Atria Wealth Solutions Inc. Boosts Holdings in Grupo Televisa S.A. $TV

Atria Wealth Solutions Inc. raised its holdings in Grupo Televisa S.A. (NYSE:TV) by 100.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,000 shares of the company’s stock after acquiring an additional 24,500 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Grupo Televisa were worth $86,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in Grupo Televisa by 72.7% in the first quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock valued at $28,000 after acquiring an additional 6,770 shares during the period. R Squared Ltd lifted its holdings in Grupo Televisa by 405.9% in the first quarter. R Squared Ltd now owns 21,400 shares of the company’s stock valued at $37,000 after acquiring an additional 17,170 shares during the period. Northern Trust Corp lifted its holdings in Grupo Televisa by 57.9% in the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company’s stock valued at $108,000 after acquiring an additional 23,648 shares during the period. PEAK6 LLC purchased a new stake in shares of Grupo Televisa in the 4th quarter worth about $41,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Grupo Televisa in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TV. Benchmark boosted their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group lowered shares of Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price objective on the stock. in a research report on Friday, August 8th. Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Finally, UBS Group boosted their price objective on shares of Grupo Televisa from $2.40 to $2.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.70.

Grupo Televisa Trading Up 4.7%

Shares of TV stock opened at $2.46 on Monday. The firm has a 50-day moving average price of $2.32 and a 200 day moving average price of $2.04. Grupo Televisa S.A. has a twelve month low of $1.55 and a twelve month high of $2.89. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -3.28, a PEG ratio of 1.55 and a beta of 1.97. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03.

Grupo Televisa (NYSE:TV) last announced its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Grupo Televisa had a negative net margin of 13.56% and a negative return on equity of 6.95%. The firm had revenue of $787.59 million during the quarter, compared to the consensus estimate of $14.96 billion. Research analysts forecast that Grupo Televisa S.A. will post -0.07 earnings per share for the current fiscal year.

Grupo Televisa Cuts Dividend

The company also recently announced an annual dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a $0.0908 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 390.0%. Grupo Televisa’s payout ratio is presently -10.67%.

Grupo Televisa 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.