Robeco Institutional Asset Management B.V. lessened its holdings in Grupo Televisa S.A. (NYSE:TV – Free Report) by 76.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 153,013 shares of the company’s stock after selling 500,089 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Grupo Televisa were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in Grupo Televisa by 1,335.4% in the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after acquiring an additional 125,473 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Grupo Televisa during the 1st quarter valued at about $413,000. Gabelli Funds LLC boosted its position in shares of Grupo Televisa by 1.7% during the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock valued at $22,755,000 after acquiring an additional 133,000 shares during the last quarter. Lido Advisors LLC purchased a new position in shares of Grupo Televisa during the first quarter worth about $62,000. Finally, Barometer Capital Management Inc. grew its holdings in shares of Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock worth $1,315,000 after purchasing an additional 443,400 shares in the last quarter. 55.77% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on TV. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group cut their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research note on Monday, July 6th. Zacks Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Finally, New Street Research raised shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $6.55.
Read Our Latest Research Report on Grupo Televisa
Grupo Televisa Stock Performance
Shares of TV stock opened at $2.29 on Tuesday. The stock has a 50 day moving average price of $2.46 and a two-hundred day moving average price of $2.81. Grupo Televisa S.A. has a fifty-two week low of $2.18 and a fifty-two week high of $3.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40. The company has a market capitalization of $1.22 billion, a P/E ratio of -2.52, a PEG ratio of 0.77 and a beta of 1.54.
Grupo Televisa Profile
Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its operations include pay television, broadband and fixed-line telecommunications services, primarily through its izzi brand, as well as satellite television services through Sky México. The company serves residential and commercial customers across Mexico.
Televisa also maintains interests in content and entertainment businesses. In 2022, it combined substantially all of its media and content assets with Univision to create TelevisaUnivision, a Spanish-language media company serving audiences in Mexico, the United States and other international markets.
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