Citigroup Inc. Has $184,000 Stock Holdings in Grupo Televisa, S.A.B. (NYSE:TV)

Citigroup Inc. lifted its stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 22.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,310 shares of the company’s stock after purchasing an additional 11,078 shares during the period. Citigroup Inc.’s holdings in Grupo Televisa, S.A.B. were worth $184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Grupo Televisa, S.A.B. during the second quarter valued at $25,000. PNC Financial Services Group Inc. raised its position in Grupo Televisa, S.A.B. by 181.1% during the second quarter. PNC Financial Services Group Inc. now owns 6,409 shares of the company’s stock valued at $33,000 after buying an additional 4,129 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Grupo Televisa, S.A.B. during the first quarter valued at $117,000. Moors & Cabot Inc. acquired a new position in Grupo Televisa, S.A.B. during the third quarter valued at $31,000. Finally, qPULA Trading Management LP acquired a new position in Grupo Televisa, S.A.B. during the first quarter valued at $119,000. 55.77% of the stock is owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE:TV opened at $3.20 on Friday. The business has a 50 day moving average price of $3.06 and a 200 day moving average price of $2.97. Grupo Televisa, S.A.B. has a twelve month low of $2.10 and a twelve month high of $5.66. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -3.05 and a beta of 1.76. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.64.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.87). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. During the same period last year, the company earned ($1.27) EPS. Research analysts predict that Grupo Televisa, S.A.B. will post 0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

TV has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their target price on Grupo Televisa, S.A.B. from $3.90 to $3.50 and set a “buy” rating on the stock in a research note on Wednesday, December 13th. Morgan Stanley reiterated an “equal weight” rating and set a $4.00 price target (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a research note on Friday, January 5th. Finally, StockNews.com upgraded Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.52.

About Grupo Televisa, S.A.B.

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.