Grupo Televisa S.A. (NYSE:TV) Stock Short Interest Jumps 46.7%

Key Points

• Short interest surged 46.7% to 1.79 million shares as of September 15, representing 0.3% of Grupo Televisa’s outstanding shares and a short-interest ratio of one day.
• Institutional ownership stands at 55.77%, with several funds increasing their positions, including Barometer Capital Management, which boosted its stake by more than 5,200%.
• Analyst sentiment is cautious, with an average rating of “Reduce” and a consensus price target of $6.55. The stock recently traded at $2.25 after the company reported a quarterly EPS loss of $0.05, missing expectations.

Grupo Televisa S.A. (NYSE:TV - Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,792,973 shares, an increase of 46.7% from the August 31st total of 1,222,031 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,810,343 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Grupo Televisa

A number of institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC lifted its holdings in shares of Grupo Televisa by 1.7% during the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company's stock worth $22,755,000 after acquiring an additional 133,000 shares during the last quarter. Barometer Capital Management Inc. boosted its holdings in Grupo Televisa by 5,216.5% in the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company's stock worth $1,315,000 after acquiring an additional 443,400 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Grupo Televisa during the first quarter valued at $413,000. NewEdge Advisors LLC increased its position in Grupo Televisa by 1,335.4% during the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company's stock valued at $392,000 after acquiring an additional 125,473 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in Grupo Televisa in the 1st quarter worth $62,000. 55.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TV. UBS Group dropped their price objective on Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating for the company in a report on Monday, July 6th. New Street Research cut Grupo Televisa from a "hold" rating to a "strong sell" rating in a report on Wednesday, June 17th. Wall Street Zen downgraded shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Grupo Televisa in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $6.55.

Grupo Televisa Trading Down 1.5%

TV traded down $0.04 during trading on Thursday, hitting $2.25. The company's stock had a trading volume of 815,621 shares, compared to its average volume of 1,603,038. Grupo Televisa has a twelve month low of $2.18 and a twelve month high of $3.49. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05. The stock's fifty day moving average price is $2.63 and its 200-day moving average price is $2.77. The firm has a market capitalization of $1.19 billion, a P/E ratio of -2.47, a PEG ratio of 0.70 and a beta of 1.54.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its earnings results on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $816.64 million for the quarter, compared to the consensus estimate of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. Analysts anticipate that Grupo Televisa will post 0.1 EPS for the current year.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a Mexican media and telecommunications company serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.

The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.

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