GAMCO Asset Management, Inc. has recently announced that it has increased stake in Grupo Televisa S.A.B. (NYSE:TV) by 8.70%. After grabbing 8.82 million shares, the institutional investor is now in possession of 0.71 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 1.56% having worth around $46.81 million. Moreover, Eastspring Investments increased its share by 1.82 million to have a control over 8.56 million shares. And Russell Investment Management LLC raised its holdings to 0.27 million shares by acquiring 8.43 million shares or 1.49% of the stake.
Grupo Televisa S.A.B. (TV) concluded trading on 09/14/23 at a closing price of $3.48, with 3.22 million shares of worth about $11.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.51% during that period and on Thursday the price saw a loss of about -0.29%. Currently the company’s common shares owned by public are about 560.26M shares, out of which, 559.88M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the TV stock and their offered price forecasts bring an average price target of $8.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.08 and could fall to a lowest price of $5.00. The stock’s current price level is 51.46% above of average price target set by the analysts, while a rise to estimated low would result in gain of 30.4% for the stock. However, touching the estimated high of $13.08 would mean a gain of 73.39% for the stock.
Dodge & Cox International Stock F, Dodge & Cox Global Stock Fund, and Delaware Emerging Markets Fund are the top 3 mutual funds which are holding stakes in Grupo Televisa S.A.B. Dodge & Cox International Stock F is currently holding 46.38 million shares of worth totaling $246.28 million. The company recently came buying 0.0 shares which brought its stake up to 8.21% of the company’s outstanding shares. Delaware Emerging Markets Fund, after buying 6.02 million shares, have now control over 1.07% of the stake in the company. It holds 0.0 shares of worth $31.95 million.
Grupo Televisa S.A.B. (NYSE: TV) started trading at $3.53, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 3.6300, or with a loss of -0.29%. Stock saw a price change of -10.08% in past 5 days and over the past one month there was a price change of -26.58%. Year-to-date (YTD), TV shares are showing a performance of -23.68% which decreased to -45.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.49 but also hit the highest price of $6.57 during that period. The average intraday trading volume for Grupo Televisa S.A.B. shares is 1.44 million. The stock is currently trading -18.64% below its 20-day simple moving average (SMA20), while that difference is down -25.23% for SMA50 and it goes to -30.85% lower than SMA200.
GAMCO Asset Management, Inc. acquired 8.82 million shares of Grupo Televisa S.A.B. having value of about $46.81 million. Data submitted at the U.S SEC by GAMCO Asset Management, Inc. revealed that the firm now holds 0.71 million shares in the company valued at close to $2455202.64, or have control over 8.70% stake in the company. Grupo Televisa S.A.B. (NYSE: TV) currently have 560.26M outstanding shares and institutions hold larger chunk of about 40.90% of that. Holding of mutual funds in the company is about 18.29% while other institutional holders and individual stake holders have control over 20.27% and — of the stake respectively.
The stock has a current market capitalization of $1.96B and its 3Y-monthly beta is at 1.48. It has posted earnings per share of -$1.31 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TV, volatility over the week remained 5.46% while standing at 4.01% over the month.
Analysts are in expectations that Grupo Televisa S.A.B. (TV) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.38 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.28 in the same quarter a year ago. EPS is likely to grow at an annualized rate of 11.10% for next 5-years, compared to annual growth of -35.90% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on May 31, 2023 offering a Buy rating for the stock and assigned a target price of $6.10 to it.
