American Century Companies Inc. Buys 129,282 Shares of Grupo Televisa S.A. $TV

Key Points

• American Century Companies Inc. increased its stake in Grupo Televisa S.A. by 9.9% during the 1st quarter, owning 1,441,491 shares valued at approximately $2.52 million, according to a recent SEC filing.
• Grupo Televisa's stock price opened at $2.79, with a 1-year range between $1.55 and $2.89, and it has a market capitalization of $1.54 billion.
• Analysts have mixed ratings on Grupo Televisa, with a target price ranging from $2.60 to $9.00, indicating differing opinions on the stock's future performance.

American Century Companies Inc. raised its position in Grupo Televisa S.A. (NYSE:TV - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,441,491 shares of the company's stock after acquiring an additional 129,282 shares during the period. American Century Companies Inc. owned about 0.26% of Grupo Televisa worth $2,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its position in shares of Grupo Televisa by 72.7% during the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock worth $28,000 after buying an additional 6,770 shares during the period. R Squared Ltd increased its stake in shares of Grupo Televisa by 405.9% in the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock valued at $37,000 after buying an additional 17,170 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Grupo Televisa by 3,312.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock valued at $52,000 after buying an additional 30,143 shares during the period. XTX Topco Ltd boosted its position in shares of Grupo Televisa by 264.9% in the 1st quarter. XTX Topco Ltd now owns 43,728 shares of the company's stock worth $77,000 after purchasing an additional 31,746 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of Grupo Televisa in the 4th quarter worth $84,000. Institutional investors own 55.77% of the company's stock.

Grupo Televisa Price Performance

Shares of NYSE:TV remained flat at $2.83 during midday trading on Thursday. The company had a trading volume of 579,550 shares, compared to its average volume of 2,072,418. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.35. The company's fifty day moving average is $2.41 and its 200 day moving average is $2.09. The firm has a market capitalization of $1.57 billion, a PE ratio of -3.77, a PEG ratio of 2.91 and a beta of 1.97. Grupo Televisa S.A. has a twelve month low of $1.55 and a twelve month high of $2.90.

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

Analysts Set New Price Targets

Several research analysts have weighed in on TV shares. The Goldman Sachs Group lowered Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 target price on the stock. in a report on Friday, August 8th. UBS Group lifted their target price on Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Zacks Research lowered Grupo Televisa from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. upgraded Grupo Televisa from a "neutral" rating to an "overweight" rating in a report on Wednesday, August 27th. Finally, Wall Street Zen lowered Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Grupo Televisa currently has an average rating of "Hold" and an average target price of $4.70.

Grupo Televisa 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.