Traders Buy Large Volume of Call Options on TiVo Corporation (TIVO)

TiVo Corporation (NASDAQ:TIVO) was the recipient of unusually large options trading on Wednesday. Stock investors bought 928 call options on the company. This represents an increase of approximately Infinity compared to the average volume of 0 call options.

In related news, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the completion of the transaction, the executive vice president now owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dustin Finer sold 2,369 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $18.15, for a total value of $42,997.35. Following the completion of the transaction, the insider now directly owns 53,405 shares of the company’s stock, valued at approximately $969,300.75. The disclosure for this sale can be found here. Insiders sold 17,397 shares of company stock worth $343,557 in the last 90 days. Company insiders own 3.57% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in TiVo Corporation by 62,480.7% during the first quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock valued at $280,814,000 after purchasing an additional 14,952,875 shares during the period. BNP Paribas Arbitrage SA grew its holdings in TiVo Corporation by 33.5% during the second quarter. BNP Paribas Arbitrage SA now owns 40,308 shares of the technology company’s stock valued at $752,000 after purchasing an additional 10,105 shares during the period. Legal & General Group Plc grew its holdings in TiVo Corporation by 8.7% during the second quarter. Legal & General Group Plc now owns 232,100 shares of the technology company’s stock valued at $4,325,000 after purchasing an additional 18,589 shares during the period. TSP Capital Management Group LLC grew its holdings in TiVo Corporation by 3.6% during the second quarter. TSP Capital Management Group LLC now owns 145,800 shares of the technology company’s stock valued at $2,719,000 after purchasing an additional 5,000 shares during the period. Finally, Kirr Marbach & Co. LLC IN acquired a new position in TiVo Corporation during the second quarter valued at approximately $349,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.

TiVo Corporation (TIVO) opened at $17.30 on Friday. The firm has a market cap of $2,190.87, a P/E ratio of 24.26 and a beta of 0.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.57 and a quick ratio of 2.51.

TiVo Corporation (NASDAQ:TIVO) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.07). The firm had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. TiVo Corporation had a negative net margin of 5.39% and a positive return on equity of 4.69%. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. research analysts anticipate that TiVo Corporation will post -0.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, December 5th. TiVo Corporation’s dividend payout ratio is currently -184.62%.

A number of equities analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $31.00 price target on shares of TiVo Corporation in a report on Monday, October 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a report on Thursday, September 21st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 price target on shares of TiVo Corporation in a report on Friday. ValuEngine raised TiVo Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Cowen and Company reissued a “buy” rating and set a $30.00 target price on shares of TiVo Corporation in a report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.60.

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TiVo Corporation 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.

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