BNP Paribas Financial Markets Purchases 271,459 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

BNP Paribas Financial Markets increased its position in Grupo Televisa, S.A.B. (NYSE:TV) by 1,005,403.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,486 shares of the company’s stock after acquiring an additional 271,459 shares during the quarter. BNP Paribas Financial Markets’ holdings in Grupo Televisa, S.A.B. were worth $695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth $1,463,000. Thrivent Financial for Lutherans acquired a new stake in Grupo Televisa, S.A.B. in the 3rd quarter worth $284,000. SG Americas Securities LLC increased its holdings 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 worth $78,000 after purchasing an additional 7,406 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of Grupo Televisa, S.A.B. by 50.0% in the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after buying an additional 5,000 shares during the period. Finally, Ballentine Partners LLC grew its position in 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 worth $87,000 after buying an additional 5,939 shares in the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Stock Performance

Shares of Grupo Televisa, S.A.B. stock opened at $1.97 on Friday. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.65. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.09 billion, a PE ratio of -2.77, a PEG ratio of 0.75 and a beta of 1.81. The stock’s fifty day simple moving average is $2.22 and its 200 day simple moving average is $2.34.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 5.68% and a negative net margin of 10.88%. On average, research analysts predict that Grupo Televisa, S.A.B. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TV. StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Benchmark cut their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group decreased their price objective 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, JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.25.

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.