Oppenheimer & Co. Inc. Takes Position in Grupo Televisa, S.A.B. (NYSE:TV)

Oppenheimer & Co. Inc. acquired a new stake in Grupo Televisa, S.A.B. (NYSE:TV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,242 shares of the company’s stock, valued at approximately $90,000.

Several other hedge funds also recently modified their holdings of the stock. Central Pacific Bank Trust Division raised its holdings in shares of Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after acquiring an additional 5,000 shares during the last quarter. Ballentine Partners LLC increased its holdings in Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after purchasing an additional 7,406 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Grupo Televisa, S.A.B. by 19.1% in the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock valued at $167,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the second quarter valued at approximately $29,000. Institutional investors own 55.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group dropped their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Benchmark dropped their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.25.

Grupo Televisa, S.A.B. Stock Performance

Shares of Grupo Televisa, S.A.B. stock opened at $2.07 on Friday. The business’s fifty day simple moving average is $2.33 and its 200 day simple moving average is $2.46. The firm has a market capitalization of $1.15 billion, a P/E ratio of -2.92, a price-to-earnings-growth ratio of 1.14 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 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. As a group, analysts anticipate that Grupo Televisa, S.A.B. will post 0.06 EPS for the current year.

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.