Grupo Televisa S.A. (NYSE:TV) Short Interest Down 24.7% in August

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) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,950,000 shares, a drop 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 currently 1.2 days. Approximately 0.5% of the company's shares are short sold. Approximately 0.5% of the company's shares are short sold. Based on an average trading volume of 1,640,000 shares, the days-to-cover ratio is currently 1.2 days.

Grupo Televisa Stock Performance

Shares of TV traded down $0.02 during trading hours on Friday, hitting $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 company has a market cap of $1.51 billion, a price-to-earnings ratio of -3.63, a PEG ratio of 2.84 and a beta of 1.97. 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 has a 50 day simple moving average of $2.54 and a two-hundred day simple moving average of $2.16. Grupo Televisa has a 52-week low of $1.55 and a 52-week high of $2.97.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 net margin of 13.56% and a negative return on equity of 6.95%. On average, equities analysts expect that Grupo Televisa will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TV has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. UBS Group lifted their price target on shares of Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group cut shares of Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price target on the stock. in a research report on Friday, August 8th. Benchmark boosted their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Televisa from a "neutral" rating to an "overweight" rating in a research note on Wednesday, August 27th. 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.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.70.

Hedge Funds Weigh In On Grupo Televisa

Large investors have recently modified their holdings of the business. Signaturefd LLC increased its stake in shares of Grupo Televisa by 72.7% in the first quarter. Signaturefd LLC now owns 16,085 shares of the company's stock worth $28,000 after purchasing an additional 6,770 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Grupo Televisa during the 2nd quarter worth approximately $29,000. Assetmark Inc. bought a new stake in Grupo Televisa during the 2nd quarter worth approximately $34,000. R Squared Ltd increased its holdings in Grupo Televisa by 405.9% during the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock worth $37,000 after acquiring an additional 17,170 shares during the period. Finally, Vident Advisory LLC increased its holdings in 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 acquiring an additional 15,374 shares during the period. Hedge funds and other institutional investors own 55.77% of the company's stock.

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.