Millennium Management LLC Has $3.86 Million Stake in Grupo Televisa SAB (TV)

Millennium Management LLC cut its stake in Grupo Televisa SAB (NYSE:TV) by 74.7% in the 2nd quarter, Holdings Channel reports. The firm owned 203,626 shares of the company’s stock after selling 602,505 shares during the quarter. Millennium Management LLC’s holdings in Grupo Televisa SAB were worth $3,859,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Timber Creek Capital Management LLC increased its position in shares of Grupo Televisa SAB by 4.5% during the second quarter. Timber Creek Capital Management LLC now owns 73,240 shares of the company’s stock valued at $1,387,000 after acquiring an additional 3,145 shares during the last quarter. Northern Trust Corp increased its position in shares of Grupo Televisa SAB by 1.1% during the first quarter. Northern Trust Corp now owns 503,264 shares of the company’s stock valued at $8,032,000 after acquiring an additional 5,557 shares during the last quarter. US Bancorp DE increased its position in shares of Grupo Televisa SAB by 11.3% during the second quarter. US Bancorp DE now owns 62,514 shares of the company’s stock valued at $1,185,000 after acquiring an additional 6,334 shares during the last quarter. Royal Bank of Canada increased its position in shares of Grupo Televisa SAB by 75.1% during the first quarter. Royal Bank of Canada now owns 16,742 shares of the company’s stock valued at $267,000 after acquiring an additional 7,178 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Grupo Televisa SAB during the second quarter valued at approximately $196,000. 54.32% of the stock is owned by hedge funds and other institutional investors.

Shares of TV opened at $15.81 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.77 and a quick ratio of 1.74. The company has a market cap of $10.17 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.22. Grupo Televisa SAB has a 12 month low of $14.20 and a 12 month high of $24.04.

A number of analysts recently commented on TV shares. TheStreet downgraded Grupo Televisa SAB from a “b-” rating to a “c+” rating in a research report on Friday, August 17th. Bank of America increased their price target on Grupo Televisa SAB from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, July 17th. Gabelli reaffirmed a “buy” rating on shares of Grupo Televisa SAB in a research report on Wednesday, July 11th. Zacks Investment Research raised Grupo Televisa SAB from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, August 15th. Finally, Scotiabank set a $15.00 price target on Grupo Televisa SAB and gave the company a “sell” rating in a research report on Wednesday, July 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.75.

Grupo Televisa SAB Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.

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Institutional Ownership by Quarter for Grupo Televisa SAB (NYSE:TV)

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