Central Pacific Bank Trust Division Grows Stock Position in Grupo Televisa, S.A.B. (NYSE:TV)

Central Pacific Bank Trust Division lifted its stake in Grupo Televisa, S.A.B. (NYSE:TV) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Central Pacific Bank Trust Division’s holdings in Grupo Televisa, S.A.B. were worth $38,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TV. Gamco Investors INC. ET AL increased its holdings in shares of Grupo Televisa, S.A.B. by 25.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after buying an additional 2,984,705 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Grupo Televisa, S.A.B. by 162.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock worth $10,333,000 after buying an additional 1,914,800 shares during the period. Discovery Capital Management LLC CT increased its holdings in shares of Grupo Televisa, S.A.B. by 6.2% in the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after buying an additional 993,295 shares during the period. Gabelli Funds LLC increased its holdings in shares of Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after buying an additional 914,500 shares during the period. Finally, CastleKnight Management LP increased its holdings in Grupo Televisa, S.A.B. by 160.3% during the 4th quarter. CastleKnight Management LP now owns 455,000 shares of the company’s stock valued at $1,520,000 after purchasing an additional 280,200 shares during the period. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Stock Up 2.0 %

Grupo Televisa, S.A.B. stock traded up $0.05 during trading hours on Friday, hitting $2.60. 1,347,452 shares of the stock traded hands, compared to its average volume of 2,814,626. The firm’s 50-day moving average price is $2.09 and its two-hundred day moving average price is $2.65. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.44 billion, a PE ratio of -2.99, a PEG ratio of 1.20 and a beta of 1.89. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.64.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TV shares. The Goldman Sachs Group reduced their price target on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a report on Monday, August 5th. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.60.

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.