Highfields Capital Management LP Has Raised Its Grupo Televisa Sa (TV) Stake by $82.63 Million as Shares Rose; Walter & Keenan Financial Consulting Company Position in General Electric Co (GE) Raised by $383,496 as Market Valuation Declined

January 14, 2018 - By Nellie Frank

Jonathon Jacobson increased its stake in Grupo Televisa Sa (TV) by 23.14% based on its latest 2017Q3 regulatory filing with the SEC. Highfields Capital Management Lp bought 3.44M shares as the company’s stock rose 4.76% with the market. The hedge fund run by Jonathon Jacobson held 18.32M shares of the broadcasting company at the end of 2017Q3, valued at $451.97M, up from 14.88M at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Grupo Televisa Sa for a number of months, seems to be bullish on the $12.07 billion market cap company. The stock increased 1.01% or $0.19 during the last trading session, reaching $19.08. About 1.81 million shares traded. Grupo Televisa, S.A.B. (NYSE:TV) has declined 5.54% since January 14, 2017 and is downtrending. It has underperformed by 22.24% the S&P500.

Walter & Keenan Financial Consulting Company increased its stake in General Electric Co (GE) by 6.52% based on its latest 2017Q3 regulatory filing with the SEC. Walter & Keenan Financial Consulting Company bought 15,979 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 261,089 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $6.31M, up from 245,110 at the end of the previous reported quarter. Walter & Keenan Financial Consulting Company who had been investing in General Electric Co for a number of months, seems to be bullish on the $162.69 billion market cap company. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08 million shares traded or 6.24% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 14, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 10 analysts covering Grupo Televisa SAB (NYSE:TV), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Grupo Televisa SAB had 23 analyst reports since September 4, 2015 according to SRatingsIntel. The stock of Grupo Televisa, S.A.B. (NYSE:TV) earned “Hold” rating by HSBC on Wednesday, September 30. The stock of Grupo Televisa, S.A.B. (NYSE:TV) earned “Reduce” rating by HSBC on Thursday, May 12. The firm has “Equal-Weight” rating given on Thursday, August 10 by Morgan Stanley. The firm has “Hold” rating given on Friday, September 4 by TheStreet. The stock has “Buy” rating by J.P. Morgan on Friday, December 15. The rating was upgraded by Credit Suisse on Monday, May 1 to “Hold”. As per Friday, January 8, the company rating was upgraded by Bank of America. Citigroup upgraded Grupo Televisa, S.A.B. (NYSE:TV) on Monday, December 4 to “Hold” rating. The stock has “Neutral” rating by Credit Suisse on Friday, February 19. The rating was upgraded by HSBC to “Hold” on Thursday, September 22.

Highfields Capital Management Lp, which manages about $22.71B and $11.61 billion US Long portfolio, decreased its stake in Firstenergy Corp (Call) (NYSE:FE) by 500,000 shares to 500,000 shares, valued at $15.42M in 2017Q3, according to the filing. It also reduced its holding in American Tower Corp New (NYSE:AMT) by 1.83M shares in the quarter, leaving it with 659,386 shares, and cut its stake in Plains Gp Hldgs L P.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dived, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Destination Wealth Management invested in 1.3% or 840,973 shares. Haverford Trust Co reported 0.74% of its portfolio in General Electric Company (NYSE:GE). Berson Corrado Investment Advsr Ltd accumulated 1.53% or 112,459 shares. Jp Marvel Invest Limited Com owns 198,798 shares. Huntington Steele Limited Liability owns 16,302 shares or 0.12% of their US portfolio. S R Schill And Associate holds 0.44% of its portfolio in General Electric Company (NYSE:GE) for 30,652 shares. Silvercrest Asset Mngmt Gru Limited Com reported 0.5% of its portfolio in General Electric Company (NYSE:GE). Haverford Fin holds 0.12% in General Electric Company (NYSE:GE) or 12,780 shares. Fdx Advisors Inc holds 0.32% or 480,669 shares. Jackson Wealth Management Limited Liability Com accumulated 12,375 shares or 0.08% of the stock. Private Wealth Ptnrs Limited Liability Corp invested in 0.91% or 187,225 shares. Warren Averett Asset Mngmt Ltd Company invested in 101,047 shares. Minnesota-based Cahill Financial Advsr Inc has invested 0.12% in General Electric Company (NYSE:GE). Bryn Mawr Tru reported 1.23% in General Electric Company (NYSE:GE). Ntv Asset Management Limited Liability Com has invested 1.48% of its portfolio in General Electric Company (NYSE:GE).

Since August 8, 2017, it had 2 insider buys, and 1 insider sale for $4.48 million activity. 100,000 General Electric Company (NYSE:GE) shares with value of $2.46M were bought by TISCH JAMES S. 24,693 General Electric Company (NYSE:GE) shares with value of $633,375 were sold by Comstock Elizabeth J.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of GE in report on Sunday, December 10 with “Hold” rating. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by Bernstein on Friday, December 16. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, April 24. The rating was downgraded by Vetr on Tuesday, September 22 to “Hold”. The rating was initiated by Cowen & Co on Tuesday, June 7 with “Market Perform”. On Friday, September 15 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock has “Buy” rating by S&P Research on Wednesday, October 14. The firm earned “Sell” rating on Friday, May 12 by Deutsche Bank. S&P Research maintained General Electric Company (NYSE:GE) on Monday, August 17 with “Buy” rating. RBC Capital Markets maintained the shares of GE in report on Monday, October 23 with “Buy” rating.

Walter & Keenan Financial Consulting Company, which manages about $337.76M and $216.67M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 4,199 shares to 90,119 shares, valued at $6.71M in 2017Q3, according to the filing.

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