Oppenheimer & Co. Inc. Buys Shares of 35,242 Grupo Televisa, S.A.B. (NYSE:TV)

Oppenheimer & Co. Inc. bought a new stake in Grupo Televisa, S.A.B. (NYSE:TV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,242 shares of the company’s stock, valued at approximately $90,000.

Other hedge funds have also recently made changes to their positions in the company. Discovery Capital Management LLC CT grew its position in shares of 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 in the last quarter. Gabelli Funds LLC grew its position in shares of Grupo Televisa, S.A.B. by 0.3% in the second quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock valued at $19,561,000 after purchasing an additional 19,024 shares in the last quarter. American Century Companies Inc. grew its position in shares of Grupo Televisa, S.A.B. by 12.2% in the second quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock valued at $2,332,000 after purchasing an additional 91,237 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Grupo Televisa, S.A.B. in the third quarter valued at $1,463,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the second quarter valued at $532,000. 55.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TV has been the subject of several recent research reports. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Benchmark reduced their price target on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.25.

Grupo Televisa, S.A.B. Trading Up 0.5 %

NYSE TV opened at $2.07 on Friday. Grupo Televisa, S.A.B. has a 1-year low of $1.69 and a 1-year high of $3.64. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $2.33 and a 200-day moving average of $2.46. The firm has a market cap of $1.15 billion, a PE ratio of -2.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.88.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. As a group, sell-side analysts forecast that Grupo Televisa, S.A.B. will post 0.06 EPS for the current year.

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.