GFS Advisors LLC Buys New Holdings in Grupo Televisa S.A. $TV

GFS Advisors LLC bought a new stake in Grupo Televisa S.A. (NYSE:TV) in the 2nd quarter, Holdings Channel.com reports. The firm bought 2,142,590 shares of the company’s stock, valued at approximately $4,692,000.

Several other hedge funds have also bought and sold shares of the company. Signaturefd LLC raised its holdings in Grupo Televisa by 72.7% in the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock valued at $28,000 after acquiring an additional 6,770 shares during the period. R Squared Ltd raised its holdings in Grupo Televisa by 405.9% in the 1st quarter. R Squared Ltd now owns 21,400 shares of the company’s stock valued at $37,000 after acquiring an additional 17,170 shares during the period. Vident Advisory LLC raised its holdings in Grupo Televisa by 114.8% in the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company’s stock valued at $50,000 after acquiring an additional 15,374 shares during the period. XTX Topco Ltd raised its holdings in Grupo Televisa by 264.9% in the 1st quarter. XTX Topco Ltd now owns 43,728 shares of the company’s stock valued at $77,000 after acquiring an additional 31,746 shares during the period. Finally, Atria Wealth Solutions Inc. raised its holdings in Grupo Televisa by 100.0% in the 1st quarter. Atria Wealth Solutions Inc. now owns 49,000 shares of the company’s stock valued at $86,000 after acquiring an additional 24,500 shares during the period. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa Stock Performance

NYSE TV opened at $2.37 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -3.16, a P/E/G ratio of 0.78 and a beta of 1.99. The firm’s 50 day simple moving average is $2.62 and its 200 day simple moving average is $2.24. Grupo Televisa S.A. has a 1 year low of $1.55 and a 1 year high of $2.97.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TV. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Wednesday. JPMorgan Chase & Co. raised shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a report on Wednesday, August 27th. Zacks Research cut shares of Grupo Televisa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. 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. Finally, The Goldman Sachs Group cut shares of Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 target price on the stock. in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Grupo Televisa currently has an average rating of “Hold” and an average price target of $4.70.

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.