Short Interest in Grupo Televisa S.A. (NYSE:TV) Declines By 24.7%

Key Points

• Grupo Televisa experienced a significant decline in short interest, dropping by 24.7% in August, with a total of 1,950,000 shares sold short as of August 31st.
• Research firms have downgraded Grupo Televisa's stock ratings, with a consensus rating of "Hold" and an average target price of $4.70.
• The company's stock is currently trading at $2.83, with a market cap of $1.56 billion and a debt-to-equity ratio of 0.03.

Grupo Televisa S.A. (NYSE:TV - Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,950,000 shares, a decline of 24.7% from the August 15th total of 2,590,000 shares. Based on an average trading volume of 1,640,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 1,640,000 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC raised 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 in the last quarter. Evergreen Capital Management LLC acquired a new stake in Grupo Televisa during the second quarter valued at approximately $29,000. Assetmark Inc. acquired a new stake in Grupo Televisa during the second quarter valued at approximately $34,000. R Squared Ltd raised 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 valued at $37,000 after buying an additional 17,170 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Grupo Televisa by 114.8% during the 1st 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 period. Hedge funds and other institutional investors own 55.77% of the company's stock.

Analysts Set New Price Targets

TV has been the subject of a number of analyst reports. Benchmark boosted their price target on Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised Grupo Televisa from a "neutral" rating to an "overweight" rating in a report on Wednesday, August 27th. UBS Group boosted 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. Zacks Research lowered Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group lowered Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 target price for the company. in a research note on Friday, August 8th. Two investment 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, the company presently has a consensus rating of "Hold" and a consensus price target of $4.70.

Grupo Televisa Stock Down 0.7%

TV traded down $0.02 on Friday, reaching $2.72. The company's stock had a trading volume of 1,175,274 shares, compared to its average volume of 1,112,105. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -3.63, a price-to-earnings-growth ratio of 2.84 and a beta of 1.97. Grupo Televisa has a 1 year low of $1.55 and a 1 year high of $2.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 2.33. The business's 50 day moving average is $2.54 and its 200 day moving average is $2.16.

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

About Grupo Televisa

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.