Advisory Services Network Lowers stake in TiVo (TIVO)

TiVo (TIVO) : Advisory Services Network reduced its stake in TiVo by 16.3% during the most recent quarter end. The investment management company now holds a total of 7,700 shares of TiVo which is valued at $150,766 after selling 1,500 shares in TiVo , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.TiVo makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in TIVO by selling 33,118 shares or 37.94% in the most recent quarter. The Hedge Fund company now holds 54,161 shares of TIVO which is valued at $1,060,472. TiVo makes up approx 0.14% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TIVO by selling 18,880 shares or 46.71% in the most recent quarter. The Hedge Fund company now holds 21,539 shares of TIVO which is valued at $416,349.

TiVo opened for trading at $19.4 and hit $19.63 on the upside on Friday, eventually ending the session at $19.58, with a gain of 1.03% or 0.2 points. The heightened volatility saw the trading volume jump to 10,17,815 shares. Company has a market cap of $2,542 M.

On the company’s financial health, TiVo reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 31, 2016. Analyst had a consensus of $0.08. The company had revenue of $99.70 million for the quarter, compared to analysts expectations of $99.55 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

TiVo Inc. (TiVo) is a provider of television software services and cloud-based software-as-a-service solutions that enable viewers to consume content from a range of sources across a variety of screens in and out of the home. The Company offers a whole-home solution that includes 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways non-DVR IP set-top boxes (STBs) and software to enable streaming to application on third-party devices such as iOS and Android mobile phones and tablets. The Company generates revenues from four sources: Consumer Service Television Service Providers (also referred to as MSOs or Pay TV Operators) Advertising and Research Services and Licensing. TiVo’s technology for enabling the TiVo service includes the TiVo service client software platform mobile apps the TiVo service infrastructure and TiVo-enabled hardware designs. The Company distributes its software technology and services through a range of consumer electronic applications and devices.

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