Grupo Televisa, S.A.B. (NYSE:TV) Short Interest Update

Grupo Televisa, S.A.B. (NYSE:TV) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 8,390,000 shares, a decrease of 13.3% from the February 28th total of 9,680,000 shares. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Benchmark reissued a “buy” rating and set a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. The Goldman Sachs Group reduced their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.23.

Grupo Televisa, S.A.B. Stock Performance

NYSE TV traded down $0.01 on Wednesday, reaching $1.76. The stock had a trading volume of 184,923 shares, compared to its average volume of 2,317,856. The stock has a market cap of $974.13 million, a P/E ratio of -2.41 and a beta of 1.84. Grupo Televisa, S.A.B. has a 12-month low of $1.66 and a 12-month high of $3.47. The business’s 50-day moving average price is $1.91 and its 200 day moving average price is $2.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The business had revenue of $758.58 million during the quarter, compared to analysts’ expectations of $15.49 billion. As a group, equities analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several hedge funds have recently made changes to their positions in the business. PEAK6 LLC acquired a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at about $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. 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. Finally, PEAK6 Investments LLC acquired a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth $119,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

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.