Headlands Technologies LLC Has $98,000 Stake in Grupo Televisa, S.A.B. (NYSE:TV)

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

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $939,000. EntryPoint Capital LLC boosted its position in shares of Grupo Televisa, S.A.B. by 55.3% during the fourth quarter. EntryPoint Capital LLC now owns 128,898 shares of the company’s stock worth $217,000 after purchasing an additional 45,889 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Grupo Televisa, S.A.B. by 11.8% during the fourth quarter. American Century Companies Inc. now owns 1,312,209 shares of the company’s stock worth $2,205,000 after purchasing an additional 138,303 shares in the last quarter. Banco Santander S.A. increased its position in shares of Grupo Televisa, S.A.B. by 73.6% in the 4th quarter. Banco Santander S.A. now owns 317,620 shares of the company’s stock valued at $534,000 after buying an additional 134,621 shares in the last quarter. Finally, GFS Advisors LLC bought a new stake in shares of 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 Analyst Weigh In

Several research analysts have weighed in on TV shares. The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. 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 research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.23.

Grupo Televisa, S.A.B. Stock Performance

TV opened at $1.67 on Monday. The company has a market capitalization of $924.85 million, a price-to-earnings ratio of -2.29 and a beta of 1.70. The business’s 50-day moving average price is $1.90 and its two-hundred day moving average price is $2.03. Grupo Televisa, S.A.B. has a 1 year low of $1.56 and a 1 year high of $3.47. 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. (NYSE:TV) last announced its earnings results 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 firm had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. Equities analysts expect that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Grupo Televisa, S.A.B. Company 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.