AQR Capital Management LLC Has $7.57 Million Position in Grupo Televisa S.A. $TV

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TV. Northern Trust Corp increased its stake 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 acquiring an additional 23,648 shares during the period. Bank of America Corp DE increased its stake in Grupo Televisa by 41.4% in 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 increased its stake 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 acquiring an additional 186,165 shares during the period. Employees Retirement System of Texas bought a new stake in Grupo Televisa in the fourth quarter valued at about $84,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Grupo Televisa in the fourth quarter valued at about $213,000. Institutional investors own 55.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Zacks Research lowered shares of Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research 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. Benchmark boosted their price target on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, UBS Group boosted their price target on shares of Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $4.70.

Grupo Televisa Price Performance

Shares of TV stock traded down $0.09 during trading hours on Wednesday, reaching $2.83. 1,195,945 shares of the company were exchanged, compared to its average volume of 1,105,111. Grupo Televisa S.A. has a fifty-two week low of $1.55 and a fifty-two week high of $2.97. The stock's fifty day moving average is $2.52 and its two-hundred day moving average is $2.15. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -3.77, a P/E/G ratio of 3.05 and a beta of 1.97. 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 (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, topping analysts' consensus estimates 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 company had revenue of $787.59 million for the quarter, compared to analyst estimates of $14.96 billion. Sell-side analysts forecast that Grupo Televisa S.A. will post -0.07 earnings per share 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.