Gabelli Funds LLC Trims Stake in Grupo Televisa, S.A.B. (NYSE:TV)

Gabelli Funds LLC reduced its stake in Grupo Televisa, S.A.B. (NYSE:TV - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,796,300 shares of the company's stock after selling 350,300 shares during the period. Gabelli Funds LLC owned 1.23% of Grupo Televisa, S.A.B. worth $11,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TV. GFS Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter worth about $3,600,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Grupo Televisa, S.A.B. by 245.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company's stock valued at $3,320,000 after purchasing an additional 1,404,933 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter worth approximately $939,000. American Century Companies Inc. lifted its position in Grupo Televisa, S.A.B. by 11.8% in the 4th quarter. American Century Companies Inc. now owns 1,312,209 shares of the company's stock worth $2,205,000 after buying an additional 138,303 shares in the last quarter. Finally, Banco Santander S.A. grew its holdings in shares of Grupo Televisa, S.A.B. by 73.6% during the 4th quarter. Banco Santander S.A. now owns 317,620 shares of the company's stock valued at $534,000 after acquiring an additional 134,621 shares in the last quarter. Institutional investors own 55.77% of the company's stock.

Grupo Televisa, S.A.B. Price Performance

Shares of Grupo Televisa, S.A.B. stock traded down $0.01 during mid-day trading on Tuesday, reaching $1.81. 478,228 shares of the stock were exchanged, compared to its average volume of 1,805,805. The company has a market cap of $999.61 million, a price-to-earnings ratio of -2.47 and a beta of 1.70. Grupo Televisa, S.A.B. has a fifty-two week low of $1.55 and a fifty-two week high of $3.43. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $1.97.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings results 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). Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. The business had revenue of $758.58 million for the quarter, compared to the consensus estimate of $15.49 billion. On average, sell-side analysts predict that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TV. The Goldman Sachs Group lowered 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. Benchmark reiterated a "buy" rating and set a $7.00 price target (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th.

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.