Jane Street Group LLC Sells 173,059 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Jane Street Group LLC reduced its stake in Grupo Televisa, S.A.B. (NYSE:TV) by 65.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,309 shares of the company’s stock after selling 173,059 shares during the period. Jane Street Group LLC’s holdings in Grupo Televisa, S.A.B. were worth $231,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at approximately $532,000. American Century Companies Inc. boosted its stake in 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 acquiring an additional 91,237 shares in the last quarter. XTX Topco Ltd boosted its stake in Grupo Televisa, S.A.B. by 19.1% in the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock valued at $167,000 after acquiring an additional 9,684 shares in the last quarter. Gabelli Funds LLC boosted its stake in 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 acquiring an additional 19,024 shares in the last quarter. Finally, Discovery Capital Management LLC CT boosted its stake 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 acquiring an additional 993,295 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TV. Benchmark lowered their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group reduced their target price on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Televisa, S.A.B. has a consensus rating of “Hold” and a consensus price target of $5.67.

Grupo Televisa, S.A.B. Trading Down 4.0 %

Shares of Grupo Televisa, S.A.B. stock opened at $1.81 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The firm has a fifty day moving average price of $1.98 and a 200 day moving average price of $2.17. Grupo Televisa, S.A.B. has a 1 year low of $1.66 and a 1 year high of $3.65. The stock has a market cap of $999.61 million, a PE ratio of -2.54, a price-to-earnings-growth ratio of 0.56 and a beta of 1.82.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The company had revenue of $812.55 million during the quarter, compared to analysts’ expectations of $828.35 million. Equities research analysts predict that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current year.

Grupo Televisa, S.A.B. Company 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.