Goldman Sachs Group Inc. Trims Stock Holdings in Grupo Televisa S.A. $TV

Goldman Sachs Group Inc. lowered its holdings in shares of Grupo Televisa S.A. (NYSE:TV) by 25.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,177 shares of the company’s stock after selling 85,625 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Grupo Televisa were worth $436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Grupo Televisa by 99.9% during the first quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company’s stock worth $13,440,000 after purchasing an additional 3,842,375 shares during the last quarter. Vident Advisory LLC increased its stake in Grupo Televisa by 114.8% in the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company’s stock worth $50,000 after buying an additional 15,374 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Grupo Televisa by 2.8% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 395,950 shares of the company’s stock valued at $693,000 after buying an additional 10,875 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Grupo Televisa by 4.8% in the 1st 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. Finally, Gabelli Funds LLC grew its stake in Grupo Televisa by 4.3% in the 1st quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company’s stock worth $12,409,000 after acquiring an additional 294,300 shares in the last quarter. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa Trading Down 1.5%

NYSE:TV opened at $2.68 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -3.57, a PEG ratio of 2.84 and a beta of 1.97. Grupo Televisa S.A. has a 52 week low of $1.55 and a 52 week high of $2.97. 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 firm has a 50 day moving average of $2.61 and a 200 day moving average of $2.18.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%.The business had revenue of $787.59 million for the quarter, compared to the consensus estimate of $14.96 billion. As a group, sell-side analysts anticipate that Grupo Televisa S.A. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

TV has been the subject of several research analyst reports. Benchmark lifted their price target 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. The Goldman Sachs Group cut Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 target price for the company. in a report on Friday, August 8th. JPMorgan Chase & Co. raised Grupo Televisa from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 27th. UBS Group lifted their price objective on Grupo Televisa from $2.40 to $2.50 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Finally, Zacks Research lowered shares of Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Grupo Televisa currently has an average rating of “Hold” and a consensus target price of $4.70.

Grupo Televisa Company 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.