Prudential PLC Sells 61,343 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Prudential PLC reduced its holdings in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 0.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,910,567 shares of the company’s stock after selling 61,343 shares during the quarter. Prudential PLC’s holdings in Grupo Televisa, S.A.B. were worth $13,290,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Central Pacific Bank Trust Division increased its stake in Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after purchasing an additional 10,000 shares during the period. PEAK6 Investments LLC purchased a new position in Grupo Televisa, S.A.B. during the 3rd quarter worth $119,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth about $123,000. EntryPoint Capital LLC increased its stake in Grupo Televisa, S.A.B. by 55.3% during the 4th quarter. EntryPoint Capital LLC now owns 128,898 shares of the company’s stock valued at $217,000 after purchasing an additional 45,889 shares in the last quarter. Finally, Centiva Capital LP increased its position in shares of Grupo Televisa, S.A.B. by 86.3% in the 3rd quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock valued at $260,000 after acquiring an additional 47,014 shares during the period. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Stock Performance

Shares of Grupo Televisa, S.A.B. stock opened at $1.67 on Friday. The business has a 50-day moving average of $1.90 and a 200 day moving average of $2.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. Grupo Televisa, S.A.B. has a 12 month low of $1.62 and a 12 month high of $3.47. The stock has a market capitalization of $924.85 million, a price-to-earnings ratio of -2.29 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.91). The firm had revenue of $758.58 million for the quarter, compared to analysts’ expectations of $15.49 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. As a group, sell-side analysts forecast that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TV has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and set a $7.00 price target (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. The Goldman Sachs Group lowered their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. currently has an average rating of “Hold” and an average price target of $4.23.

About Grupo Televisa, S.A.B.

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.