Gabelli Funds LLC Buys 19,024 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Gabelli Funds LLC grew its stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 0.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,061,624 shares of the company’s stock after acquiring an additional 19,024 shares during the period. Gabelli Funds LLC owned about 1.28% of Grupo Televisa, S.A.B. worth $19,561,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TV. BNP Paribas Financial Markets grew its holdings in Grupo Televisa, S.A.B. by 443,655.6% during the fourth quarter. BNP Paribas Financial Markets now owns 119,814 shares of the company’s stock valued at $400,000 after purchasing an additional 119,787 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Grupo Televisa, S.A.B. by 244.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 84,620 shares of the company’s stock worth $283,000 after acquiring an additional 60,045 shares during the period. Corient Private Wealth LLC increased its holdings in Grupo Televisa, S.A.B. by 68.2% in the 4th quarter. Corient Private Wealth LLC now owns 250,180 shares of the company’s stock worth $836,000 after acquiring an additional 101,425 shares during the last quarter. Keeley Teton Advisors LLC bought a new stake in Grupo Televisa, S.A.B. in the 4th quarter valued at about $399,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Grupo Televisa, S.A.B. by 47.9% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock valued at $950,000 after acquiring an additional 92,150 shares during the period. 55.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

TV has been the subject of several recent research reports. 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. The Goldman Sachs Group cut their price objective on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.16.

Grupo Televisa, S.A.B. Price Performance

TV stock opened at $2.17 on Monday. The firm has a 50 day moving average of $2.08 and a 200-day moving average of $2.68. The firm has a market capitalization of $1.20 billion, a P/E ratio of -2.49, a price-to-earnings-growth ratio of 0.88 and a beta of 1.88. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.64. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04.

About Grupo Televisa, S.A.B.

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.