Discovery Capital Management LLC CT Boosts Position in Grupo Televisa, S.A.B. (NYSE:TV)

Discovery Capital Management LLC CT increased its stake in Grupo Televisa, S.A.B. (NYSE:TV) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,944,935 shares of the company’s stock after acquiring an additional 993,295 shares during the quarter. Grupo Televisa, S.A.B. accounts for approximately 6.2% of Discovery Capital Management LLC CT’s portfolio, making the stock its 3rd largest position. Discovery Capital Management LLC CT owned approximately 3.06% of Grupo Televisa, S.A.B. worth $46,937,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TV. Central Pacific Bank Trust Division acquired a new position in Grupo Televisa, S.A.B. during the 1st quarter worth approximately $39,000. PNC Financial Services Group Inc. raised its position 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 worth $50,000 after purchasing an additional 13,322 shares during the period. Welch Group LLC bought a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter worth $55,000. Ballentine Partners LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 74.1% in the 1st quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock worth $81,000 after purchasing an additional 10,828 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after purchasing an additional 7,406 shares in the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE:TV opened at $2.17 on Monday. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.20 billion, a PE ratio of -2.49, a price-to-earnings-growth ratio of 0.88 and a beta of 1.88. The stock’s fifty day simple moving average is $2.08 and its two-hundred day simple moving average is $2.68. Grupo Televisa, S.A.B. has a 1-year low of $1.69 and a 1-year high of $3.64.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group lowered their target price on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.16.

Grupo Televisa, S.A.B. 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.