Ballentine Partners LLC Increases Stock Holdings in Grupo Televisa, S.A.B. (NYSE:TV)

Ballentine Partners LLC boosted its position in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 18.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,039 shares of the company’s stock after acquiring an additional 5,658 shares during the period. Ballentine Partners LLC’s holdings in Grupo Televisa, S.A.B. were worth $95,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Grupo Televisa, S.A.B. during the second quarter worth about $29,000. Central Pacific Bank Trust Division bought a new position in shares of Grupo Televisa, S.A.B. in the first quarter worth approximately $39,000. PNC Financial Services Group Inc. raised its stake in Grupo Televisa, S.A.B. by 824.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after purchasing an additional 13,322 shares in the last quarter. Welch Group LLC bought a new stake in Grupo Televisa, S.A.B. during the second quarter valued at approximately $55,000. Finally, SG Americas Securities LLC grew its stake in Grupo Televisa, S.A.B. by 35.7% in the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after buying an additional 7,406 shares in the last quarter. Institutional investors own 55.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TV has been the topic of several research reports. Benchmark lowered their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Price Performance

TV stock opened at $2.48 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31. The firm has a market cap of $1.37 billion, a P/E ratio of -3.49, a P/E/G ratio of 0.95 and a beta of 1.89. The firm’s fifty day moving average is $2.20 and its 200 day moving average is $2.55. 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 released its quarterly earnings data on Thursday, October 24th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.50% and a negative net margin of 10.88%. Research analysts predict that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

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.