Marshall Wace LLP Decreases Stock Holdings in Grupo Televisa, S.A.B. (NYSE:TV)

Marshall Wace LLP lessened its position in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 90.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,352 shares of the company’s stock after selling 141,185 shares during the quarter. Marshall Wace LLP’s holdings in Grupo Televisa, S.A.B. were worth $40,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TV. Gamco Investors INC. ET AL lifted its position in Grupo Televisa, S.A.B. by 25.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock valued at $46,780,000 after acquiring an additional 2,984,705 shares during the last quarter. Discovery Capital Management LLC CT lifted its position in Grupo Televisa, S.A.B. by 6.2% in the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after purchasing an additional 993,295 shares during the period. Gabelli Funds LLC increased its holdings in Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after buying an additional 914,500 shares in the last quarter. American Capital Advisory LLC purchased a new position in Grupo Televisa, S.A.B. in the first quarter valued at about $778,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter worth approximately $532,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TV shares. The Goldman Sachs Group decreased their price target on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a report on Monday, August 5th. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.60.

Grupo Televisa, S.A.B. Stock Performance

TV stock opened at $2.44 on Monday. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $2.13 and a two-hundred day moving average of $2.63. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -2.77, a P/E/G ratio of 1.09 and a beta of 1.89. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.64.

About Grupo Televisa, S.A.B.

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.