Corient Private Wealth LLC Reduces Stake in Grupo Televisa, S.A.B. (NYSE:TV)

Corient Private Wealth LLC lowered its position in Grupo Televisa, S.A.B. (NYSE:TV) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 222,100 shares of the company’s stock after selling 26,215 shares during the period. Corient Private Wealth LLC’s holdings in Grupo Televisa, S.A.B. were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its stake in shares of Grupo Televisa, S.A.B. by 66.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after acquiring an additional 10,000 shares during the last quarter. PEAK6 Investments LLC bought a new position in Grupo Televisa, S.A.B. in the 3rd quarter worth $119,000. B. Riley Wealth Advisors Inc. bought a new position in Grupo Televisa, S.A.B. in the 3rd quarter worth $123,000. Centiva Capital LP lifted its position in Grupo Televisa, S.A.B. by 86.3% during the third quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock valued at $260,000 after purchasing an additional 47,014 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Grupo Televisa, S.A.B. during the third quarter valued at about $284,000. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Price Performance

NYSE:TV opened at $1.74 on Monday. The business’s 50-day simple moving average is $1.91 and its two-hundred day simple moving average is $2.04. Grupo Televisa, S.A.B. has a 52 week low of $1.66 and a 52 week high of $3.47. The stock has a market cap of $960.84 million, a PE ratio of -2.38 and a beta of 1.84. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The business had revenue of $758.58 million for the quarter, compared to the consensus estimate of $15.49 billion. As a group, analysts forecast that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TV has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. The Goldman Sachs Group decreased their target price on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.23.

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.