Dynamic Technology Lab Private Ltd Decreases Stock Holdings in Grupo Televisa, S.A.B. (NYSE:TV)

Dynamic Technology Lab Private Ltd lessened its stake in Grupo Televisa, S.A.B. (NYSE:TV) by 45.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,128 shares of the company’s stock after selling 59,328 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Grupo Televisa, S.A.B. were worth $185,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the second quarter worth about $29,000. Central Pacific Bank Trust Division grew its position in shares of Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after buying an additional 5,000 shares in the last quarter. Welch Group LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the second quarter worth $55,000. SG Americas Securities LLC raised its holdings in 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 valued at $78,000 after acquiring an additional 7,406 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after acquiring an additional 5,939 shares during the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Analyst Ratings Changes

TV has been the subject of a number of research analyst reports. Benchmark lowered their price target on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. The Goldman Sachs Group decreased their target price on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a research report on Friday, November 15th. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Stock Performance

NYSE:TV opened at $2.00 on Tuesday. The firm’s 50-day moving average is $2.31 and its 200-day moving average is $2.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -2.81, a PEG ratio of 0.76 and a beta of 1.88. Grupo Televisa, S.A.B. has a 52-week low of $1.69 and a 52-week high of $3.64.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to analysts’ expectations 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%. Equities research analysts anticipate that Grupo Televisa, S.A.B. will post 0.08 earnings per share for the current year.

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.