Grupo Televisa S.A. (TV) Stake Decreased by Macquarie Group Ltd.
Macquarie Group Ltd. cut its stake in shares of Grupo Televisa S.A. (NYSE:TV) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,051,814 shares of the company’s stock after selling 90,212 shares during the quarter. Macquarie Group Ltd. owned about 0.12% of Grupo Televisa worth $74,377,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Grupo Televisa in the 1st quarter worth about $158,000. D.A. Davidson & CO. boosted its position in shares of Grupo Televisa by 14.8% in the 2nd quarter. D.A. Davidson & CO. now owns 9,900 shares of the company’s stock worth $241,000 after buying an additional 1,277 shares in the last quarter. High Pointe Capital Management LLC boosted its position in shares of Grupo Televisa by 6.4% in the 2nd quarter. High Pointe Capital Management LLC now owns 10,370 shares of the company’s stock worth $253,000 after buying an additional 620 shares in the last quarter. HAP Trading LLC boosted its position in shares of Grupo Televisa by 22.8% in the 2nd quarter. HAP Trading LLC now owns 13,558 shares of the company’s stock worth $330,000 after buying an additional 2,519 shares in the last quarter. Finally, Ngam Advisors L.P. boosted its position in shares of Grupo Televisa by 26.0% in the 1st quarter. Ngam Advisors L.P. now owns 14,459 shares of the company’s stock worth $375,000 after buying an additional 2,981 shares in the last quarter. 58.30% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on TV. Credit Suisse Group AG set a $27.00 price objective on shares of Grupo Televisa and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub upgraded shares of Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine lowered shares of Grupo Televisa from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Morgan Stanley lowered shares of Grupo Televisa from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $29.00 to $28.00 in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $27.00.
Grupo Televisa S.A. (NYSE TV) traded down 1.83% on Friday, reaching $24.11. 93,027 shares of the company’s stock were exchanged. Grupo Televisa S.A. has a 1-year low of $19.69 and a 1-year high of $27.37. The firm’s 50 day moving average is $25.21 and its 200 day moving average is $25.31. The stock has a market capitalization of $59.76 billion, a P/E ratio of 294.02 and a beta of 1.30.
Grupo Televisa (NYSE:TV) last issued its quarterly earnings results on Monday, July 10th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $1.25 billion for the quarter. Grupo Televisa had a return on equity of 4.62% and a net margin of 4.69%. Analysts expect that Grupo Televisa S.A. will post $0.63 EPS for the current year.
Grupo Televisa Profile
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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