Metropolitan Life Insurance Co. NY Lowers Position in TiVo Corp (TIVO)

Metropolitan Life Insurance Co. NY decreased its position in shares of TiVo Corp (NASDAQ:TIVO) by 7.7% during the fourth quarter, Holdings Channel reports. The fund owned 79,460 shares of the company’s stock after selling 6,609 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in TiVo Corp were worth $1,661,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new stake in TiVo Corp during the fourth quarter worth about $111,000. Tyers Asset Management LLC acquired a new stake in TiVo Corp during the fourth quarter worth about $111,000. Flinton Capital Management LLC acquired a new stake in TiVo Corp during the fourth quarter worth about $134,000. Ellington Management Group LLC acquired a new stake in TiVo Corp during the fourth quarter worth about $219,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in TiVo Corp during the fourth quarter worth about $280,000. 98.99% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for TiVo Corp (NASDAQ:TIVO)

Shares of TiVo Corp (NASDAQ:TIVO) opened at 18.30 on Tuesday. TiVo Corp has a 52 week low of $15.06 and a 52 week high of $23.40. The stock has a market cap of $2.16 billion, a P/E ratio of 52.14 and a beta of 0.84. The stock has a 50 day moving average of $18.86 and a 200 day moving average of $20.09.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.72 dividend on an annualized basis and a yield of 3.93%.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of TiVo Corp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, February 14th. B. Riley reaffirmed a “buy” rating and set a $31.00 price target on shares of TiVo Corp in a research note on Monday, November 28th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $34.00 price target on shares of TiVo Corp in a research note on Wednesday, November 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.94.

TiVo Corp 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.

5 Day Chart for NASDAQ:TIVO

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