Corient Private Wealth LLC Lowers Position in Grupo Televisa, S.A.B. (NYSE:TV)

Corient Private Wealth LLC decreased its position in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 10.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 222,100 shares of the company’s stock after selling 26,215 shares during the period. Corient Private Wealth LLC’s holdings in Grupo Televisa, S.A.B. were worth $373,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TV. GFS Advisors LLC purchased a new position in Grupo Televisa, S.A.B. during the 4th quarter valued at about $3,600,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Grupo Televisa, S.A.B. by 245.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock valued at $3,320,000 after purchasing an additional 1,404,933 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after purchasing an additional 271,459 shares during the last quarter. Banco Santander S.A. lifted its holdings in shares of Grupo Televisa, S.A.B. by 73.6% during the fourth quarter. Banco Santander S.A. now owns 317,620 shares of the company’s stock valued at $534,000 after purchasing an additional 134,621 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Grupo Televisa, S.A.B. in the 3rd quarter worth approximately $284,000. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Price Performance

Shares of TV opened at $1.74 on Monday. Grupo Televisa, S.A.B. has a twelve month low of $1.66 and a twelve month high of $3.47. The company has a market capitalization of $960.84 million, a P/E ratio of -2.38 and a beta of 1.84. The firm has a 50 day moving average of $1.91 and a 200 day moving average of $2.04. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its earnings results on Thursday, February 20th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. The business had revenue of $758.58 million during the quarter, compared to the consensus estimate of $15.49 billion. As a group, equities research analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TV. Benchmark reaffirmed a “buy” rating and set a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. The Goldman Sachs Group cut their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. presently has a consensus rating of “Hold” and an average target price of $4.23.

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.