Grupo Televisa S.A. (NYSE:TV) Sees Significant Drop in Short Interest

Grupo Televisa S.A. (NYSE:TV) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 820,205 shares, a decline of 63.9% from the June 30th total of 2,269,142 shares. Based on an average daily trading volume, of 794,750 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the company’s shares are short sold.

Analyst Ratings Changes

Several research firms have commented on TV. UBS Group cut their target price on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research note on Monday, July 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. New Street Research downgraded shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen raised Grupo Televisa from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $5.23.

Insider Transactions at Grupo Televisa

In related news, Director Margain Guadalupe Phillips sold 44,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $0.57, for a total transaction of $25,365.00. Following the completion of the transaction, the director owned 838,275 shares in the company, valued at approximately $477,816.75. The trade was a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Francisco Valim sold 225,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total transaction of $128,250.00. Following the completion of the sale, the insider owned 225,000 shares of the company’s stock, valued at approximately $128,250. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,197,500 shares of company stock valued at $680,245.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC bought a new position in Grupo Televisa during the 2nd quarter worth approximately $29,000. SmartHarvest Portfolios LLC bought a new position in shares of Grupo Televisa in the first quarter valued at $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Grupo Televisa in the 4th quarter valued at about $32,000. AXQ Capital LP bought a new position in shares of Grupo Televisa in the fourth quarter valued at approximately $35,000. Finally, Diversified Trust Co. purchased a new position in Grupo Televisa during the 4th quarter worth $38,000. 55.77% of the stock is owned by institutional investors.

Grupo Televisa Stock Performance

Grupo Televisa stock opened at $2.75 on Monday. The stock has a market cap of $1.47 billion, a PE ratio of -3.03 and a beta of 1.55. The company has a quick ratio of 2.36, a current ratio of 2.39 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $2.76 and its two-hundred day moving average price is $2.94. Grupo Televisa has a 12-month low of $2.27 and a 12-month high of $3.49.

Grupo Televisa (NYSE:TV) last issued its earnings results on Thursday, July 23rd. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.58%. The company had revenue of $816.64 million during the quarter, compared to analyst estimates of $818.16 million. As a group, analysts expect that Grupo Televisa will post 0.15 earnings per share for the current fiscal 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.