Ballentine Partners LLC Lowers Stake in Grupo Televisa, S.A.B. (NYSE:TV)

Ballentine Partners LLC cut its stake in Grupo Televisa, S.A.B. (NYSE:TV) by 51.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,976 shares of the company’s stock after selling 19,063 shares during the period. Ballentine Partners LLC’s holdings in Grupo Televisa, S.A.B. were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TV. BNP Paribas Financial Markets grew its stake in Grupo Televisa, S.A.B. by 1,005,403.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after acquiring an additional 271,459 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Grupo Televisa, S.A.B. in the third quarter valued at approximately $1,463,000. Central Pacific Bank Trust Division grew its stake in Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after purchasing an additional 10,000 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Grupo Televisa, S.A.B. during the 3rd quarter worth $284,000. Finally, PEAK6 Investments LLC bought a new stake in Grupo Televisa, S.A.B. during the 3rd quarter valued at $119,000. Institutional investors own 55.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TV has been the topic of a number of recent research reports. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. The Goldman Sachs Group dropped their target price on shares of 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. Benchmark cut their target price 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, JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Three 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, Grupo Televisa, S.A.B. presently has a consensus rating of “Hold” and a consensus target price of $5.67.

Grupo Televisa, S.A.B. Price Performance

Shares of TV stock opened at $1.84 on Monday. The stock’s 50-day moving average is $1.87 and its 200 day moving average is $2.10. Grupo Televisa, S.A.B. has a 1-year low of $1.66 and a 1-year high of $3.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The company has a market cap of $1.02 billion, a P/E ratio of -2.58 and a beta of 1.82.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The business had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. Research analysts predict that Grupo Televisa, S.A.B. will post 0.12 earnings per share for the current fiscal year.

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.