Grupo Televisa S.A. (NYSE:TV) Short Interest Down 77.7% in April
by Jessica Moore · The Cerbat GemGrupo Televisa S.A. (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 totaling 861,801 shares, a decrease of 77.7% from the March 31st total of 3,867,010 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,126,187 shares, the days-to-cover ratio is presently 0.8 days.
Analyst Ratings Changes
A number of research firms have recently weighed in on TV. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. UBS Group increased their price objective on shares of Grupo Televisa from $2.60 to $3.70 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Benchmark reiterated a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Televisa in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.43.
Read Our Latest Research Report on Grupo Televisa
Insider Buying and Selling at Grupo Televisa
In other news, Director Salmon Denise Maerker sold 565,084 shares of the stock in a transaction on Friday, March 27th. The shares were sold at an average price of $0.58, for a total value of $327,748.72. Following the sale, the director owned 565,084 shares in the company, valued at $327,748.72. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Institutional Trading of Grupo Televisa
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TV. Vanguard Personalized Indexing Management LLC acquired a new stake in Grupo Televisa during the third quarter valued at $28,000. TD Private Client Wealth LLC grew its position in Grupo Televisa by 68.8% during the third quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock valued at $29,000 after buying an additional 4,355 shares during the period. Evergreen Capital Management LLC acquired a new stake in Grupo Televisa during the second quarter valued at $29,000. SmartHarvest Portfolios LLC acquired a new stake in Grupo Televisa during the first quarter valued at $30,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Grupo Televisa during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 55.77% of the company’s stock.
Grupo Televisa Stock Performance
TV stock traded down $0.16 during midday trading on Monday, hitting $2.93. 1,556,534 shares of the stock traded hands, compared to its average volume of 1,264,919. The firm has a market cap of $1.56 billion, a P/E ratio of -3.29, a PEG ratio of 0.98 and a beta of 1.87. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.12 and a quick ratio of 2.11. The stock’s fifty day simple moving average is $3.02 and its 200-day simple moving average is $2.93. Grupo Televisa has a 1-year low of $1.67 and a 1-year high of $3.49.
Grupo Televisa (NYSE:TV – Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.80) EPS for the quarter. The firm had revenue of $807.20 million for the quarter. Grupo Televisa had a negative net margin of 15.75% and a negative return on equity of 8.56%. On average, analysts expect that Grupo Televisa will post 0.09 earnings per share for the current year.
Grupo Televisa Company Profile
Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.
Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.