Dorsal Capital Management LLC Increased Grupo Televisa Sa (TV) Stake by $5.95 Million

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

Dorsal Capital Management Llc’s holdings in Grupo Televisa Sa (TV) is rose by 9.33% based on its latest 2018Q3 regulatory filing with the SEC. The company’s stock sank 24.96% while Dorsal Capital Management Llc bought 350,000 shares. At the end of 2018Q3, the 4.10M shares of the broadcasting company held by the hedge fund were valued at $72.73 million, up from 3.75 million at the end of the previous reported quarter. $7.16B is the MC of Grupo Televisa Sa. The stock decreased 1.20% or $0.15 during the last trading session, hitting $12.3.Grupo Televisa, S.A.B. is downtrending after having declined 29.16% since January 12, 2018. TV has 2.45 million volume or 35.43% up from normal. The stock underperformed the S&P500 by 29.16%.

Dorsal Capital Management Llc operates about $1.15 billion and $1.73 billion US Long portfolio. Its stake in Lowes Cos Inc (NYSE:LOW) was decreased by 825,000 shares to 675,000 shares valued at $77.50M in 2018Q3, according to the filing. For a total of 200,000 shares it reduced its holding in Facebook Inc (Call) (NASDAQ:FB) by 425,000 shares in the quarter, and has cut its stake in Facebook Inc (NASDAQ:FB).

For more Grupo Televisa, S.A.B. (NYSE:TV) news posted recently go to: Seekingalpha.com, Seekingalpha.com, 247Wallst.com, Benzinga.com or Seekingalpha.com. The titles are as follows: “ComScore, Nexstar forge tighter ties as Nielsen alternative – Seeking Alpha” posted on January 10, 2019, “Gray Television closes $3.6B Raycom acquisition – Seeking Alpha” on January 03, 2019, “Best Buy Hammered to 52-Week Low as Amazon Strengthens – 24/7 Wall St.” with a publish date: December 17, 2018, “Analyst: WWE’s Big Run Will Continue (NYSE:WWE) – Benzinga” and the last “TV vet Reilly to lead content for WarnerMedia streaming – Seeking Alpha” with publication date: December 14, 2018.

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