Robeco Institutional Asset Management B.V. Buys Shares of 571,461 Grupo Televisa, S.A.B. (NYSE:TV)

Robeco Institutional Asset Management B.V. bought a new stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 571,461 shares of the company’s stock, valued at approximately $1,463,000. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Grupo Televisa, S.A.B. at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ballentine Partners LLC increased its position in shares of Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock valued at $95,000 after purchasing an additional 5,658 shares during the period. Central Pacific Bank Trust Division increased its position in shares of Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,000 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Grupo Televisa, S.A.B. by 22.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 98,282 shares of the company’s stock valued at $272,000 after purchasing an additional 17,864 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of Grupo Televisa, S.A.B. by 199.3% during the 2nd quarter. Squarepoint Ops LLC now owns 91,482 shares of the company’s stock valued at $253,000 after purchasing an additional 60,918 shares during the period. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Stock Performance

Shares of NYSE TV opened at $2.40 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.38, a PEG ratio of 1.11 and a beta of 1.88. The stock’s fifty day simple moving average is $2.27 and its 200 day simple moving average is $2.52. Grupo Televisa, S.A.B. has a 52-week low of $1.69 and a 52-week high of $3.64.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. The business had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. As a group, sell-side analysts forecast that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TV. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lowered their price target on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Benchmark decreased their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Grupo Televisa, S.A.B. currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.35.

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.