South Dakota Investment Council Has Increased Molson Coors Brewing Co (TAP) Position by $1.22 Million; Black Creek Investment Management Cut Grupo Televisa Sa (TV) Stake by $28.91 Million; Stock Price Rose

January 1, 2018 - By Henry Gaston

Black Creek Investment Management Inc decreased its stake in Grupo Televisa Sa (TV) by 18.73% based on its latest 2017Q3 regulatory filing with the SEC. Black Creek Investment Management Inc sold 1.20M shares as the company’s stock rose 4.76% with the market. The institutional investor held 5.23M shares of the broadcasting company at the end of 2017Q3, valued at $128.94M, down from 6.43M at the end of the previous reported quarter. Black Creek Investment Management Inc who had been investing in Grupo Televisa Sa for a number of months, seems to be less bullish one the $11.61 billion market cap company. The stock decreased 0.21% or $0.04 during the last trading session, reaching $18.67. About 1.45M shares traded. Grupo Televisa, S.A.B. (NYSE:TV) has declined 5.54% since January 1, 2017 and is downtrending. It has underperformed by 22.24% the S&P500.

South Dakota Investment Council increased its stake in Molson Coors Brewing Co (TAP) by 16.04% based on its latest 2017Q3 regulatory filing with the SEC. South Dakota Investment Council bought 15,040 shares as the company’s stock declined 7.34% while stock markets rallied. The institutional investor held 108,810 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $8.88 million, up from 93,770 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Molson Coors Brewing Co for a number of months, seems to be bullish on the $17.68 billion market cap company. The stock increased 0.05% or $0.04 during the last trading session, reaching $82.07. About 798,746 shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 3.45% since January 1, 2017 and is downtrending. It has underperformed by 20.15% 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) has “Buy” rating given on Tuesday, January 24 by Bank of America. JP Morgan upgraded Grupo Televisa, S.A.B. (NYSE:TV) on Friday, December 15 to “Overweight” rating. The company was initiated on Wednesday, April 20 by Evercore. The rating was upgraded by HSBC to “Hold” on Thursday, May 25. The stock of Grupo Televisa, S.A.B. (NYSE:TV) earned “Reduce” rating by HSBC on Thursday, May 12. The stock of Grupo Televisa, S.A.B. (NYSE:TV) earned “Neutral” rating by Credit Suisse on Wednesday, March 8. On Tuesday, February 28 the stock rating was downgraded by HSBC to “Reduce”. On Tuesday, September 27 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of Grupo Televisa, S.A.B. (NYSE:TV) has “Equal-Weight” rating given on Thursday, August 10 by Morgan Stanley. The firm earned “Buy” rating on Friday, December 15 by J.P. Morgan.

Black Creek Investment Management Inc, which manages about $2.97 billion and $2.27B US Long portfolio, upped its stake in Varex Imaging Corp by 515,053 shares to 1.32M shares, valued at $44.75 million in 2017Q3, according to the filing. It also increased its holding in Grupo Financiero Santander M (NYSE:BSMX) by 1.85M shares in the quarter, for a total of 21.95M shares, and has risen its stake in Carnival Corp (NYSE:CCL).

South Dakota Investment Council, which manages about $4.94B US Long portfolio, decreased its stake in State Str Corp (NYSE:STT) by 7,399 shares to 9,100 shares, valued at $869,000 in 2017Q3, according to the filing. It also reduced its holding in Cigna Corporation (NYSE:CI) by 15,550 shares in the quarter, leaving it with 170,793 shares, and cut its stake in Trinity Inds Inc (NYSE:TRN).

Since August 3, 2017, it had 0 insider buys, and 1 sale for $1.58 million activity.