FPR Partners LLC has recently announced that it has increased stake in Grupo Televisa S.A.B. (NYSE:TV) by 3.23%. After grabbing 31.96 million shares, the institutional investor is now in possession of 1.0 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 5.66% having worth around $158.5 million. Moreover, Alua Capital Management LP increased its share by 2.19 million to have a control over 9.11 million shares. And Russell Investment Management LLC raised its holdings to 0.11 million shares by acquiring 6.42 million shares or 1.14% of the stake.
Grupo Televisa S.A.B. (TV) concluded trading on 03/16/23 at a closing price of $4.60, with 1.63 million shares of worth about $7.51 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.16% during that period and on Thursday the price saw a loss of about -0.22%. Currently the company’s common shares owned by public are about 564.91M shares, out of which, 559.83M shares are available for trading.
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Dodge & Cox International Stock F, Dodge & Cox Global Stock Fund, and Oakmark International 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 $230.05 million. The company recently came buying 0.0 shares which brought its stake up to 8.21% of the company’s outstanding shares. Dodge & Cox Global Stock Fund sold -0.15 million shares, after which its hold over company’s outstanding shares shrunk to 1.71%, leaving 9.67 million shares with the mutual fund that have a worth of about $47.94 million. Oakmark International Fund, after selling 8.92 million shares, have now control over 1.58% of the stake in the company. It holds -12.58 million shares of worth $44.27 million.
Grupo Televisa S.A.B. (NYSE: TV) started trading at $4.60, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 4.6400, or with a loss of -0.22%. Stock saw a price change of -7.82% in past 5 days and over the past one month there was a price change of -20.69%. Year-to-date (YTD), TV shares are showing a performance of 0.88% which decreased to -53.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.47 but also hit the highest price of $11.90 during that period. The average intraday trading volume for Grupo Televisa S.A.B. shares is 3.33 million. The stock is currently trading -12.66% below its 20-day simple moving average (SMA20), while that difference is down -16.39% for SMA50 and it goes to -26.75% lower than SMA200.
FPR Partners LLC acquired 31.96 million shares of Grupo Televisa S.A.B. having value of about $158.5 million. Data submitted at the U.S SEC by FPR Partners LLC revealed that the firm now holds 1.0 million shares in the company valued at close to $4600000.0, or have control over 3.23% stake in the company. Grupo Televisa S.A.B. (NYSE: TV) currently have 564.91M outstanding shares and institutions hold larger chunk of about 40.90% of that. Holding of mutual funds in the company is about 19.82% while other institutional holders and individual stake holders have control over 20.41% and — of the stake respectively.
The stock has a current market capitalization of $2.72B and its 3Y-monthly beta is at 1.41. It has posted earnings per share of -$1.23 in the same period. It has Quick Ratio of 2.30 while making debt-to-equity ratio of 0.84. 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 3.65% while standing at 4.37% over the month.
Analysts are in expectations that Grupo Televisa S.A.B. (TV) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 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 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 578.90%.
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 BofA Securities on November 29, 2022 offering a Neutral rating for the stock and assigned a target price of $6.50 to it. Coverage by Credit Suisse stated Grupo Televisa S.A.B. (TV) stock as a Neutral in their note to investors on August 11, 2022, suggesting a price target of $8 for the stock. On June 28, 2022, UBS Initiated their recommendations, while on June 02, 2022, Goldman Resumed their ratings for the stock with a price target of $11.50. Stock get an Equal weight rating from Barclays on March 23, 2022.
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