Grupo Televisa S.A. $TV Holdings Reduced by FPR Partners LLC

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 lowered its position in shares of Grupo Televisa S.A. (NYSE:TV - Free Report) by 73.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,851,700 shares of the company's stock after selling 16,589,070 shares during the quarter. Grupo Televisa comprises about 1.8% of FPR Partners LLC's portfolio, making the stock its 9th largest position. FPR Partners LLC owned about 1.06% of Grupo Televisa worth $10,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Grupo Televisa by 72.7% in the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after buying an additional 6,770 shares during the period. EntryPoint Capital LLC lifted its holdings in shares of Grupo Televisa by 6.9% in the 1st quarter. EntryPoint Capital LLC now owns 137,851 shares of the company's stock valued at $241,000 after buying an additional 8,953 shares during the period. R Squared Ltd lifted its holdings 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. Northern Trust Corp lifted its holdings in shares of Grupo Televisa by 57.9% in the 4th quarter. Northern Trust Corp now owns 64,512 shares of the company's stock valued at $108,000 after buying an additional 23,648 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Grupo Televisa by 100.0% in the 1st quarter. Atria Wealth Solutions Inc. now owns 49,000 shares of the company's stock valued at $86,000 after buying an additional 24,500 shares during the period. Institutional investors and hedge funds own 55.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TV. Zacks Research lowered Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Benchmark lifted their price target on Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group lowered Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price target for the company. in a research note on Friday, August 8th. UBS Group lifted their price target on Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $4.70.

Grupo Televisa Price Performance

Shares of Grupo Televisa stock traded up $0.1250 during mid-day trading on Friday, reaching $2.4850. 1,379,101 shares of the stock traded hands, compared to its average volume of 1,828,786. The business has a 50-day moving average of $2.35 and a 200 day moving average of $2.06. Grupo Televisa S.A. has a fifty-two week low of $1.55 and a fifty-two week high of $2.89. The stock has a market capitalization of $1.38 billion, a PE ratio of -3.31, a PEG ratio of 1.56 and a beta of 1.97. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.03.

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

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.