Grupo Televisa SAB (ADR) (TV): Are Hedge Funds Right About This Stock?

Judging by the fact that Grupo Televisa SAB (ADR) (NYSE:TV) has experienced no change in interest from the aggregate hedge fund industry, we will take a look at a certain “tier” of hedge funds who were dropping their positions entirely by the end of the third quarter. Interestingly, Jean-Marie Eveillard’s First Eagle Investment Management dumped the largest stake of the 700 funds watched by Insider Monkey, worth about $901.3 million in stock, and Dmitry Balyasny’s Balyasny Asset Management was right behind this move, as the fund sold off about $7.4 million worth of Grupo Televisa shares. These bearish behaviors are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Grupo Televisa SAB (ADR) (NYSE:TV) but similarly valued. These stocks are American Water Works Co., Inc. (NYSE:AWK), Energy Transfer Equity, L.P. (NYSE:ETE), Incyte Corporation (NASDAQ:INCY), and Rockwell Automation (NYSE:ROK). This group of stocks’ market valuations are closest to TV’s market valuation.

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $1.19 billion. That figure was $1.69 billion in TV’s case. Incyte Corporation (NASDAQ:INCY) is the most popular stock in this table. On the other hand Energy Transfer Equity, L.P. (NYSE:ETE) is the least popular one with only 20 bullish hedge fund positions. Grupo Televisa SAB (ADR) (NYSE:TV) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard INCY might be a better candidate to consider a long position.

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Disclosure: None