APG Asset Management N.V. Trims Position in Grupo Televisa SAB (NYSE:TV)

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APG Asset Management N.V. lessened its holdings in Grupo Televisa SAB (NYSE:TV) by 18.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,900 shares of the company’s stock after selling 38,000 shares during the period. APG Asset Management N.V.’s holdings in Grupo Televisa SAB were worth $1,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Grupo Televisa SAB by 82.8% in the 1st quarter. JPMorgan Chase & Co. now owns 5,331,603 shares of the company’s stock valued at $58,968,000 after buying an additional 2,414,384 shares during the last quarter. Renaissance Technologies LLC increased its stake in Grupo Televisa SAB by 24.3% in the 2nd quarter. Renaissance Technologies LLC now owns 10,230,986 shares of the company’s stock valued at $86,350,000 after buying an additional 1,998,461 shares during the last quarter. Morningstar Investment Services LLC purchased a new stake in shares of Grupo Televisa SAB during the 2nd quarter worth approximately $6,053,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Grupo Televisa SAB during the 2nd quarter worth approximately $6,042,000. Finally, SPX Equities Gestao de Recursos Ltda increased its stake in shares of Grupo Televisa SAB by 121.9% during the 2nd quarter. SPX Equities Gestao de Recursos Ltda now owns 1,109,500 shares of the company’s stock worth $9,364,000 after purchasing an additional 609,500 shares during the last quarter. Institutional investors own 48.50% of the company’s stock.

Several equities research analysts have recently issued reports on TV shares. BMO Capital Markets restated an “average” rating on shares of Grupo Televisa SAB in a research note on Thursday, June 27th. Barclays reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Grupo Televisa SAB in a report on Monday, June 24th. ValuEngine raised shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James reaffirmed an “average” rating on shares of Grupo Televisa SAB in a report on Friday, August 2nd. Finally, Zacks Investment Research downgraded shares of Grupo Televisa SAB from a “hold” rating to a “sell” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Grupo Televisa SAB has an average rating of “Hold” and an average target price of $17.20.

Shares of TV traded up $0.40 during trading hours on Friday, reaching $10.65. 1,035,904 shares of the company traded hands, compared to its average volume of 1,434,021. The company’s fifty day moving average price is $9.41 and its two-hundred day moving average price is $9.47. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.94. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 1.38. Grupo Televisa SAB has a 12 month low of $7.42 and a 12 month high of $16.80.

About Grupo Televisa SAB

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.

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Institutional Ownership by Quarter for Grupo Televisa SAB (NYSE:TV)

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