Gamco Investors INC. ET AL Buys 500,271 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Gamco Investors INC. ET AL boosted its stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,119,063 shares of the company’s stock after purchasing an additional 500,271 shares during the period. Gamco Investors INC. ET AL’s holdings in Grupo Televisa, S.A.B. were worth $28,760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division boosted its position 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 last quarter. Russell Investments Group Ltd. bought a new position in shares of Grupo Televisa, S.A.B. in the 4th quarter worth approximately $47,000. Employees Retirement System of Texas purchased a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter worth approximately $84,000. B. Riley Wealth Advisors Inc. bought a new stake in Grupo Televisa, S.A.B. during the third quarter valued at approximately $123,000. Finally, Barclays PLC purchased a new stake in Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $168,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Analyst Ratings Changes

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

Grupo Televisa, S.A.B. Stock Performance

NYSE TV opened at $1.72 on Tuesday. The business has a 50-day moving average price of $1.87 and a 200-day moving average price of $2.00. The firm has a market cap of $952.54 million, a price-to-earnings ratio of -2.36 and a beta of 1.70. Grupo Televisa, S.A.B. has a twelve month low of $1.55 and a twelve month high of $3.43. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

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