Central Pacific Bank Trust Division Purchases 10,000 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Central Pacific Bank Trust Division raised its position in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 66.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Central Pacific Bank Trust Division’s holdings in Grupo Televisa, S.A.B. were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at approximately $29,000. Ballentine Partners LLC lifted its holdings in Grupo Televisa, S.A.B. by 23.3% during the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after buying an additional 5,939 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Grupo Televisa, S.A.B. during the third quarter worth $90,000. PEAK6 Investments LLC bought a new stake in Grupo Televisa, S.A.B. during the 3rd quarter valued at $119,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at $123,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Stock Performance

TV opened at $1.73 on Monday. The company has a market cap of $958.07 million, a P/E ratio of -2.44, a price-to-earnings-growth ratio of 0.56 and a beta of 1.82. 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 firm’s 50-day moving average price is $2.03 and its 200-day moving average price is $2.20. Grupo Televisa, S.A.B. has a 52-week low of $1.66 and a 52-week high of $3.65.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The business had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. As a group, equities analysts anticipate that Grupo Televisa, S.A.B. will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Benchmark decreased their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group cut their price objective on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.67.

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.