Grupo Televisa, S.A.B. (NYSE:TV) Shares Sold by CastleKnight Management LP

CastleKnight Management LP lessened its position in Grupo Televisa, S.A.B. (NYSE:TV) by 19.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 425,000 shares of the company’s stock after selling 103,200 shares during the period. CastleKnight Management LP owned approximately 0.08% of Grupo Televisa, S.A.B. worth $714,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Discovery Capital Management LLC CT raised its position in shares of Grupo Televisa, S.A.B. by 0.6% during the fourth quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company’s stock worth $29,462,000 after purchasing an additional 100,100 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Grupo Televisa, S.A.B. by 3.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 17,119,063 shares of the company’s stock worth $28,760,000 after buying an additional 500,271 shares during the period. GFS Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter worth approximately $3,600,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Grupo Televisa, S.A.B. by 245.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock valued at $3,320,000 after acquiring an additional 1,404,933 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Grupo Televisa, S.A.B. by 13,477.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company’s stock valued at $2,938,000 after acquiring an additional 1,736,160 shares in the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Stock Performance

Shares of TV stock opened at $1.79 on Wednesday. Grupo Televisa, S.A.B. has a fifty-two week low of $1.55 and a fifty-two week high of $3.43. The stock’s 50-day moving average is $1.80 and its two-hundred day moving average is $1.93. 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 firm has a market cap of $991.30 million, a P/E ratio of -2.45 and a beta of 1.92.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. 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 $763.42 million for the quarter, compared to analyst estimates of $15.33 billion. Analysts predict that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group decreased 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 report on Tuesday, January 28th. Benchmark reaffirmed a “buy” rating and set 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.

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.