B. Riley Wealth Advisors Inc. Makes New $123,000 Investment in Grupo Televisa, S.A.B. (NYSE:TV)

B. Riley Wealth Advisors Inc. bought a new position in shares of Grupo Televisa, S.A.B. (NYSE:TV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,200 shares of the company’s stock, valued at approximately $123,000.

A number of other large investors also recently modified their holdings of TV. Central Pacific Bank Trust Division boosted its position in Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,000 shares during the period. Ballentine Partners LLC boosted its holdings in shares of 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 acquiring an additional 5,658 shares during the period. SG Americas Securities LLC grew its position in shares of Grupo Televisa, S.A.B. by 35.7% during the second 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 last quarter. XTX Topco Ltd increased its holdings in shares of Grupo Televisa, S.A.B. by 19.1% in the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after acquiring an additional 9,684 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Grupo Televisa, S.A.B. in the 2nd quarter valued at about $29,000. 55.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TV has been the subject of several recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Benchmark reduced their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.25.

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

TV opened at $1.77 on Monday. The stock’s fifty day moving average is $2.15 and its 200-day moving average is $2.27. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.65. The company has a market capitalization of $980.23 million, a PE ratio of -2.49, a P/E/G ratio of 0.56 and a beta of 1.81. 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. (NYSE:TV) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The company had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. On average, equities analysts predict that Grupo Televisa, S.A.B. will post 0.11 EPS for the current fiscal year.

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.