Coastal Bridge Advisors LLC Grows Stake in Grupo Televisa, S.A.B. (NYSE:TV)

Coastal Bridge Advisors LLC grew its stake in Grupo Televisa, S.A.B. (NYSE:TV) by 79.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,224 shares of the company’s stock after acquiring an additional 45,852 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Grupo Televisa, S.A.B. were worth $173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TV. PEAK6 LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $41,000. Russell Investments Group Ltd. acquired a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at $47,000. Tower Research Capital LLC TRC boosted its holdings in shares of Grupo Televisa, S.A.B. by 3,312.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock worth $52,000 after purchasing an additional 30,143 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Grupo Televisa, S.A.B. in the fourth quarter valued at $84,000. Finally, Northern Trust Corp lifted its position in Grupo Televisa, S.A.B. by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company’s stock worth $108,000 after buying an additional 23,648 shares during the period. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TV shares. The Goldman Sachs Group decreased 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 report on Tuesday, January 28th. Benchmark reissued 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 note on Wednesday, March 5th.

Grupo Televisa, S.A.B. Stock Performance

Shares of TV stock opened at $1.80 on Thursday. The company’s fifty day simple moving average is $1.80 and its 200-day simple moving average is $1.93. The company has a market cap of $996.84 million, a PE ratio of -2.47 and a beta of 1.92. Grupo Televisa, S.A.B. has a 52 week low of $1.55 and a 52 week high of $3.43. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $763.42 million for the quarter, compared to analysts’ expectations of $15.33 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. As a group, equities research analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 EPS for the current 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.