B. Riley Wealth Advisors Inc. Makes New Investment in Grupo Televisa, S.A.B. (NYSE:TV)

B. Riley Wealth Advisors Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) in the third quarter, Holdings Channel reports. The fund acquired 48,200 shares of the company’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the second quarter worth $29,000. Central Pacific Bank Trust Division lifted its stake in Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after acquiring an additional 5,000 shares in the last quarter. SG Americas Securities LLC boosted its position in Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after acquiring an additional 7,406 shares during the period. Ballentine Partners LLC grew its stake in Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after acquiring an additional 5,939 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at about $90,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Stock Down 0.6 %

TV stock opened at $1.77 on Monday. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The firm has a market cap of $980.23 million, a PE ratio of -2.49, a PEG ratio of 0.56 and a beta of 1.81. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.65. The company has a fifty day simple moving average of $2.15 and a 200 day simple moving average of $2.27.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. Sell-side analysts anticipate that Grupo Televisa, S.A.B. will post 0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. 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. Benchmark dropped their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group dropped their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. has an average rating of “Hold” and a consensus price target of $5.25.

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.