Crossmark Global Holdings Inc. Reduces Position in Grupo Televisa SAB (TV)

Crossmark Global Holdings Inc. reduced its position in shares of Grupo Televisa SAB (NYSE:TV) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,277 shares of the company’s stock after selling 1,290 shares during the period. Crossmark Global Holdings Inc.’s holdings in Grupo Televisa SAB were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Intermede Investment Partners Ltd boosted its position in shares of Grupo Televisa SAB by 53.6% during the 1st quarter. Intermede Investment Partners Ltd now owns 3,265,894 shares of the company’s stock valued at $36,121,000 after purchasing an additional 1,140,300 shares in the last quarter. Quantamental Technologies LLC boosted its position in shares of Grupo Televisa SAB by 333.5% during the 1st quarter. Quantamental Technologies LLC now owns 19,506 shares of the company’s stock valued at $216,000 after purchasing an additional 15,006 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Grupo Televisa SAB by 85.8% during the 1st quarter. Quadrant Capital Group LLC now owns 8,188 shares of the company’s stock valued at $86,000 after purchasing an additional 3,781 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Grupo Televisa SAB by 164.3% during the 1st quarter. Bank of Montreal Can now owns 549,944 shares of the company’s stock valued at $6,082,000 after purchasing an additional 341,899 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Grupo Televisa SAB by 794.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 15,663 shares of the company’s stock valued at $173,000 after purchasing an additional 13,912 shares in the last quarter. 50.74% of the stock is owned by institutional investors and hedge funds.

TV stock opened at $9.45 on Friday. Grupo Televisa SAB has a fifty-two week low of $8.74 and a fifty-two week high of $21.41. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.33 and a current ratio of 1.35. The company has a market cap of $5.08 billion, a P/E ratio of 17.50, a PEG ratio of 0.90 and a beta of 1.06.

Grupo Televisa SAB (NYSE:TV) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Grupo Televisa SAB had a return on equity of 5.90% and a net margin of 5.79%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities research analysts forecast that Grupo Televisa SAB will post 0.55 earnings per share for the current year.

TV has been the topic of several research analyst reports. Citigroup upgraded Grupo Televisa SAB from a “neutral” rating to a “buy” rating in a research report on Thursday, January 31st. JPMorgan Chase & Co. cut their target price on Grupo Televisa SAB from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. Scotiabank upgraded Grupo Televisa SAB from an “underperform” rating to a “sector perform” rating and cut their target price for the company from $14.00 to $13.00 in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research upgraded Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $20.00.

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Grupo Televisa SAB Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.

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Institutional Ownership by Quarter for Grupo Televisa SAB (NYSE:TV)

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