Thrivent Financial for Lutherans Makes New $284,000 Investment in Grupo Televisa, S.A.B. (NYSE:TV)

Thrivent Financial for Lutherans acquired a new stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 111,127 shares of the company’s stock, valued at approximately $284,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at approximately $29,000. Central Pacific Bank Trust Division raised its holdings in 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 purchasing an additional 5,000 shares in the last quarter. Welch Group LLC purchased a new stake in shares of Grupo Televisa, S.A.B. in the 2nd quarter worth about $55,000. SG Americas Securities LLC boosted its stake in shares of 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. Finally, Ballentine Partners LLC increased its position in shares of Grupo Televisa, S.A.B. by 23.3% during the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after buying an additional 5,939 shares during the period. Institutional investors own 55.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TV. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Benchmark reduced their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their price objective on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.25.

Grupo Televisa, S.A.B. Price Performance

Shares of Grupo Televisa, S.A.B. stock opened at $1.99 on Friday. 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 stock’s fifty day moving average is $2.28 and its 200 day moving average is $2.37. The stock has a market cap of $1.10 billion, a P/E ratio of -2.80, a P/E/G ratio of 0.75 and a beta of 1.81. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.64.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share 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 analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. Sell-side analysts anticipate that Grupo Televisa, S.A.B. will post 0.08 earnings per share for the current year.

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.