5 Best Cheap Stocks to Buy According to Billionaire Mario Gabelli

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

Number of Hedge Fund Holders: 15  

Grupo Televisa, S.A.B. (NYSE: TV) is a Mexico-based mass media company founded in 1973. It is placed fourth on our list of 10 best cheap stocks to buy according to billionaire Mario Gabelli. Grupo stock has returned more than 124% to investors over the course of the past twelve months. The hedge fund run by Gabelli owns more than 4.7 million shares in the media company worth over $41 million, representing 0.36% of their investment portfolio. GAMCO has increased activity on Grupo stock by 34% in the past few months. 

In February, Grupo Televisa, S.A.B. (NYSE: TV) posted earnings results for the last quarter of 2020, reporting earnings per share of Ps 1.30 and a revenue of over Ps 27 billion, down close to 1% compared to the same period in 2019.

At the end of the first quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $752 million in Grupo Televisa, S.A.B. (NYSE: TV), down from 20 in the preceding quarter worth $692 million.