Grupo Televisa, S.A.B. (NYSE:TV) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 34.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,603 shares of the company’s stock after selling 15,218 shares during the quarter. HighTower Advisors LLC’s holdings in Grupo Televisa, S.A.B. were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TV. Central Pacific Bank Trust Division increased its position in Grupo Televisa, S.A.B. by 66.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock valued at $42,000 after acquiring an additional 10,000 shares during the period. PEAK6 Investments LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at approximately $119,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Grupo Televisa, S.A.B. in the third quarter valued at approximately $123,000. Centiva Capital LP raised its stake in shares of Grupo Televisa, S.A.B. by 86.3% during the third quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock worth $260,000 after purchasing an additional 47,014 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth $284,000. 55.77% of the stock is owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Stock Down 4.6 %

Grupo Televisa, S.A.B. stock opened at $1.67 on Friday. The stock’s 50 day moving average price is $1.90 and its 200 day moving average price is $2.03. Grupo Televisa, S.A.B. has a 1-year low of $1.62 and a 1-year high of $3.47. The company has a market cap of $924.85 million, a PE ratio of -2.29 and a beta of 1.84. 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 released its earnings results on Thursday, February 20th. The company reported ($0.90) 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 business had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. On average, sell-side analysts predict that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group dropped their price objective 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. Benchmark reiterated a “buy” rating and set a $7.00 price target (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.23.

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.