Financial Investment Management Group Ltd Lowers stake in TiVo (TIVO)

TiVo (TIVO) : Financial Investment Management Group Ltd reduced its stake in TiVo by 47.96% during the most recent quarter end. The investment management company now holds a total of 88,586 shares of TiVo which is valued at $1,738,057 after selling 81,649 shares in TiVo , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.TiVo makes up approximately 0.59% of Financial Investment Management Group Ltd’s portfolio.

Other Hedge Funds, Including , Cwm reduced its stake in TIVO by selling 2,612 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 166,593 shares of TIVO which is valued at $3,268,555. TiVo makes up approx 0.23% of Cwm’s portfolio. Algert Global sold out all of its stake in TIVO during the most recent quarter. The investment firm sold 49,364 shares of TIVO which is valued $966,053.Cutler Group Lp reduced its stake in TIVO by selling 18,154 shares or 98.27% in the most recent quarter. The Hedge Fund company now holds 319 shares of TIVO which is valued at $6,259.Advisory Services Network reduced its stake in TIVO by selling 1,500 shares or 16.3% in the most recent quarter. The Hedge Fund company now holds 7,700 shares of TIVO which is valued at $150,766. TiVo makes up approx 0.03% of Advisory Services Network’s portfolio.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.

TiVo opened for trading at $19.35 and hit $19.8 on the upside on Friday, eventually ending the session at $19.62, with a gain of 1.45% or 0.28 points. The heightened volatility saw the trading volume jump to 9,47,824 shares. Company has a market cap of $2,548 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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