Profund Advisors LLC lowered its stake in shares of Grupo Televisa S.A. (NYSE:TV) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,624 shares of the company’s stock after selling 9,659 shares during the period. Profund Advisors LLC’s holdings in Grupo Televisa were worth $1,940,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in Grupo Televisa by 361.7% during the first quarter. Bank of America Corp DE now owns 4,295,419 shares of the company’s stock worth $111,423,000 after buying an additional 3,365,159 shares during the period. Blackstone Group L.P. lifted its position in Grupo Televisa by 47.7% during the first quarter. Blackstone Group L.P. now owns 7,681,629 shares of the company’s stock worth $199,261,000 after buying an additional 2,479,160 shares during the period. First Eagle Investment Management LLC lifted its position in Grupo Televisa by 3.2% during the second quarter. First Eagle Investment Management LLC now owns 38,547,427 shares of the company’s stock worth $939,401,000 after buying an additional 1,195,820 shares during the period. TPG Group Holdings SBS Advisors Inc. lifted its position in Grupo Televisa by 108.8% during the first quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,785,365 shares of the company’s stock worth $46,312,000 after buying an additional 930,279 shares during the period. Finally, Columbus Hill Capital Management L.P. purchased a new position in Grupo Televisa during the first quarter worth about $20,762,000. 58.30% of the stock is currently owned by institutional investors and hedge funds.
Grupo Televisa S.A. (NYSE:TV) traded up 0.180% during trading on Monday, hitting $25.095. The stock had a trading volume of 46,726 shares. The firm’s 50 day moving average is $25.83 and its 200 day moving average is $25.42. Grupo Televisa S.A. has a 1-year low of $19.69 and a 1-year high of $27.37. The firm has a market cap of $62.20 billion, a price-to-earnings ratio of 309.815 and a beta of 1.32.
Grupo Televisa (NYSE:TV) last issued its earnings results on Monday, July 10th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Grupo Televisa had a return on equity of 4.62% and a net margin of 4.69%. The firm had revenue of $1.25 billion for the quarter. On average, analysts anticipate that Grupo Televisa S.A. will post $0.64 earnings per share for the current year.
TV has been the topic of several recent analyst reports. HSBC Holdings plc upgraded Grupo Televisa from a “reduce” rating to a “hold” rating in a research report on Wednesday, May 24th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $26.00 target price (up from $23.00) on shares of Grupo Televisa in a research report on Monday, June 5th. Zacks Investment Research upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. BidaskClub upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Credit Suisse Group set a $27.00 target price on Grupo Televisa and gave the stock a “hold” rating in a research report on Saturday, July 1st. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Grupo Televisa has a consensus rating of “Hold” and a consensus target price of $26.50.
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Grupo Televisa Company Profile
Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.
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