Gabelli Funds LLC Acquires 294,300 Shares of Grupo Televisa S.A. $TV

Gabelli Funds LLC increased its position in Grupo Televisa S.A. (NYSE:TV) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,090,600 shares of the company’s stock after purchasing an additional 294,300 shares during the period. Gabelli Funds LLC’s holdings in Grupo Televisa were worth $12,409,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Grupo Televisa by 72.7% during the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock valued at $28,000 after purchasing an additional 6,770 shares during the last quarter. R Squared Ltd grew its holdings in Grupo Televisa by 405.9% during the 1st quarter. R Squared Ltd now owns 21,400 shares of the company’s stock valued at $37,000 after buying an additional 17,170 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Grupo Televisa by 3,312.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock worth $52,000 after purchasing an additional 30,143 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Grupo Televisa by 264.9% during the first quarter. XTX Topco Ltd now owns 43,728 shares of the company’s stock worth $77,000 after purchasing an additional 31,746 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new position in shares of Grupo Televisa during the fourth quarter worth about $84,000. 55.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a research note on Wednesday. UBS Group raised their target price on shares of Grupo Televisa from $2.40 to $2.50 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Zacks Research lowered Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen lowered Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, Benchmark raised their price objective on Grupo Televisa from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Grupo Televisa presently has an average rating of “Hold” and a consensus target price of $4.70.

Grupo Televisa Trading Up 9.1%

Grupo Televisa stock opened at $2.70 on Thursday. The business has a 50-day simple moving average of $2.37 and a two-hundred day simple moving average of $2.07. The company has a market cap of $1.49 billion, a P/E ratio of -3.59, a P/E/G ratio of 1.55 and a beta of 1.97. Grupo Televisa S.A. has a 52-week low of $1.55 and a 52-week high of $2.89. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.03.

Grupo Televisa (NYSE:TV) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $787.59 million during the quarter, compared to the consensus estimate of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%. Analysts predict that Grupo Televisa S.A. will post -0.07 EPS for the current year.

About Grupo Televisa

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.