Acadian Asset Management LLC Takes $532,000 Position in Grupo Televisa, S.A.B. (NYSE:TV)

Acadian Asset Management LLC acquired a new stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 192,396 shares of the company’s stock, valued at approximately $532,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC grew its position in shares of Grupo Televisa, S.A.B. by 35.7% during the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after acquiring an additional 7,406 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Grupo Televisa, S.A.B. by 74.1% in the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock valued at $81,000 after purchasing an additional 10,828 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Grupo Televisa, S.A.B. during the first quarter valued at approximately $39,000. PNC Financial Services Group Inc. raised its holdings in shares of Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after buying an additional 13,322 shares during the last quarter. Finally, Welch Group LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the second quarter worth approximately $55,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Stock Performance

Shares of NYSE TV opened at $2.12 on Thursday. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.64. The firm has a market cap of $1.17 billion, a P/E ratio of -2.44, a PEG ratio of 0.88 and a beta of 1.88. The stock has a fifty day moving average price of $2.10 and a two-hundred day moving average price of $2.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31.

Analyst Ratings Changes

Several analysts recently commented on TV shares. The Goldman Sachs Group lowered their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average price target of $5.16.

Grupo Televisa, S.A.B. 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.