Concourse Capital Management adds Rovi Corporation (ROVI) to its portfolio

Rovi Corporation (ROVI) : Concourse Capital Management added new position in Rovi Corporation during the most recent quarter end. The investment management firm now holds 37,593 shares of Rovi Corporation which is valued at $727,800 , the company said in a statement filed on Aug 2, 2016 with the SEC.Rovi Corporation makes up approximately 0.44% of Concourse Capital Management’s portfolio.

Other Hedge Funds, Including , Palisade Capital Managementnj boosted its stake in ROVI in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 19,000 shares of Rovi Corporation which is valued at $367,840. Rovi Corporation makes up approx 0.02% of Palisade Capital Managementnj’s portfolio.Louisiana State Employees Retirement System reduced its stake in ROVI by selling 200 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 36,400 shares of ROVI which is valued at $683,956. Rovi Corporation makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio. Simplex Trading sold out all of its stake in ROVI during the most recent quarter. The investment firm sold 319 shares of ROVI which is valued $5,745.Cutler Group Lp boosted its stake in ROVI in the latest quarter, The investment management firm added 11,057 additional shares and now holds a total of 13,657 shares of Rovi Corporation which is valued at $237,905. Rovi Corporation makes up approx 0.02% of Cutler Group Lp’s portfolio.

Rovi Corporation closed down -0.02 points or -0.10% at $19.66 with 4,96,212 shares getting traded on Monday. Post opening the session at $19.7, the shares hit an intraday low of $19.26 and an intraday high of $19.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Rovi Corporation reported $-0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.42 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.31. The company had revenue of $125.20 million for the quarter, compared to analysts expectations of $119.29 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs) search and recommendations cloud data services and its database of metadata which includes descriptive information promotional images or other content that describe or relate to Television shows videos movies music books games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing Products and Corporate. Its solutions are deployed around the world in the cable satellite consumer electronics entertainment media and online distribution markets.

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