Acadian Asset Management LLC Increases Position in Grupo Televisa S.A. $TV

Key Points

• Acadian Asset Management LLC significantly increased its stake in Grupo Televisa S.A. by 99.9%, acquiring an additional 3,842,375 shares to own a total of 7,688,871 shares, valued at approximately $13.44 million.
• Institutional investors collectively hold 55.77% of Grupo Televisa's stock, reflecting strong interest from large funds including Millennium Management and Northern Trust Corp.
• Analysts have mixed ratings for Grupo Televisa, with two issuing a Buy rating and others rating it as a Hold, currently averaging a price target of $4.70.

Acadian Asset Management LLC boosted its stake in shares of Grupo Televisa S.A. (NYSE:TV - Free Report) by 99.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,688,871 shares of the company's stock after purchasing an additional 3,842,375 shares during the period. Acadian Asset Management LLC owned approximately 1.39% of Grupo Televisa worth $13,440,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TV. Millennium Management LLC increased its position in shares of Grupo Televisa by 109.2% in the fourth quarter. Millennium Management LLC now owns 356,624 shares of the company's stock worth $599,000 after acquiring an additional 186,165 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Grupo Televisa in the fourth quarter worth $213,000. Northern Trust Corp increased its position in shares of Grupo Televisa by 57.9% in the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock worth $108,000 after acquiring an additional 23,648 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Grupo Televisa by 4.8% in the first quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company's stock worth $31,406,000 after acquiring an additional 827,363 shares in the last quarter. Finally, R Squared Ltd grew its holdings in Grupo Televisa by 405.9% during the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock valued at $37,000 after purchasing an additional 17,170 shares in the last quarter. Hedge funds and other institutional investors own 55.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TV. Benchmark raised their price target on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. The Goldman Sachs Group lowered shares of Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price objective for the company. in a report on Friday, August 8th. JPMorgan Chase & Co. raised shares of Grupo Televisa from a "neutral" rating to an "overweight" rating in a report on Wednesday, August 27th. Finally, UBS Group raised their price objective on shares of Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.70.

Grupo Televisa Trading Down 0.2%

Grupo Televisa stock opened at $2.78 on Friday. The firm's 50-day moving average is $2.47 and its 200-day moving average is $2.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.35. Grupo Televisa S.A. has a 1 year low of $1.55 and a 1 year high of $2.95. The company has a market cap of $1.54 billion, a P/E ratio of -3.70, a PEG ratio of 2.90 and a beta of 1.97.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. Grupo Televisa had a negative net margin of 13.56% and a negative return on equity of 6.95%. The company had revenue of $787.59 million for the quarter, compared to the consensus estimate of $14.96 billion. On average, equities analysts expect that Grupo Televisa S.A. will post -0.07 earnings per share for the current year.

Grupo Televisa 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.

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