As Grupo Televisa Sa (TV) Stock Price Rose, Altrinsic Global Advisors LLC Raised Stake by $5.69 Million

October 13, 2018 - By Richard Conner

Grupo Televisa, S.A.B. (NYSE:TV) Logo

Altrinsic Global Advisors Llc increased its stake in Grupo Televisa Sa (TV) by 7.85% based on its latest 2018Q2 regulatory filing with the SEC. Altrinsic Global Advisors Llc bought 316,085 shares as the company’s stock rose 3.84% with the market. The institutional investor held 4.34 million shares of the broadcasting company at the end of 2018Q2, valued at $82.29M, up from 4.03M at the end of the previous reported quarter. Altrinsic Global Advisors Llc who had been investing in Grupo Televisa Sa for a number of months, seems to be bullish on the $9.85B market cap company. The stock increased 0.55% or $0.09 during the last trading session, reaching $16.53. About 1.37 million shares traded or 4.89% up from the average. Grupo Televisa, S.A.B. (NYSE:TV) has declined 28.04% since October 13, 2017 and is downtrending. It has underperformed by 43.66% the S&P500.

Altrinsic Global Advisors Llc, which manages about $14.11B and $2.53 billion US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 198,018 shares to 300,479 shares, valued at $15.12M in 2018Q2, according to the filing.

Another recent and important Grupo Televisa, S.A.B. (NYSE:TV) news was published by Seekingalpha.com which published an article titled: “Oakmark Global Fund: Third Quarter 2018” on October 08, 2018.

Grupo Televisa, S.A.B. (NYSE:TV) Ratings Coverage

Among 3 analysts covering Televisa (NYSE:TV), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Televisa had 3 analyst reports since June 4, 2018 according to SRatingsIntel. Bank of America maintained the shares of TV in report on Tuesday, July 17 with “Buy” rating. The rating was downgraded by Scotia Capital to “Sell” on Wednesday, June 20.

Grupo Televisa, S.A.B. (NYSE:TV) Ratings Chart

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