Grupo Televisa, S.A.B. (NYSE:TV) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 34.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,603 shares of the company’s stock after selling 15,218 shares during the period. HighTower Advisors LLC’s holdings in Grupo Televisa, S.A.B. were worth $50,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GFS Advisors LLC purchased a new position in Grupo Televisa, S.A.B. in the fourth quarter valued at $3,600,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Grupo Televisa, S.A.B. by 245.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock valued at $3,320,000 after buying an additional 1,404,933 shares during the period. BNP Paribas Financial Markets grew its position 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 worth $695,000 after buying an additional 271,459 shares in the last quarter. Banco Santander S.A. grew its position 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 worth $534,000 after buying an additional 134,621 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth approximately $284,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Price Performance

TV stock opened at $1.67 on Friday. The business has a 50 day moving average price of $1.90 and a 200 day moving average price of $2.03. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The stock has a market cap of $924.85 million, a price-to-earnings ratio of -2.29 and a beta of 1.84. Grupo Televisa, S.A.B. has a fifty-two week low of $1.62 and a fifty-two week high of $3.47.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share 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 company had revenue of $758.58 million for the quarter, compared to analyst estimates of $15.49 billion. Equities research analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TV has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Benchmark reaffirmed a “buy” rating and set a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. Three 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 a consensus rating of “Hold” and a consensus 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.