Discovery Capital Management LLC CT Increases Stake in Grupo Televisa, S.A.B. (NYSE:TV)

Discovery Capital Management LLC CT increased its position in shares of Grupo Televisa, S.A.B. (NYSE:TV - Free Report) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,944,935 shares of the company's stock after acquiring an additional 993,295 shares during the period. Grupo Televisa, S.A.B. makes up about 6.2% of Discovery Capital Management LLC CT's holdings, making the stock its 3rd biggest position. Discovery Capital Management LLC CT owned 3.06% of Grupo Televisa, S.A.B. worth $46,937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TV. Gamco Investors INC. ET AL grew its holdings in shares of Grupo Televisa, S.A.B. by 25.7% during the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company's stock worth $46,780,000 after purchasing an additional 2,984,705 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Grupo Televisa, S.A.B. by 162.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company's stock valued at $10,333,000 after buying an additional 1,914,800 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company's stock worth $22,536,000 after acquiring an additional 914,500 shares during the last quarter. CastleKnight Management LP lifted its holdings in shares of Grupo Televisa, S.A.B. by 160.3% during the 4th quarter. CastleKnight Management LP now owns 455,000 shares of the company's stock worth $1,520,000 after acquiring an additional 280,200 shares during the last quarter. Finally, American Capital Advisory LLC purchased a new position in Grupo Televisa, S.A.B. in the first quarter worth $778,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Trading Up 1.4 %

Shares of TV traded up $0.03 during trading hours on Monday, hitting $2.20. The company had a trading volume of 1,271,558 shares, compared to its average volume of 1,492,355. Grupo Televisa, S.A.B. has a 52-week low of $1.69 and a 52-week high of $3.64. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average price is $2.08 and its 200 day moving average price is $2.68. The firm has a market cap of $1.22 billion, a P/E ratio of -2.49, a P/E/G ratio of 0.88 and a beta of 1.88.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating for the company in a research note on Monday, August 5th. StockNews.com upgraded Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $5.16.

Grupo Televisa, S.A.B. Company 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.