Gamco Investors INC. ET AL Has $38.86 Million Stock Position in Grupo Televisa, S.A.B. (NYSE:TV)

Gamco Investors INC. ET AL grew its stake in Grupo Televisa, S.A.B. (NYSE:TVFree Report) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,633,903 shares of the company’s stock after acquiring an additional 1,838,425 shares during the period. Gamco Investors INC. ET AL owned 2.06% of Grupo Televisa, S.A.B. worth $38,857,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CastleKnight Management LP boosted its holdings in shares of Grupo Televisa, S.A.B. by 160.3% during the fourth quarter. CastleKnight Management LP now owns 455,000 shares of the company’s stock worth $1,520,000 after acquiring an additional 280,200 shares during the period. Prudential PLC boosted its holdings in shares of Grupo Televisa, S.A.B. by 0.4% during the fourth quarter. Prudential PLC now owns 8,519,013 shares of the company’s stock worth $28,454,000 after acquiring an additional 33,005 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Grupo Televisa, S.A.B. by 47.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock worth $950,000 after purchasing an additional 92,150 shares during the last quarter. Keeley Teton Advisors LLC bought a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth $399,000. Finally, Gabelli Funds LLC lifted its stake in Grupo Televisa, S.A.B. by 14.7% during the fourth quarter. Gabelli Funds LLC now owns 6,128,100 shares of the company’s stock worth $20,468,000 after purchasing an additional 783,900 shares during the last quarter. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Stock Performance

Shares of TV stock traded down $0.10 during trading hours on Thursday, hitting $2.64. 984,212 shares of the company were exchanged, compared to its average volume of 1,488,586. The firm has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $3.11. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Grupo Televisa, S.A.B. has a 52-week low of $2.10 and a 52-week high of $5.41. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -3.06, a P/E/G ratio of 8.94 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TVGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.14. Grupo Televisa, S.A.B. had a negative net margin of 11.78% and a negative return on equity of 6.18%. The company had revenue of $939.92 million during the quarter, compared to analyst estimates of $1.02 billion. Research analysts predict that Grupo Televisa, S.A.B. will post 0.01 earnings per share for the current fiscal year.

Grupo Televisa, S.A.B. Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 30th were issued a dividend of $0.1056 per share. This is an increase from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. This represents a dividend yield of 2.4%. The ex-dividend date was Thursday, May 30th. Grupo Televisa, S.A.B.’s payout ratio is currently -10.34%.

Analyst Upgrades and Downgrades

TV has been the subject of several research analyst reports. Bank of America downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 price target for the company. in a report on Monday, April 15th. Benchmark reiterated a “buy” rating and set a $12.00 price target on shares of Grupo Televisa, S.A.B. in a report on Thursday, May 16th. Finally, StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Five 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, the stock has a consensus rating of “Hold” and an average price target of $5.28.

View Our Latest Analysis on TV

Grupo Televisa, S.A.B. Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Grupo Televisa, S.A.B. (NYSE:TV)

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