New Jersey Better Educational Savings Trust Buys New Holdings in Grupo Televisa SAB (TV)

New Jersey Better Educational Savings Trust bought a new position in shares of Grupo Televisa SAB (NYSE:TV) in the 2nd quarter, Holdings Channel reports. The fund bought 21,000 shares of the company’s stock, valued at approximately $398,000.

Several other hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in Grupo Televisa SAB by 127.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 112,360 shares of the company’s stock valued at $2,129,000 after purchasing an additional 62,993 shares during the period. Fisher Asset Management LLC boosted its holdings in Grupo Televisa SAB by 0.4% in the 2nd quarter. Fisher Asset Management LLC now owns 10,298,489 shares of the company’s stock valued at $195,156,000 after purchasing an additional 41,517 shares during the period. Royal Bank of Canada boosted its holdings in Grupo Televisa SAB by 75.1% in the 1st quarter. Royal Bank of Canada now owns 16,742 shares of the company’s stock valued at $267,000 after purchasing an additional 7,178 shares during the period. Jane Street Group LLC boosted its holdings in Grupo Televisa SAB by 247.9% in the 1st quarter. Jane Street Group LLC now owns 525,673 shares of the company’s stock valued at $8,368,000 after purchasing an additional 374,566 shares during the period. Finally, Altrinsic Global Advisors LLC boosted its holdings in Grupo Televisa SAB by 0.9% in the 1st quarter. Altrinsic Global Advisors LLC now owns 4,026,411 shares of the company’s stock valued at $64,262,000 after purchasing an additional 35,016 shares during the period.

A number of analysts have issued reports on the stock. Scotiabank set a $15.00 price objective on shares of Grupo Televisa SAB and gave the company a “sell” rating in a report on Wednesday, July 11th. ValuEngine raised shares of Grupo Televisa SAB from a “strong sell” rating to a “sell” rating in a report on Friday, June 15th. Zacks Investment Research raised shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a report on Saturday, June 30th. Goldman Sachs Group started coverage on shares of Grupo Televisa SAB in a research report on Tuesday, April 3rd. They issued a “neutral” rating for the company. Finally, UBS Group cut shares of Grupo Televisa SAB from an “outperform” rating to a “market perform” rating in a research report on Monday, April 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Grupo Televisa SAB currently has a consensus rating of “Hold” and a consensus price target of $22.75.

Shares of Grupo Televisa SAB traded up $0.05, hitting $20.04, during midday trading on Monday, Marketbeat.com reports. The stock had a trading volume of 150,912 shares, compared to its average volume of 1,971,721. The stock has a market capitalization of $11.46 billion, a PE ratio of 48.76, a PEG ratio of 1.12 and a beta of 1.35. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 1.24. Grupo Televisa SAB has a fifty-two week low of $14.20 and a fifty-two week high of $27.37.

Grupo Televisa SAB (NYSE:TV) last issued its earnings results on Thursday, April 26th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $1.22 billion during the quarter. Grupo Televisa SAB had a net margin of 6.72% and a return on equity of 6.95%. research analysts predict that Grupo Televisa SAB will post 0.56 EPS for the current fiscal year.

Grupo Televisa SAB Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment is involved in the production of television programming and broadcasting of Channels 2, 4, 5, and 9; the sale of advertising time on programs; and the production of television programming and broadcasting for local television stations in Mexico and the United States, as well as Internet business.

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Institutional Ownership by Quarter for Grupo Televisa SAB (NYSE:TV)

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