Grupo Televisa, S.A.B. (NYSE:TV) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its position in Grupo Televisa, S.A.B. (NYSE:TV) by 64.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,090 shares of the company’s stock after selling 110,725 shares during the period. LPL Financial LLC’s holdings in Grupo Televisa, S.A.B. were worth $101,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Banco Santander S.A. lifted its holdings in shares of Grupo Televisa, S.A.B. by 73.6% in the 4th quarter. Banco Santander S.A. now owns 317,620 shares of the company’s stock valued at $534,000 after buying an additional 134,621 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of Grupo Televisa, S.A.B. by 66.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock valued at $42,000 after purchasing an additional 10,000 shares in the last quarter. GFS Advisors LLC acquired a new stake in Grupo Televisa, S.A.B. during the fourth quarter valued at $3,600,000. Robeco Institutional Asset Management B.V. boosted its position in Grupo Televisa, S.A.B. by 245.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock worth $3,320,000 after purchasing an additional 1,404,933 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Grupo Televisa, S.A.B. during the third quarter valued at $123,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TV. Benchmark restated a “buy” rating and set a $7.00 price target (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. The Goldman Sachs Group decreased their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, January 28th.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE TV opened at $1.82 on Thursday. The firm has a 50-day simple moving average of $1.82 and a 200-day simple moving average of $1.95. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -2.49 and a beta of 1.70. Grupo Televisa, S.A.B. has a 52 week low of $1.55 and a 52 week high of $3.43.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91). The business had revenue of $758.58 million during the quarter, compared to analysts’ expectations of $15.49 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. On average, equities analysts predict that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Grupo Televisa, S.A.B. Profile

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that 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 services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.