Grupo Televisa, S.A.B. (NYSE:TV) Shares Sold by Investors Research Corp

Investors Research Corp lessened its stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,164 shares of the company’s stock after selling 3,600 shares during the quarter. Investors Research Corp’s holdings in Grupo Televisa, S.A.B. were worth $67,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter worth approximately $25,000. PNC Financial Services Group Inc. grew its position in Grupo Televisa, S.A.B. by 181.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,409 shares of the company’s stock worth $33,000 after buying an additional 4,129 shares during the last quarter. Citigroup Inc. bought a new position in shares of Grupo Televisa, S.A.B. in the first quarter valued at $111,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. during the 1st quarter valued at $117,000. Finally, Moors & Cabot Inc. bought a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth $31,000. Institutional investors own 55.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TV shares. StockNews.com raised Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Morgan Stanley restated an “equal weight” rating and set a $4.00 price objective (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a report on Friday, January 5th. Finally, Bank of America lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 price objective for the company. in a research note on Monday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Grupo Televisa, S.A.B. currently has a consensus rating of “Hold” and a consensus target price of $5.28.

Grupo Televisa, S.A.B. Stock Down 3.8 %

Grupo Televisa, S.A.B. stock opened at $3.04 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.73 and a current ratio of 1.76. Grupo Televisa, S.A.B. has a 12 month low of $2.10 and a 12 month high of $5.41. The company’s fifty day simple moving average is $3.12 and its 200-day simple moving average is $2.96.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.87). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Grupo Televisa, S.A.B. had a negative return on equity of 7.36% and a negative net margin of 13.99%. During the same period in the previous year, the company earned ($1.27) earnings per share. On average, sell-side analysts predict that Grupo Televisa, S.A.B. will post 0.05 earnings per share for the current fiscal year.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.