Prudential PLC Has $22.07 Million Stock Position in Grupo Televisa, S.A.B. (NYSE:TV)

Prudential PLC cut its stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,967,458 shares of the company’s stock after selling 534,679 shares during the period. Prudential PLC owned 1.44% of Grupo Televisa, S.A.B. worth $22,070,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TV. Gamco Investors INC. ET AL grew its position in shares of Grupo Televisa, S.A.B. by 25.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock valued at $46,780,000 after acquiring an additional 2,984,705 shares during the period. Gabelli Funds LLC lifted its position in shares of Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after buying an additional 914,500 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Grupo Televisa, S.A.B. by 162.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock valued at $10,333,000 after buying an additional 1,914,800 shares during the last quarter. GFS Advisors LLC boosted its stake in shares of Grupo Televisa, S.A.B. by 210.3% during the 1st quarter. GFS Advisors LLC now owns 1,768,590 shares of the company’s stock worth $5,659,000 after acquiring an additional 1,198,590 shares during the period. Finally, CastleKnight Management LP increased its holdings in shares of Grupo Televisa, S.A.B. by 160.3% during the 4th 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 last quarter. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa, S.A.B. Stock Up 3.8 %

Shares of NYSE:TV opened at $1.90 on Monday. The firm has a 50 day moving average of $2.21 and a 200-day moving average of $2.75. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group dropped their price target on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Benchmark reissued a “buy” rating and set a $12.00 price target on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.16.

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.