Grupo Televisa S.A. $TV Shares Purchased by Acadian Asset Management LLC

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 Grupo Televisa S.A. (NYSE:TV - Free Report) by 99.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,688,871 shares of the company's stock after purchasing an additional 3,842,375 shares during the quarter. Acadian Asset Management LLC owned about 1.39% of Grupo Televisa worth $13,440,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC grew its stake in Grupo Televisa by 109.2% during the fourth quarter. Millennium Management LLC now owns 356,624 shares of the company's stock worth $599,000 after buying an additional 186,165 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Grupo Televisa during the fourth quarter worth approximately $213,000. Northern Trust Corp grew its stake in Grupo Televisa by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock worth $108,000 after buying an additional 23,648 shares during the period. Gamco Investors INC. ET AL grew its stake in Grupo Televisa by 4.8% during the first quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company's stock worth $31,406,000 after buying an additional 827,363 shares during the period. Finally, R Squared Ltd grew its stake in Grupo Televisa by 405.9% during the first quarter. R Squared Ltd now owns 21,400 shares of the company's stock worth $37,000 after buying an additional 17,170 shares during the period. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa Stock Performance

Shares of TV stock traded down $0.07 during trading hours on Wednesday, reaching $2.86. The stock had a trading volume of 414,877 shares, compared to its average volume of 2,019,007. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 2.33. Grupo Televisa S.A. has a twelve month low of $1.55 and a twelve month high of $2.97. The firm has a 50-day simple moving average of $2.51 and a 200-day simple moving average of $2.14. The firm has a market capitalization of $1.58 billion, a PE ratio of -3.82, a price-to-earnings-growth ratio of 2.98 and a beta of 1.97.

Grupo Televisa (NYSE:TV - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.05 earnings per share 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 business had revenue of $787.59 million for the quarter, compared to analysts' expectations of $14.96 billion. As a group, equities analysts forecast that Grupo Televisa S.A. will post -0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark boosted their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. The Goldman Sachs Group cut shares of Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 target price on the stock. in a research report on Friday, August 8th. Zacks Research cut shares of Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. raised shares of Grupo Televisa from a "neutral" rating to an "overweight" rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $4.70.

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.