Grupo Televisa S.A. $TV Shares Acquired by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. increased its stake in Grupo Televisa S.A. by 4.8%, acquiring an additional 827,363 shares and now owns approximately 3.24% of the company, valued at $31.4 million.
• Grupo Televisa stock opened at $2.495 and has experienced fluctuations with a 1-year low of $1.55 and a high of $2.89.
• Recent analyst reports have resulted in mixed ratings, with Benchmark raising the price target to $9.00 while Goldman Sachs and Zacks issued lower ratings and targets.

Gamco Investors INC. ET AL lifted its stake in shares of Grupo Televisa S.A. (NYSE:TV - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,946,426 shares of the company's stock after acquiring an additional 827,363 shares during the quarter. Gamco Investors INC. ET AL owned about 3.24% of Grupo Televisa worth $31,406,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Gabelli Funds LLC increased its stake in shares of Grupo Televisa by 4.3% during the first quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company's stock valued at $12,409,000 after acquiring an additional 294,300 shares during the period. Itau Unibanco Holding S.A. increased its stake in shares of 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 acquiring an additional 1,736,160 shares during the period. American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 129,282 shares during the period. Banco Santander S.A. grew its position in Grupo Televisa by 23.1% in the first quarter. Banco Santander S.A. now owns 390,892 shares of the company's stock worth $684,000 after buying an additional 73,272 shares during the last quarter. Finally, Millennium Management LLC grew 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 worth $599,000 after buying an additional 186,165 shares during the last quarter. Institutional investors and hedge funds own 55.77% of the company's stock.

Grupo Televisa Stock Up 0.2%

Grupo Televisa stock opened at $2.4950 on Tuesday. The company has a market capitalization of $1.38 billion, a P/E ratio of -3.33, a P/E/G ratio of 1.56 and a beta of 1.97. The firm's fifty day simple moving average is $2.35 and its 200-day simple moving average is $2.06. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. Grupo Televisa S.A. has a 1-year low of $1.55 and a 1-year high of $2.89.

Grupo Televisa (NYSE:TV - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share 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 net margin of 13.56% and a negative return on equity of 6.95%. Sell-side analysts forecast 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 issued reports on TV shares. Benchmark lifted their price target on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group lowered shares of Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price target on the stock. in a research report on Friday, August 8th. Zacks Research lowered shares of Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. UBS Group raised their price objective on shares of Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.

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