Peak6 LLC Acquires Shares of 24,411 Grupo Televisa, S.A.B. (NYSE:TV)

Peak6 LLC bought a new position in shares of Grupo Televisa, S.A.B. (NYSE:TV) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 24,411 shares of the company’s stock, valued at approximately $41,000.

A number of other institutional investors have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new position in Grupo Televisa, S.A.B. during the third quarter worth $123,000. Central Pacific Bank Trust Division increased its stake in shares of Grupo Televisa, S.A.B. by 66.7% during 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 in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Grupo Televisa, S.A.B. by 245.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock worth $3,320,000 after purchasing an additional 1,404,933 shares during the last quarter. GFS Advisors LLC purchased a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at about $3,600,000. Finally, Banco Santander S.A. lifted its stake in 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. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Trading Up 2.2 %

TV opened at $1.85 on Wednesday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -2.53 and a beta of 1.70. The company’s 50 day simple moving average is $1.84 and its two-hundred day simple moving average is $1.97. 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.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) EPS 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 company had revenue of $758.58 million for the quarter, compared to analysts’ expectations of $15.49 billion. Analysts expect that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TV shares. Benchmark reissued a “buy” rating and set a $7.00 target price (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, January 28th.

About Grupo Televisa, S.A.B.

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.