Robeco Institutional Asset Management B.V. Sells 500,089 Shares of Grupo Televisa S.A. $TV

Key Points

• Robeco Institutional Asset Management B.V. reduced its Grupo Televisa stake by 76.6%, selling 500,089 shares in the third quarter and retaining 153,013 shares valued at approximately $349,000.
• Grupo Televisa shares opened at $2.29, near the company’s 52-week low of $2.18, with a market capitalization of about $1.22 billion; institutional investors own 55.77% of the stock.
• Analyst sentiment remains weak, with a consensus rating of “Reduce” based on one Buy, three Hold, and two Sell ratings, despite an average price target of $6.55.

Robeco Institutional Asset Management B.V. cut its stake in Grupo Televisa S.A. (NYSE:TV - Free Report) by 76.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,013 shares of the company's stock after selling 500,089 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Grupo Televisa were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Gabelli Funds LLC increased its position in shares of Grupo Televisa by 1.7% in the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company's stock worth $22,755,000 after purchasing an additional 133,000 shares during the period. Barometer Capital Management Inc. lifted its position in Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company's stock worth $1,315,000 after purchasing an additional 443,400 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Grupo Televisa during the first quarter worth about $413,000. NewEdge Advisors LLC lifted its position in Grupo Televisa by 1,335.4% during the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company's stock worth $392,000 after purchasing an additional 125,473 shares during the period. Finally, Lido Advisors LLC acquired a new stake in Grupo Televisa during the first quarter worth about $62,000. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa Stock Performance

TV stock opened at $2.29 on Tuesday. The firm has a market cap of $1.22 billion, a PE ratio of -2.52, a price-to-earnings-growth ratio of 0.77 and a beta of 1.54. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $2.46 and a 200-day moving average price of $2.81. Grupo Televisa S.A. has a 1-year low of $2.18 and a 1-year high of $3.49.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TV shares. New Street Research raised shares of Grupo Televisa from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 21st. Zacks Research cut shares of Grupo Televisa from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. Wall Street Zen downgraded shares of Grupo Televisa from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. UBS Group decreased their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating on the stock in a research note on Monday, July 6th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Grupo Televisa in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $6.55.

Grupo Televisa Profile

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its operations include pay television, broadband and fixed-line telecommunications services, primarily through its izzi brand, as well as satellite television services through Sky México. The company serves residential and commercial customers across Mexico.

Televisa also maintains interests in content and entertainment businesses. In 2022, it combined substantially all of its media and content assets with Univision to create TelevisaUnivision, a Spanish-language media company serving audiences in Mexico, the United States and other international markets.

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