GABELLI & Co INVESTMENT ADVISERS INC. Grows Stock Position in Grupo Televisa, S.A.B. (NYSE:TV)

GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Grupo Televisa, S.A.B. (NYSE:TV - Free Report) by 227.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,075 shares of the company's stock after buying an additional 267,350 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.07% of Grupo Televisa, S.A.B. worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TV. Central Pacific Bank Trust Division grew its stake in shares of Grupo Televisa, S.A.B. by 66.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock valued at $42,000 after purchasing an additional 10,000 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Grupo Televisa, S.A.B. during the 4th quarter valued at $47,000. Employees Retirement System of Texas purchased a new stake in shares of Grupo Televisa, S.A.B. in the 4th quarter worth $84,000. B. Riley Wealth Advisors Inc. purchased a new position in Grupo Televisa, S.A.B. during the third quarter valued at $123,000. Finally, Barclays PLC purchased a new stake in Grupo Televisa, S.A.B. in the fourth quarter worth about $168,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TV. Benchmark restated a "buy" rating and set a $7.00 target price (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. The Goldman Sachs Group cut their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a research note on Tuesday, January 28th.

Grupo Televisa, S.A.B. Trading Up 5.4 %

Shares of NYSE:TV traded up $0.10 during trading on Friday, reaching $1.87. 2,376,555 shares of the company were exchanged, compared to its average volume of 1,812,060. Grupo Televisa, S.A.B. has a 12-month low of $1.55 and a 12-month high of $3.43. The firm has a market capitalization of $1.03 billion, a PE ratio of -2.55 and a beta of 1.70. The business's fifty day simple moving average is $1.85 and its 200-day simple moving average is $1.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.91). The company had revenue of $758.58 million for the quarter, compared to analysts' expectations of $15.49 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. On average, research analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

Grupo Televisa, S.A.B. Profile

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.