Short Interest in Grupo Televisa, S.A.B. (NYSE:TV) Drops By 15.7%

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 4,830,000 shares, a decrease of 15.7% from the March 31st total of 5,730,000 shares. Approximately 1.1% of the company's shares are sold short. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its holdings in Grupo Televisa, S.A.B. by 72.7% during the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after acquiring an additional 6,770 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock valued at $42,000 after purchasing an additional 10,000 shares during the period. Northern Trust Corp grew its holdings in shares of Grupo Televisa, S.A.B. by 57.9% in the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock valued at $108,000 after purchasing an additional 23,648 shares in the last quarter. PEAK6 LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $41,000. Finally, Russell Investments Group Ltd. purchased a new stake in Grupo Televisa, S.A.B. during the 4th quarter worth approximately $47,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TV. Benchmark reiterated a "buy" rating and issued a $7.00 target price (down from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. The Goldman Sachs Group decreased their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating on the stock in a report on Tuesday, January 28th.

Grupo Televisa, S.A.B. Trading Up 0.3 %

NYSE TV opened at $1.77 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The stock has a market capitalization of $977.46 million, a P/E ratio of -2.42 and a beta of 1.70. The firm's 50-day moving average is $1.81 and its two-hundred day moving average is $1.94. Grupo Televisa, S.A.B. has a 12 month low of $1.55 and a 12 month high of $3.43.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The firm had revenue of $763.42 million for the quarter, compared to analyst estimates of $15.33 billion. On average, sell-side analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Grupo Televisa, S.A.B. 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.

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