Vident Advisory LLC Boosts Stock Holdings in Grupo Televisa S.A. $TV

Vident Advisory LLC raised its holdings in shares of Grupo Televisa S.A. (NYSE:TV) by 114.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,762 shares of the company’s stock after buying an additional 15,374 shares during the period. Vident Advisory LLC’s holdings in Grupo Televisa were worth $50,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Gamco Investors INC. ET AL boosted its position in Grupo Televisa by 4.8% during the first quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company’s stock valued at $31,406,000 after buying an additional 827,363 shares during the period. Gabelli Funds LLC raised its stake in shares of Grupo Televisa by 4.3% during the first quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company’s stock valued at $12,409,000 after acquiring an additional 294,300 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Grupo Televisa by 9.9% during the first quarter. American Century Companies Inc. now owns 1,441,491 shares of the company’s stock valued at $2,523,000 after acquiring an additional 129,282 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Grupo Televisa by 2.8% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 395,950 shares of the company’s stock valued at $693,000 after acquiring an additional 10,875 shares during the last quarter. Finally, Banco Santander S.A. raised its stake in shares of Grupo Televisa by 23.1% during the first quarter. Banco Santander S.A. now owns 390,892 shares of the company’s stock valued at $684,000 after acquiring an additional 73,272 shares during the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on TV. The Goldman Sachs Group downgraded shares of Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price objective for the company. in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Benchmark upped their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 27th. Finally, Zacks Research downgraded shares of Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.70.

Grupo Televisa Trading Down 0.2%

NYSE:TV opened at $2.78 on Friday. The company’s 50 day moving average price is $2.47 and its 200-day moving average price is $2.12. Grupo Televisa S.A. has a 52 week low of $1.55 and a 52 week high of $2.95. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -3.70, a PEG ratio of 2.90 and a beta of 1.97.

Grupo Televisa (NYSE:TV) last issued its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $787.59 million for the quarter, compared to analysts’ expectations of $14.96 billion. On average, equities research analysts forecast that Grupo Televisa S.A. will post -0.07 earnings per share for the current fiscal year.

About Grupo Televisa

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.