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

Rovi Corporation (ROVI) : Driehaus Capital Management added new position in Rovi Corporation during the most recent quarter end. The investment management firm now holds 3,016,325 shares of Rovi Corporation which is valued at $60,778,949 , the company said in a statement filed on Aug 15, 2016 with the SEC.Rovi Corporation makes up approximately 2.08% of Driehaus Capital Management’s portfolio.

Other Hedge Funds, Including , Dreman Value Management L L C added ROVI to its portfolio by purchasing 428 company shares during the most recent quarter which is valued at $8,624. Bogle Investment Management L P De sold out all of its stake in ROVI during the most recent quarter. The investment firm sold 622,054 shares of ROVI which is valued $12,534,388.Alliancebernstein reduced its stake in ROVI by selling 6,862 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 132,613 shares of ROVI which is valued at $2,672,152.Gsa Capital Partners Llp boosted its stake in ROVI in the latest quarter, The investment management firm added 12,248 additional shares and now holds a total of 66,188 shares of Rovi Corporation which is valued at $1,302,580. Rovi Corporation makes up approx 0.07% of Gsa Capital Partners Llp’s portfolio.

Rovi Corporation opened for trading at $20.51 and hit $20.64 on the upside on Thursday, eventually ending the session at $20.58, with a gain of 0.54% or 0.11 points. The heightened volatility saw the trading volume jump to 20,08,921 shares. Company has a market cap of $1,716 M.

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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