Gabelli Funds LLC increased its stake in shares of Grupo Televisa S.A. (NYSE:TV – Free Report) by 9.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,686,600 shares of the company’s stock after buying an additional 687,500 shares during the quarter. Gabelli Funds LLC’s holdings in Grupo Televisa were worth $22,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. TD Private Client Wealth LLC grew its holdings in shares of Grupo Televisa by 68.8% during the third quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock valued at $29,000 after buying an additional 4,355 shares during the last quarter. Corient Private Wealth LLC lifted its position in Grupo Televisa by 2.8% during the second quarter. Corient Private Wealth LLC now owns 237,177 shares of the company’s stock valued at $519,000 after purchasing an additional 6,518 shares during the period. R Squared Ltd lifted its position in Grupo Televisa by 16.8% during the fourth quarter. R Squared Ltd now owns 54,574 shares of the company’s stock valued at $159,000 after purchasing an additional 7,862 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in Grupo Televisa during the third quarter valued at $28,000. Finally, Diversified Trust Co. acquired a new position in Grupo Televisa during the fourth quarter valued at $38,000. 55.77% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TV. Zacks Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Grupo Televisa from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group decreased their target price on shares of Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating for the company in a research report on Monday, May 11th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.27.
Insiders Place Their Bets
In other Grupo Televisa news, Director Viadero Salvi Rafael Folch sold 44,500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $0.57, for a total value of $25,365.00. Following the completion of the transaction, the director owned 233,000 shares in the company, valued at approximately $132,810. This represents a 16.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Angoitia Alfonso De sold 44,500 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $0.57, for a total transaction of $25,365.00. Following the completion of the transaction, the chief executive officer owned 38,813,509 shares of the company’s stock, valued at approximately $22,123,700.13. This trade represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,413,084 shares of company stock valued at $811,109.
Grupo Televisa Trading Down 1.2%
Shares of Grupo Televisa stock opened at $2.82 on Tuesday. The firm has a 50-day simple moving average of $2.94 and a two-hundred day simple moving average of $2.97. The company has a market cap of $1.50 billion, a P/E ratio of -3.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.61. Grupo Televisa S.A. has a fifty-two week low of $1.86 and a fifty-two week high of $3.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39.
Grupo Televisa (NYSE:TV – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.80) earnings per share for the quarter. The firm had revenue of $807.20 million during the quarter. Grupo Televisa had a negative return on equity of 7.65% and a negative net margin of 13.93%. As a group, equities analysts predict that Grupo Televisa S.A. will post 0.08 earnings per share for the current fiscal year.
Grupo Televisa Company Profile
Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.
Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.
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