Short Interest in Grupo Televisa S.A. (NYSE:TV) Drops By 37.7%

Key Points

• Grupo Televisa S.A. experienced a significant decrease in short interest, dropping by 37.7% to 2,590,000 shares in August, resulting in a days-to-cover ratio of 1.4 days.
• The company's stock has seen fluctuations, trading up 3.3% and reaching a recent price of $2.94, with a reported one-year high of $2.95.
• Analysts have mixed views on Grupo Televisa, with ratings ranging from "buy" to "hold" and an average price target set at $4.70.

Grupo Televisa S.A. (NYSE:TV - Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 2,590,000 shares, a decrease of 37.7% from the July 31st total of 4,160,000 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 1,790,000 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 1,790,000 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TV. The Goldman Sachs Group lowered Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 target price on the stock. in a research note on Friday, August 8th. Zacks Research lowered Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. UBS Group upped their target price on Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. raised Grupo Televisa from a "neutral" rating to an "overweight" rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen lowered Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.70.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Corient Private Wealth LLC raised its position in shares of Grupo Televisa by 2.8% in the 2nd quarter. Corient Private Wealth LLC now owns 237,177 shares of the company's stock worth $519,000 after buying an additional 6,518 shares during the period. Signaturefd LLC raised its position in shares of Grupo Televisa by 72.7% in the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock worth $28,000 after buying an additional 6,770 shares during the period. EntryPoint Capital LLC raised its position in shares of Grupo Televisa by 6.9% in the 1st quarter. EntryPoint Capital LLC now owns 137,851 shares of the company's stock worth $241,000 after buying an additional 8,953 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Grupo Televisa by 2.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 405,950 shares of the company's stock valued at $889,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in Grupo Televisa in the 2nd quarter valued at $29,000. 55.77% of the stock is owned by hedge funds and other institutional investors.

Grupo Televisa Trading Down 1.6%

Shares of Grupo Televisa stock traded down $0.05 during trading hours on Tuesday, reaching $2.81. 982,698 shares of the company's stock were exchanged, compared to its average volume of 1,217,299. Grupo Televisa has a 52-week low of $1.55 and a 52-week high of $2.95. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -3.74, a price-to-earnings-growth ratio of 2.98 and a beta of 1.97. The company has a fifty day moving average of $2.45 and a 200-day moving average of $2.11. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%.The company had revenue of $787.59 million for the quarter, compared to analyst estimates of $14.96 billion. Sell-side analysts forecast that Grupo Televisa will post -0.07 EPS for the current fiscal year.

Grupo Televisa Company Profile

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.