Headlands Technologies LLC Sells 16,734 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Headlands Technologies LLC lessened its stake in Grupo Televisa, S.A.B. (NYSE:TV) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,256 shares of the company’s stock after selling 16,734 shares during the quarter. Headlands Technologies LLC’s holdings in Grupo Televisa, S.A.B. were worth $98,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TV. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Grupo Televisa, S.A.B. in the fourth quarter valued at $939,000. EntryPoint Capital LLC lifted its position in shares of Grupo Televisa, S.A.B. by 55.3% in the fourth quarter. EntryPoint Capital LLC now owns 128,898 shares of the company’s stock valued at $217,000 after buying an additional 45,889 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Grupo Televisa, S.A.B. by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,312,209 shares of the company’s stock worth $2,205,000 after acquiring an additional 138,303 shares during the period. Banco Santander S.A. increased its holdings in shares of Grupo Televisa, S.A.B. by 73.6% during the 4th quarter. Banco Santander S.A. now owns 317,620 shares of the company’s stock worth $534,000 after acquiring an additional 134,621 shares during the last quarter. Finally, GFS Advisors LLC bought a new stake in Grupo Televisa, S.A.B. in the 4th quarter valued at $3,600,000. 55.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on TV. Benchmark reiterated a “buy” rating and issued a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. The Goldman Sachs Group decreased their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.23.

Grupo Televisa, S.A.B. Stock Down 4.6 %

TV opened at $1.67 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The stock has a fifty day moving average of $1.90 and a 200-day moving average of $2.03. Grupo Televisa, S.A.B. has a fifty-two week low of $1.56 and a fifty-two week high of $3.47. The company has a market capitalization of $924.85 million, a P/E ratio of -2.29 and a beta of 1.70.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. The business had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. On average, equities analysts expect that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

Grupo Televisa, S.A.B. 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.