Russell Investments Group Ltd. Boosts Holdings in Grupo Televisa, S.A.B. (NYSE:TV)

Russell Investments Group Ltd. raised its holdings in Grupo Televisa, S.A.B. (NYSE:TV) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,426,707 shares of the company’s stock after buying an additional 274,969 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.49% of Grupo Televisa, S.A.B. worth $43,229,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Northern Trust Corp grew its holdings in shares of Grupo Televisa, S.A.B. by 0.4% during the 1st quarter. Northern Trust Corp now owns 307,546 shares of the company’s stock worth $3,599,000 after purchasing an additional 1,312 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Grupo Televisa, S.A.B. by 6.2% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 51,875 shares of the company’s stock worth $274,000 after purchasing an additional 3,050 shares during the period. Quantbot Technologies LP purchased a new position in Grupo Televisa, S.A.B. in the 2nd quarter worth approximately $25,000. Mercer Global Advisors Inc. ADV boosted its holdings in Grupo Televisa, S.A.B. by 20.7% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 20,868 shares of the company’s stock worth $110,000 after acquiring an additional 3,578 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in Grupo Televisa, S.A.B. by 32.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 16,000 shares of the company’s stock worth $82,000 after acquiring an additional 3,930 shares during the period. Hedge funds and other institutional investors own 37.47% of the company’s stock.

Grupo Televisa, S.A.B. Stock Performance

TV stock opened at $2.33 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.32 billion, a P/E ratio of -1.66 and a beta of 1.53. Grupo Televisa, S.A.B. has a 12-month low of $2.10 and a 12-month high of $6.57. The stock’s 50 day simple moving average is $2.80 and its 200 day simple moving average is $4.13.

Analyst Upgrades and Downgrades

TV has been the subject of a number of analyst reports. Bank of America upgraded Grupo Televisa, S.A.B. from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $5.00 to $4.70 in a report on Thursday, October 5th. Jefferies Financial Group initiated coverage on Grupo Televisa, S.A.B. in a report on Tuesday, September 19th. They issued a “hold” rating for the company. TheStreet cut Grupo Televisa, S.A.B. from a “c-” rating to a “d+” rating in a report on Thursday, September 28th. The Goldman Sachs Group decreased their price target on Grupo Televisa, S.A.B. from $4.60 to $3.90 and set a “buy” rating for the company in a report on Wednesday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $12.00 target price on shares of Grupo Televisa, S.A.B. in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.50.

Grupo Televisa, S.A.B. Profile

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.