Grupo Televisa S.A. (NYSE:TV) Short Interest Down 63.9% in July

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

Insider Activity at Grupo Televisa

In other Grupo Televisa news, Director Margain Guadalupe Phillips sold 44,500 shares of Grupo Televisa 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 transaction, the director directly owned 838,275 shares of the company’s stock, valued at approximately $477,816.75. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Viadero Salvi Rafael Folch sold 200,003 shares of Grupo Televisa stock in a transaction on Monday, May 25th. The stock was sold at an average price of $0.56, for a total transaction of $112,001.68. Following the completion of the transaction, the director owned 32,997 shares in the company, valued at approximately $18,478.32. The trade was a 85.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,197,500 shares of company stock worth $680,245 in the last quarter.

Hedge Funds Weigh In On Grupo Televisa

Institutional investors and hedge funds have recently modified their holdings of the stock. SmartHarvest Portfolios LLC purchased a new position in shares of Grupo Televisa in the 1st quarter worth about $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Grupo Televisa in the 4th quarter valued at approximately $32,000. AXQ Capital LP purchased a new stake in Grupo Televisa during the 4th quarter valued at $35,000. Diversified Trust Co. bought a new stake in shares of Grupo Televisa in the 4th quarter worth $38,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Grupo Televisa in the second quarter worth $29,000. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa Stock Down 0.5%

Shares of TV traded down $0.01 during mid-day trading on Tuesday, reaching $2.79. The company had a trading volume of 1,209,537 shares, compared to its average volume of 1,191,680. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39. The firm has a 50-day moving average price of $2.76 and a 200 day moving average price of $2.94. Grupo Televisa has a 52 week low of $2.27 and a 52 week high of $3.49. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.07 and a beta of 1.55.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Thursday, July 23rd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $816.64 million during the quarter, compared to analysts’ expectations of $818.16 million. Grupo Televisa had a negative return on equity of 8.58% and a negative net margin of 15.28%. On average, sell-side analysts forecast that Grupo Televisa will post 0.15 EPS for the current year.

Analysts Set New Price Targets

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

About Grupo Televisa

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.