Jane Street Group LLC Sells 74,449 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Jane Street Group LLC lessened its position in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 82.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,860 shares of the company’s stock after selling 74,449 shares during the quarter. Jane Street Group LLC’s holdings in Grupo Televisa, S.A.B. were worth $27,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Banco Santander S.A. raised its position in shares of Grupo Televisa, S.A.B. by 73.6% during the fourth quarter. Banco Santander S.A. now owns 317,620 shares of the company’s stock worth $534,000 after purchasing an additional 134,621 shares during the period. American Century Companies Inc. boosted its stake in shares of Grupo Televisa, S.A.B. by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,312,209 shares of the company’s stock worth $2,205,000 after acquiring an additional 138,303 shares during the period. EntryPoint Capital LLC lifted its holdings in Grupo Televisa, S.A.B. by 55.3% during the 4th quarter. EntryPoint Capital LLC now owns 128,898 shares of the company’s stock worth $217,000 after purchasing an additional 45,889 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Grupo Televisa, S.A.B. during the 4th quarter worth approximately $939,000. Finally, Discovery Capital Management LLC CT lifted its holdings in Grupo Televisa, S.A.B. by 0.6% during the 4th quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company’s stock worth $29,462,000 after purchasing an additional 100,100 shares during the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Analysts Set New Price Targets

TV has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Benchmark reaffirmed a “buy” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. Finally, Wall Street Zen downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Friday, May 30th.

Grupo Televisa, S.A.B. Price Performance

Shares of TV opened at $1.99 on Tuesday. Grupo Televisa, S.A.B. has a 12-month low of $1.55 and a 12-month high of $2.90. The business’s fifty day moving average is $1.87 and its 200 day moving average is $1.88. 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 cap of $1.10 billion, a P/E ratio of -2.73 and a beta of 1.91.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. The business had revenue of $763.42 million for the quarter, compared to analysts’ expectations of $15.33 billion. Sell-side analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Grupo Televisa, S.A.B. Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.0908 per share. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 30th. Grupo Televisa, S.A.B.’s payout ratio is -10.00%.

About Grupo Televisa, S.A.B.

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.