Gabelli Funds LLC Has $18.83 Million Stake in Grupo Televisa S.A. $TV

Gabelli Funds LLC raised its holdings in Grupo Televisa S.A. (NYSE:TV) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,999,100 shares of the company’s stock after buying an additional 388,500 shares during the period. Gabelli Funds LLC owned 1.26% of Grupo Televisa worth $18,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TV. JPMorgan Chase & Co. boosted its stake in shares of Grupo Televisa by 52.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company’s stock worth $46,120,000 after buying an additional 7,204,072 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Grupo Televisa by 32.9% in the second quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company’s stock valued at $22,376,000 after acquiring an additional 2,533,311 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Grupo Televisa in the second quarter valued at about $2,321,000. Man Group plc bought a new stake in Grupo Televisa during the second quarter worth about $2,291,000. Finally, American Century Companies Inc. boosted its position in Grupo Televisa by 42.7% during the second quarter. American Century Companies Inc. now owns 2,056,691 shares of the company’s stock valued at $4,504,000 after purchasing an additional 615,200 shares during the last quarter. 55.77% of the stock is owned by institutional investors.

Grupo Televisa Stock Performance

NYSE TV opened at $2.84 on Friday. The stock has a market cap of $1.57 billion, a PE ratio of -3.19, a P/E/G ratio of 2.39 and a beta of 1.96. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.29 and a current ratio of 2.12. The firm has a 50-day moving average of $3.12 and a 200-day moving average of $2.86. Grupo Televisa S.A. has a 52-week low of $1.55 and a 52-week high of $3.49.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.77). The company had revenue of $794.82 million during the quarter, compared to analyst estimates of $799.01 million. Grupo Televisa had a negative net margin of 15.75% and a negative return on equity of 8.56%. On average, sell-side analysts anticipate that Grupo Televisa S.A. will post -0.07 EPS for the current year.

Analyst Upgrades and Downgrades

TV has been the subject of a number of analyst reports. Zacks Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Benchmark reiterated a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Televisa in a report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Televisa has a consensus rating of “Hold” and an average price target of $5.07.

About Grupo Televisa

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.