Barometer Capital Management Inc. Has $1.31 Million Stock Holdings in Grupo Televisa S.A. $TV

Barometer Capital Management Inc. boosted its position in Grupo Televisa S.A. (NYSE:TV) by 5,216.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 451,900 shares of the company’s stock after acquiring an additional 443,400 shares during the period. Barometer Capital Management Inc. owned 0.08% of Grupo Televisa worth $1,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TV. JPMorgan Chase & Co. raised its holdings in Grupo Televisa by 21.8% during the 4th quarter. JPMorgan Chase & Co. now owns 27,315,447 shares of the company’s stock worth $79,488,000 after purchasing an additional 4,888,475 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Grupo Televisa by 10.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 20,897,253 shares of the company’s stock valued at $60,811,000 after purchasing an additional 1,975,268 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Grupo Televisa by 9.8% during the 4th quarter. Gabelli Funds LLC now owns 7,686,600 shares of the company’s stock worth $22,368,000 after buying an additional 687,500 shares during the period. Marshall Wace LLP raised its stake in shares of Grupo Televisa by 732.1% during the fourth quarter. Marshall Wace LLP now owns 1,447,810 shares of the company’s stock worth $4,213,000 after buying an additional 1,273,818 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Grupo Televisa by 216.4% during the fourth quarter. UBS Group AG now owns 1,161,678 shares of the company’s stock worth $3,380,000 after buying an additional 794,514 shares during the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Grupo Televisa news, insider Francisco Valim sold 225,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total value of $128,250.00. Following the sale, the insider directly owned 225,000 shares in the company, valued at approximately $128,250. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Viadero Salvi Rafael Folch sold 200,003 shares of Grupo Televisa stock in a transaction on Monday, May 25th. The stock was sold at an average price of $0.56, for a total transaction of $112,001.68. Following the transaction, the director directly owned 32,997 shares in the company, valued at approximately $18,478.32. This represents a 85.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,197,500 shares of company stock valued at $680,245.

Grupo Televisa Stock Performance

Shares of NYSE:TV opened at $2.77 on Wednesday. The firm’s 50 day simple moving average is $2.77 and its 200 day simple moving average is $2.95. Grupo Televisa S.A. has a fifty-two week low of $2.15 and a fifty-two week high of $3.49. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -3.43, a P/E/G ratio of 0.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research note on Friday. New Street Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Wall Street Zen raised Grupo Televisa from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, UBS Group reduced their price target on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research report on Monday, July 6th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $5.23.

About Grupo Televisa

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.