Gabelli Funds LLC Buys 294,300 Shares of Grupo Televisa S.A. $TV

Key Points

• Gabelli Funds LLC has increased its holdings in Grupo Televisa S.A. by 4.3%, owning over 7 million shares valued at approximately $12.41 million as of the most recent SEC filing.
• Institutional investors control 55.77% of Grupo Televisa's stock, with other notable increases from firms like Itau Unibanco and Millennium Management.
• Analysts are divided on Grupo Televisa's outlook, with a current consensus rating of "Hold" and a price target range between $2.40 and $9.00.

Gabelli Funds LLC boosted its holdings in Grupo Televisa S.A. (NYSE:TV - Free Report) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,090,600 shares of the company's stock after buying an additional 294,300 shares during the quarter. Gabelli Funds LLC owned approximately 1.28% of Grupo Televisa worth $12,409,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC raised its position in Grupo Televisa by 109.2% in 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 during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Grupo Televisa in the fourth quarter valued at about $213,000. Marshall Wace LLP bought a new position in Grupo Televisa in the fourth quarter valued at about $394,000. Northern Trust Corp raised its position in Grupo Televisa by 57.9% in the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock valued at $108,000 after purchasing an additional 23,648 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Grupo Televisa by 3,312.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock valued at $52,000 after purchasing an additional 30,143 shares during the last quarter. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa Stock Down 0.2%

Grupo Televisa stock traded down $0.01 during mid-day trading on Tuesday, reaching $2.79. The stock had a trading volume of 305,644 shares, compared to its average volume of 2,084,479. 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 fifty-two week low of $1.55 and a fifty-two week high of $2.89. The stock's 50-day simple moving average is $2.39 and its 200-day simple moving average is $2.08. The firm has a market capitalization of $1.54 billion, a PE ratio of -3.73, a price-to-earnings-growth ratio of 2.91 and a beta of 1.97.

Grupo Televisa (NYSE:TV - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $787.59 million for the quarter, compared to analysts' expectations of $14.96 billion. On average, sell-side analysts forecast that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

TV has been the subject of several research reports. The Goldman Sachs Group downgraded Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 target price for the company. in a research report on Friday, August 8th. Wall Street Zen downgraded Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. upgraded Grupo Televisa from a "neutral" rating to an "overweight" rating in a research report on Wednesday, August 27th. UBS Group raised their price objective on Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Finally, Zacks Research downgraded Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.