Marathon Asset Management LLP purchased a new position in Grupo Televisa S.A. (NYSE:TV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 144,904 shares of the company’s stock, valued at approximately $3,575,000.
Several other institutional investors also recently bought and sold shares of the company. APG Asset Management N.V. boosted its holdings in shares of Grupo Televisa by 44.5% in the third quarter. APG Asset Management N.V. now owns 428,900 shares of the company’s stock worth $10,581,000 after acquiring an additional 132,000 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Grupo Televisa in the second quarter worth $606,000. Janus Henderson Group PLC purchased a new stake in shares of Grupo Televisa in the second quarter worth $19,706,000. Black Creek Investment Management Inc. raised its position in shares of Grupo Televisa by 62.3% in the second quarter. Black Creek Investment Management Inc. now owns 6,431,205 shares of the company’s stock worth $156,728,000 after buying an additional 2,468,802 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Grupo Televisa by 124.6% in the second quarter. Royal Bank of Canada now owns 90,829 shares of the company’s stock worth $2,214,000 after buying an additional 459,331 shares in the last quarter. 58.25% of the stock is owned by hedge funds and other institutional investors.
Grupo Televisa S.A. (TV) traded down $0.49 during midday trading on Friday, reaching $19.70. The company’s stock had a trading volume of 18,592,600 shares, compared to its average volume of 2,013,980. Grupo Televisa S.A. has a twelve month low of $19.69 and a twelve month high of $27.37. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $11,579.17, a P/E ratio of 51.77, a price-to-earnings-growth ratio of 0.97 and a beta of 1.27.
A number of equities research analysts recently issued reports on TV shares. BidaskClub downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Morgan Stanley downgraded Grupo Televisa from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $29.00 to $28.00 in a research report on Thursday, August 10th. Finally, ValuEngine downgraded Grupo Televisa from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.00.
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Grupo Televisa Profile
Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.
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