Rehmann Capital Advisory Group boosted its stake in shares of Grupo Televisa SAB (NYSE:TV) by 944.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,473 shares of the company’s stock after purchasing an additional 1,332 shares during the period. Rehmann Capital Advisory Group’s holdings in Grupo Televisa SAB were worth $26,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in Grupo Televisa SAB in the 3rd quarter worth about $175,000. Moody National Bank Trust Division acquired a new stake in Grupo Televisa SAB in the 3rd quarter worth about $177,000. Stevens Capital Management LP acquired a new stake in Grupo Televisa SAB in the 3rd quarter worth about $207,000. Marshall Wace LLP acquired a new stake in Grupo Televisa SAB in the 3rd quarter worth about $211,000. Finally, Seven Eight Capital LP acquired a new stake in Grupo Televisa SAB in the 3rd quarter worth about $307,000. 50.47% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Grupo Televisa SAB from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Scotiabank reissued a “buy” rating on shares of Grupo Televisa SAB in a research note on Friday, November 9th. ValuEngine raised shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. TheStreet lowered shares of Grupo Televisa SAB from a “b-” rating to a “c+” rating in a research note on Friday, August 17th. Finally, UBS Group lowered shares of Grupo Televisa SAB from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.75.
Shares of TV stock traded up $0.02 during trading on Thursday, hitting $13.20. 59,924 shares of the stock traded hands, compared to its average volume of 1,777,128. The firm has a market cap of $7.44 billion, a PE ratio of 32.15, a PEG ratio of 0.62 and a beta of 1.32. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.74 and a current ratio of 1.76. Grupo Televisa SAB has a 52-week low of $12.81 and a 52-week high of $21.41.
Grupo Televisa SAB (NYSE:TV) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Grupo Televisa SAB had a net margin of 6.41% and a return on equity of 6.29%. Equities research analysts predict that Grupo Televisa SAB will post 0.66 EPS for the current fiscal year.
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Grupo Televisa SAB 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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