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

Gamco Investors INC. ET AL lifted its stake in Grupo Televisa, S.A.B. (NYSE:TV) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,119,063 shares of the company’s stock after buying an additional 500,271 shares during the period. Gamco Investors INC. ET AL owned approximately 3.09% of Grupo Televisa, S.A.B. worth $28,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC bought a new stake in Grupo Televisa, S.A.B. in the 4th quarter worth $168,000. Employees Retirement System of Texas purchased a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter worth about $84,000. Russell Investments Group Ltd. bought a new stake in shares of Grupo Televisa, S.A.B. in the fourth quarter worth about $47,000. Discovery Capital Management LLC CT raised its position in Grupo Televisa, S.A.B. by 0.6% during the 4th quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company’s stock valued at $29,462,000 after purchasing an additional 100,100 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Grupo Televisa, S.A.B. in the 4th quarter worth approximately $939,000. Institutional investors own 55.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Benchmark reissued a “buy” rating and set a $7.00 target price (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. The Goldman Sachs Group cut their target price 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Grupo Televisa, S.A.B. has a consensus rating of “Hold” and a consensus target price of $4.23.

Grupo Televisa, S.A.B. Stock Up 1.2 %

Shares of Grupo Televisa, S.A.B. stock opened at $1.72 on Tuesday. Grupo Televisa, S.A.B. has a 1 year low of $1.55 and a 1 year high of $3.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The company has a 50-day moving average of $1.87 and a 200 day moving average 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. (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, sell-side analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share 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.