Grupo Televisa S.A. $TV is FPR Partners LLC's 9th Largest Position

Key Points

• FPR Partners LLC significantly reduced its stake in Grupo Televisa S.A. by selling 16,589,070 shares, which represents a 73.9% decrease in their holdings.
• Several institutional investors have increased their stakes in Grupo Televisa, with notable increases from Tower Research Capital LLC and Northern Trust Corp, indicating growing interest in the company.
• Grupo Televisa's earnings report showed a positive EPS of $0.05, surpassing estimates, yet the firm continues to face challenges with negative return on equity and margins in the current fiscal year.

FPR Partners LLC trimmed its holdings in Grupo Televisa S.A. (NYSE:TV - Free Report) by 73.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,851,700 shares of the company's stock after selling 16,589,070 shares during the period. Grupo Televisa accounts for 1.8% of FPR Partners LLC's holdings, making the stock its 9th largest position. FPR Partners LLC owned 1.06% of Grupo Televisa worth $10,240,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TV. Itau Unibanco Holding S.A. raised its position in Grupo Televisa by 13,477.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company's stock valued at $2,938,000 after purchasing an additional 1,736,160 shares in the last quarter. Marshall Wace LLP acquired a new position in Grupo Televisa during the fourth quarter valued at approximately $394,000. Millennium Management LLC raised its position in Grupo Televisa by 109.2% during the fourth quarter. Millennium Management LLC now owns 356,624 shares of the company's stock valued at $599,000 after purchasing an additional 186,165 shares in the last quarter. American Century Companies Inc. raised its position in Grupo Televisa by 9.9% during the first quarter. American Century Companies Inc. now owns 1,441,491 shares of the company's stock valued at $2,523,000 after purchasing an additional 129,282 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Grupo Televisa during the fourth quarter valued at approximately $213,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa Stock Up 7.9%

Shares of TV stock traded up $0.20 on Wednesday, reaching $2.67. 1,241,273 shares of the company were exchanged, compared to its average volume of 2,096,110. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -3.55, a PEG ratio of 1.56 and a beta of 1.97. The company has a 50-day moving average of $2.36 and a 200-day moving average of $2.06. 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 one year low of $1.55 and a one year high of $2.89.

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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. The company had revenue of $787.59 million for the quarter, compared to analysts' expectations of $14.96 billion. Grupo Televisa had a negative net margin of 13.56% and a negative return on equity of 6.95%. Analysts anticipate that Grupo Televisa S.A. will post -0.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on TV. JPMorgan Chase & Co. raised shares of Grupo Televisa from a "neutral" rating to an "overweight" rating in a research note on Wednesday. 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 note on Friday, August 8th. 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 cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Zacks Research cut shares of Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.70.

About Grupo Televisa

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.