Gamco Investors INC. ET AL Acquires 370,166 Shares of Grupo Televisa S.A. $TV

Gamco Investors INC. ET AL grew its holdings in Grupo Televisa S.A. (NYSE:TV) by 2.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 18,921,985 shares of the company’s stock after acquiring an additional 370,166 shares during the period. Gamco Investors INC. ET AL’s holdings in Grupo Televisa were worth $50,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strid Group LLC bought a new stake in Grupo Televisa in the third quarter valued at about $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in Grupo Televisa in the third quarter worth about $28,000. TD Private Client Wealth LLC lifted its stake in Grupo Televisa by 68.8% during the third quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock worth $29,000 after purchasing an additional 4,355 shares during the period. Evergreen Capital Management LLC bought a new position in Grupo Televisa during the second quarter worth about $29,000. Finally, Assetmark Inc. acquired a new stake in Grupo Televisa during the second quarter valued at approximately $34,000. 55.77% of the stock is owned by institutional investors.

Grupo Televisa Price Performance

TV stock opened at $2.84 on Friday. The business has a fifty day moving average price of $3.12 and a 200 day moving average price of $2.86. The company has a quick ratio of 2.29, a current ratio of 2.12 and a debt-to-equity ratio of 0.84. Grupo Televisa S.A. has a fifty-two week low of $1.55 and a fifty-two week high of $3.49.

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

Analyst Ratings Changes

TV has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Televisa in a research note on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, January 21st. Benchmark reiterated a “buy” rating on shares of Grupo Televisa in a research report on Friday, January 2nd. Finally, Zacks Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently 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.