Emerging Variant Capital Management LP Has $11.70 Million Stock Position in Grupo Televisa, S.A.B. (NYSE:TV)

Emerging Variant Capital Management LP cut its stake in shares of Grupo Televisa, S.A.B. (NYSE:TVGet Rating) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,407,233 shares of the company’s stock after selling 107,014 shares during the quarter. Grupo Televisa, S.A.B. accounts for 4.6% of Emerging Variant Capital Management LP’s portfolio, making the stock its 8th largest holding. Emerging Variant Capital Management LP owned 0.25% of Grupo Televisa, S.A.B. worth $11,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Grupo Televisa, S.A.B. by 0.4% during the first quarter. Northern Trust Corp now owns 307,546 shares of the company’s stock worth $3,599,000 after acquiring an additional 1,312 shares in the last quarter. Pictet Asset Management SA raised its holdings in shares of Grupo Televisa, S.A.B. by 6.5% during the fourth quarter. Pictet Asset Management SA now owns 27,826 shares of the company’s stock worth $261,000 after acquiring an additional 1,700 shares in the last quarter. Aviva PLC raised its holdings in shares of Grupo Televisa, S.A.B. by 3.5% during the fourth quarter. Aviva PLC now owns 66,790 shares of the company’s stock worth $626,000 after acquiring an additional 2,236 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Grupo Televisa, S.A.B. by 19.6% during the fourth quarter. HighTower Advisors LLC now owns 13,933 shares of the company’s stock worth $130,000 after acquiring an additional 2,281 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Grupo Televisa, S.A.B. by 12.3% during the first quarter. Crossmark Global Holdings Inc. now owns 54,999 shares of the company’s stock worth $644,000 after acquiring an additional 6,009 shares in the last quarter. 41.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group assumed coverage on Grupo Televisa, S.A.B. in a research note on Tuesday, June 28th. They issued a “buy” rating and a $13.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Grupo Televisa, S.A.B. from $15.50 to $13.00 and set an “overweight” rating on the stock in a report on Monday, June 27th. The Goldman Sachs Group decreased their price objective on Grupo Televisa, S.A.B. from $11.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, August 18th. Benchmark decreased their price objective on Grupo Televisa, S.A.B. to $17.00 in a report on Monday, July 25th. Finally, Credit Suisse Group downgraded Grupo Televisa, S.A.B. from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $8.00 in a report on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Grupo Televisa, S.A.B. currently has an average rating of “Moderate Buy” and a consensus price target of $14.64.

Grupo Televisa, S.A.B. Stock Performance

Shares of Grupo Televisa, S.A.B. stock opened at $6.65 on Tuesday. The firm has a fifty day moving average of $7.31 and a two-hundred day moving average of $8.89. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 1.29 and a beta of 1.32. Grupo Televisa, S.A.B. has a 52 week low of $6.06 and a 52 week high of $12.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.41 and a current ratio of 2.47.

About Grupo Televisa, S.A.B.

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Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. It operates in four segments: Cable, Sky, Content, and Other Businesses. The Cable segment operates cable multiple system and telecommunication facilities; provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising sales; and offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.

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Institutional Ownership by Quarter for Grupo Televisa, S.A.B. (NYSE:TV)

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