Grupo Televisa S.A. (NYSE:TV) Sees Large Drop in Short Interest

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 significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 2,590,000 shares, a drop of 37.7% from the July 31st total of 4,160,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is currently 1.4 days.

Grupo Televisa Price Performance

NYSE:TV traded down $0.01 during trading hours on Thursday, hitting $2.78. 1,080,847 shares of the company's stock traded hands, compared to its average volume of 2,048,373. The firm has a market cap of $1.54 billion, a P/E ratio of -3.70, a P/E/G ratio of 2.92 and a beta of 1.97. Grupo Televisa has a 52 week low of $1.55 and a 52 week high of $2.95. The business's fifty day simple moving average is $2.46 and its two-hundred day simple moving average is $2.12. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.03.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Benchmark raised their target price on Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised Grupo Televisa from a "neutral" rating to an "overweight" rating in a research report on Wednesday, August 27th. Wall Street Zen lowered Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. UBS Group raised their price target on Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group lowered Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price target for the company. in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Grupo Televisa has a consensus rating of "Hold" and a consensus price target of $4.70.

Institutional Investors Weigh In On Grupo Televisa

Several large investors have recently added to or reduced their stakes in TV. Signaturefd LLC boosted its stake in Grupo Televisa by 72.7% during the first quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after buying an additional 6,770 shares during the period. Evergreen Capital Management LLC bought a new stake in Grupo Televisa during the second quarter worth about $29,000. Assetmark Inc. bought a new stake in Grupo Televisa during the second quarter worth about $34,000. R Squared Ltd lifted its stake in Grupo Televisa by 405.9% during the first quarter. R Squared Ltd now owns 21,400 shares of the company's stock worth $37,000 after purchasing an additional 17,170 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in Grupo Televisa by 114.8% during the first quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock worth $50,000 after purchasing an additional 15,374 shares during the last quarter. Institutional investors own 55.77% of the company's stock.

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.