Grupo Televisa, S.A.B. (NYSE:TV) Sees Large Decrease in Short Interest

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

Analyst Upgrades and Downgrades

TV has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Benchmark reaffirmed a "buy" rating and issued a $7.00 target price (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th.

Grupo Televisa, S.A.B. Stock Up 1.1 %

TV traded up $0.02 on Thursday, hitting $1.82. 1,369,277 shares of the company were exchanged, compared to its average volume of 1,854,865. Grupo Televisa, S.A.B. has a twelve month low of $1.55 and a twelve month high of $3.43. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -2.49 and a beta of 1.92. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $1.80 and a two-hundred day moving average price of $1.93.

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

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its position in shares of Grupo Televisa, S.A.B. by 72.7% during 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. PEAK6 LLC acquired a new stake in Grupo Televisa, S.A.B. during the 4th quarter worth approximately $41,000. Central Pacific Bank Trust Division grew its stake in shares of Grupo Televisa, S.A.B. by 66.7% in the 4th 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 last quarter. Russell Investments Group Ltd. acquired a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Grupo Televisa, S.A.B. by 3,312.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock worth $52,000 after purchasing an additional 30,143 shares during the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

About Grupo Televisa, S.A.B.

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.