Creative Planning Cuts Stock Position in Grupo Televisa, S.A.B. (NYSE:TV)

Creative Planning lessened its stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 77.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,091 shares of the company’s stock after selling 74,995 shares during the period. Creative Planning’s holdings in Grupo Televisa, S.A.B. were worth $57,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Grupo Televisa, S.A.B. during the second quarter valued at approximately $29,000. Central Pacific Bank Trust Division increased its holdings in shares of 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 position in shares of Grupo Televisa, S.A.B. in the second quarter worth $55,000. SG Americas Securities LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 35.7% during the second 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 boosted 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 last quarter. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Stock Performance

Shares of NYSE TV opened at $2.16 on Wednesday. Grupo Televisa, S.A.B. has a 12-month low of $1.69 and a 12-month high of $3.64. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.88. 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 firm has a 50 day moving average of $2.29 and a 200 day moving average of $2.51.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm 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 anticipate that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research note on Monday, August 5th. Benchmark lowered their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.35.

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.