GFS Advisors LLC Acquires Shares of 2,142,590 Grupo Televisa, S.A.B. (NYSE:TV)

GFS Advisors LLC bought a new position in Grupo Televisa, S.A.B. (NYSE:TV) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,142,590 shares of the company’s stock, valued at approximately $3,600,000.

Several other institutional investors have also made changes to their positions in TV. Sanctuary Advisors LLC purchased a new stake in Grupo Televisa, S.A.B. in the 2nd quarter worth about $29,000. Central Pacific Bank Trust Division lifted its position in shares of Grupo Televisa, S.A.B. by 50.0% in the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after purchasing an additional 5,000 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth approximately $90,000. Ballentine Partners LLC grew its position in Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock valued at $95,000 after purchasing an additional 5,658 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new position in Grupo Televisa, S.A.B. in the 3rd quarter valued at approximately $119,000. 55.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TV has been the subject of a number of research reports. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, Benchmark cut 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 note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. presently has a consensus rating of “Hold” and an average target price of $5.57.

Grupo Televisa, S.A.B. Stock Performance

Shares of TV opened at $1.93 on Friday. The company’s fifty day moving average is $1.85 and its 200-day moving average is $2.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. Grupo Televisa, S.A.B. has a 12 month low of $1.66 and a 12 month high of $3.65.

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.