Zimmer Partners LP increased its position in Grupo Televisa SAB (NYSE:TV) by 53.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,698,563 shares of the company’s stock after acquiring an additional 1,973,563 shares during the quarter. Grupo Televisa SAB comprises about 2.6% of Zimmer Partners LP’s holdings, making the stock its 12th biggest holding. Zimmer Partners LP owned 0.99% of Grupo Televisa SAB worth $106,392,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in Grupo Televisa SAB by 3,344.7% during the 4th quarter. Millennium Management LLC now owns 1,694,261 shares of the company’s stock valued at $31,632,000 after purchasing an additional 1,645,076 shares during the period. Wolverine Trading LLC increased its stake in Grupo Televisa SAB by 379.2% in the 4th quarter. Wolverine Trading LLC now owns 20,101 shares of the company’s stock valued at $375,000 after buying an additional 27,301 shares during the last quarter. Raymond James & Associates acquired a new stake in Grupo Televisa SAB in the 4th quarter valued at $206,000. Guggenheim Capital LLC increased its stake in Grupo Televisa SAB by 41.6% in the 4th quarter. Guggenheim Capital LLC now owns 19,759 shares of the company’s stock valued at $368,000 after buying an additional 5,802 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Grupo Televisa SAB by 49.6% in the 4th quarter. Deutsche Bank AG now owns 2,780,370 shares of the company’s stock valued at $51,908,000 after buying an additional 921,956 shares during the last quarter. Institutional investors own 55.75% of the company’s stock.
Several equities research analysts have issued reports on TV shares. HSBC upgraded shares of Grupo Televisa SAB from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. UBS Group upgraded shares of Grupo Televisa SAB from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 30th. ValuEngine lowered shares of Grupo Televisa SAB from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Citigroup upgraded shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Zacks Investment Research lowered shares of Grupo Televisa SAB from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Grupo Televisa SAB has a consensus rating of “Hold” and an average target price of $26.00.
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About Grupo Televisa SAB
Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.
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