GFS Advisors LLC Invests $4.69 Million in Grupo Televisa S.A. $TV

Key Points

• GFS Advisors LLC invested approximately $4.69 million in Grupo Televisa S.A., acquiring 2,142,590 shares during the second quarter of this year.
• Grupo Televisa has seen mixed analyst ratings, with UBS Group raising its price target from $2.40 to $2.50, while Goldman Sachs downgraded the company's rating from "buy" to "neutral."
• The company's stock has exhibited volatility, trading down 3.3% recently, with an average target price set at $4.70 and an EPS forecast of -$0.07 for the current fiscal year.

GFS Advisors LLC purchased a new position in shares of Grupo Televisa S.A. (NYSE:TV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,142,590 shares of the company's stock, valued at approximately $4,692,000. GFS Advisors LLC owned approximately 0.39% of Grupo Televisa as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Grupo Televisa by 7.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,312,678 shares of the company's stock worth $2,875,000 after purchasing an additional 88,233 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Grupo Televisa by 99.9% during the first quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company's stock worth $13,440,000 after purchasing an additional 3,842,375 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Grupo Televisa by 114.8% during the first quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock worth $50,000 after purchasing an additional 15,374 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Grupo Televisa by 2.8% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 395,950 shares of the company's stock worth $693,000 after purchasing an additional 10,875 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Grupo Televisa by 4.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company's stock worth $31,406,000 after purchasing an additional 827,363 shares during the period. 55.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TV shares. 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. The Goldman Sachs Group downgraded Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price target on the stock. in a research note on Friday, August 8th. Zacks Research downgraded 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. Finally, JPMorgan Chase & Co. raised Grupo Televisa from a "neutral" rating to an "overweight" rating in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.70.

Grupo Televisa Trading Down 3.3%

Shares of NYSE:TV opened at $2.37 on Friday. The company's 50-day moving average price is $2.62 and its two-hundred day moving average price is $2.24. 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 $2.97. The stock has a market capitalization of $1.31 billion, a PE ratio of -3.16, a price-to-earnings-growth ratio of 0.78 and a beta of 1.99.

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

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.

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