Fmr LLC Sells 882,960 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

FMR LLC reduced its holdings in Grupo Televisa, S.A.B. (NYSE:TV - Free Report) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,390,889 shares of the company's stock after selling 882,960 shares during the quarter. FMR LLC owned 2.06% of Grupo Televisa, S.A.B. worth $29,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TV. Banco Santander S.A. increased its position in shares of Grupo Televisa, S.A.B. by 13.0% in the third quarter. Banco Santander S.A. now owns 182,999 shares of the company's stock worth $468,000 after acquiring an additional 20,999 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Grupo Televisa, S.A.B. in the third quarter worth approximately $284,000. Oppenheimer & Co. Inc. purchased a new position in shares of Grupo Televisa, S.A.B. in the third quarter worth approximately $90,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Grupo Televisa, S.A.B. in the third quarter worth approximately $1,463,000. Finally, Ballentine Partners LLC increased its position in shares of Grupo Televisa, S.A.B. by 18.0% in the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company's stock worth $95,000 after acquiring an additional 5,658 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa, S.A.B. Price Performance

Shares of TV stock traded down $0.04 during mid-day trading on Tuesday, reaching $1.94. The company's stock had a trading volume of 1,461,428 shares, compared to its average volume of 1,607,494. Grupo Televisa, S.A.B. has a 1-year low of $1.69 and a 1-year high of $3.65. The company has a market cap of $1.07 billion, a P/E ratio of -2.73, a PEG ratio of 0.75 and a beta of 1.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The firm's 50-day moving average is $2.27 and its two-hundred day moving average is $2.35.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to analysts' expectations of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. On average, research analysts predict that Grupo Televisa, S.A.B. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TV. JPMorgan Chase & Co. downgraded shares of Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 14th. The Goldman Sachs Group lowered their price objective on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a "buy" rating on the stock in a research report on Friday, November 15th. Benchmark lowered their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com cut shares of Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of "Hold" and an average target price of $5.25.

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.