Grupo Televisa S.A. $TV Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in Grupo Televisa S.A. by 28.3%, selling over 1.7 million shares, leaving it with approximately 0.78% ownership valued at $7.57 million.
• Analysts have mixed opinions on Grupo Televisa, with some like UBS Group raising their price target to $2.50, while others such as Wall Street Zen downgraded the stock from "buy" to "hold."
• The company reported a net loss and had earnings per share (EPS) of $0.05, surpassing the consensus estimate by $0.06, but also had a revenue far below expectations at $787.59 million.

AQR Capital Management LLC trimmed its holdings in shares of Grupo Televisa S.A. (NYSE:TV - Free Report) by 28.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,326,090 shares of the company's stock after selling 1,707,516 shares during the period. AQR Capital Management LLC owned approximately 0.78% of Grupo Televisa worth $7,571,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp grew 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 worth $108,000 after acquiring an additional 23,648 shares during the last quarter. Bank of America Corp DE boosted its holdings in Grupo Televisa by 41.4% during the fourth quarter. Bank of America Corp DE now owns 222,202 shares of the company's stock valued at $373,000 after acquiring an additional 65,048 shares during the period. Millennium Management LLC grew its position in Grupo Televisa by 109.2% in the 4th quarter. Millennium Management LLC now owns 356,624 shares of the company's stock worth $599,000 after purchasing an additional 186,165 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Grupo Televisa in the fourth quarter valued at about $84,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Grupo Televisa during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 55.77% of the company's stock.

Analyst Upgrades and Downgrades

TV has been the subject of several recent analyst reports. 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 report on Tuesday, July 29th. Wall Street Zen cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Zacks Research downgraded shares of Grupo Televisa from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. 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. Finally, JPMorgan Chase & Co. upgraded Grupo Televisa from a "neutral" rating to an "overweight" rating in a research note on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.70.

Grupo Televisa Trading Down 0.2%

NYSE TV opened at $2.78 on Friday. The business's fifty day moving average is $2.47 and its 200 day moving average is $2.12. 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 S.A. has a twelve month low of $1.55 and a twelve month high of $2.95. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -3.70, a price-to-earnings-growth ratio of 2.90 and a beta of 1.97.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its 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 business had revenue of $787.59 million for the quarter, compared to the consensus estimate of $14.96 billion. As a group, sell-side analysts expect that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

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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