a holding company. The Company’s subsidiaries include Rovi Corporation and TiVo Inc. The Company, through TiVo Inc., is engaged in providing video technology software services and cloud software-as-a-service solutions. TiVo Inc.’s software and cloud services provide an approach for navigating content chaos by combining live, recorded, Video on Demand (VOD) content into an intuitive user interface with universal search, discovery, viewing and recording, and creating a unified viewing experience.

More notable recent TiVo Corp (NASDAQ:TIVO) news were published by: Profitconfidential.com which released: “TiVo Corp: Netflix Is the Spark Sending TIVO Stock Soaring” on November 29, 2016, also Investorplace.com with their article: “3 Stocks to Watch on Tuesday: Apple Inc. (AAPL), Tiffany & Co. (TIF) and TiVo …” published on November 29, 2016, Reuters.com published: “BRIEF-TiVo Corp says product and intellectual property agreements with Netflix …” on November 28, 2016. More interesting news about TiVo Corp (NASDAQ:TIVO) were released by: Nasdaq.com and their article: “TIVo Corp. (TIVO) Q3 Earnings Impressive, Revenues Up Y/Y” published on November 04, 2016 as well as Zacks.com‘s news article titled: “Will TiVo Corp (TIVO) Disappoint Estimates in Q3 Earnings?” with publication date: November 01, 2016.

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By Marie Mckinney

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