Gabelli Funds LLC Has $18.83 Million Position in Grupo Televisa S.A. $TV

Gabelli Funds LLC boosted its position in Grupo Televisa S.A. (NYSE:TV) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,999,100 shares of the company’s stock after buying an additional 388,500 shares during the period. Gabelli Funds LLC’s holdings in Grupo Televisa were worth $18,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its holdings in shares of Grupo Televisa by 2.0% during the third quarter. Gamco Investors INC. ET AL now owns 18,921,985 shares of the company’s stock worth $50,900,000 after buying an additional 370,166 shares in the last quarter. US Bancorp DE grew its stake in shares of Grupo Televisa by 32.8% in the third quarter. US Bancorp DE now owns 217,066 shares of the company’s stock valued at $584,000 after acquiring an additional 53,659 shares in the last quarter. JPMorgan Chase & Co. increased its position in Grupo Televisa by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 22,426,972 shares of the company’s stock worth $60,329,000 after acquiring an additional 1,367,578 shares during the period. Assetmark Inc. increased its position in Grupo Televisa by 155.6% during the third quarter. Assetmark Inc. now owns 40,110 shares of the company’s stock worth $108,000 after acquiring an additional 24,416 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Grupo Televisa by 24.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 167,581 shares of the company’s stock worth $451,000 after purchasing an additional 33,413 shares in the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TV. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Wednesday, January 21st. Zacks Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Televisa in a research note on Tuesday, March 3rd. Finally, Benchmark reissued a “buy” rating on shares of Grupo Televisa in a research report on Friday, January 2nd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.07.

Grupo Televisa Stock Down 0.4%

TV stock opened at $2.84 on Friday. Grupo Televisa S.A. has a 52 week low of $1.55 and a 52 week high of $3.49. The business has a 50-day simple moving average of $3.12 and a 200 day simple moving average of $2.86. The company has a quick ratio of 2.29, a current ratio of 2.12 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.57 billion, a PE ratio of -3.19, a price-to-earnings-growth ratio of 2.39 and a beta of 1.96.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.77). Grupo Televisa had a negative return on equity of 8.56% and a negative net margin of 15.75%.The firm had revenue of $794.82 million for the quarter, compared to analyst estimates of $799.01 million. Sell-side analysts anticipate that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

Grupo Televisa Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.