Levin Capital Strategies L.P. Acquires 3,119,098 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Levin Capital Strategies L.P. lifted its position in Grupo Televisa, S.A.B. (NYSE:TV) by 61.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,216,992 shares of the company’s stock after acquiring an additional 3,119,098 shares during the quarter. Grupo Televisa, S.A.B. makes up approximately 3.0% of Levin Capital Strategies L.P.’s portfolio, making the stock its 8th largest position. Levin Capital Strategies L.P.’s holdings in Grupo Televisa, S.A.B. were worth $27,445,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alua Capital Management LP grew its position in Grupo Televisa, S.A.B. by 4.5% during the third quarter. Alua Capital Management LP now owns 10,985,011 shares of the company’s stock valued at $33,504,000 after buying an additional 476,543 shares during the period. Gamco Investors INC. ET AL grew its position in Grupo Televisa, S.A.B. by 11.1% during the third quarter. Gamco Investors INC. ET AL now owns 9,795,478 shares of the company’s stock valued at $29,876,000 after buying an additional 979,481 shares during the period. AQR Capital Management LLC grew its position in Grupo Televisa, S.A.B. by 8.6% during the third quarter. AQR Capital Management LLC now owns 6,716,568 shares of the company’s stock valued at $20,486,000 after buying an additional 533,822 shares during the period. Gabelli Funds LLC grew its position in Grupo Televisa, S.A.B. by 0.9% during the third quarter. Gabelli Funds LLC now owns 5,344,200 shares of the company’s stock valued at $16,300,000 after buying an additional 48,500 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Grupo Televisa, S.A.B. during the third quarter valued at about $3,596,000. Institutional investors own 55.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TV shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $4.00 price objective (down from $7.00) on shares of Grupo Televisa, S.A.B. in a report on Friday, January 5th. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Finally, Bank of America downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 price objective on the stock. in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.28.

Grupo Televisa, S.A.B. Price Performance

Shares of Grupo Televisa, S.A.B. stock traded up $0.15 on Thursday, reaching $3.06. The stock had a trading volume of 595,085 shares, compared to its average volume of 1,577,791. Grupo Televisa, S.A.B. has a 1 year low of $2.10 and a 1 year high of $5.41. The company has a market cap of $1.69 billion, a P/E ratio of -3.51 and a beta of 1.79. The company has a current ratio of 1.59, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $3.05 and its two-hundred day moving average is $2.96.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.87). Grupo Televisa, S.A.B. had a negative return on equity of 6.20% and a negative net margin of 11.78%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company posted ($1.27) earnings per share. As a group, research analysts anticipate that Grupo Televisa, S.A.B. will post 0.05 EPS for the current year.

About Grupo Televisa, S.A.B.

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.