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

Grupo Televisa S.A. (NYSE:TV) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 820,205 shares, a drop 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 short-interest ratio is presently 1.0 days. Approximately 0.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Grupo Televisa Stock Performance

Shares of TV stock opened at $2.79 on Wednesday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.07, a price-to-earnings-growth ratio of 0.54 and a beta of 1.55. The company has a 50 day moving average price of $2.76 and a 200 day moving average price of $2.94. Grupo Televisa has a one year low of $2.27 and a one year high of $3.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.36 and a current ratio of 2.40.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Friday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The firm had revenue of $816.64 million for the quarter, compared to analysts’ expectations of $818.16 million. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. Sell-side analysts anticipate that Grupo Televisa will post 0.15 EPS for the current year.

Insider Buying and Selling at Grupo Televisa

In related news, insider Francisco Valim sold 225,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total value of $128,250.00. Following the sale, the insider directly owned 225,000 shares of the company’s stock, valued at approximately $128,250. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Viadero Salvi Rafael Folch sold 200,003 shares of the stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of $0.56, for a total transaction of $112,001.68. Following the completion of the sale, the director owned 32,997 shares in the company, valued at $18,478.32. This represents a 85.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,197,500 shares of company stock worth $680,245.

Hedge Funds Weigh In On Grupo Televisa

A number of institutional investors have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC acquired a new stake in shares of Grupo Televisa during the second quarter valued at about $29,000. SmartHarvest Portfolios LLC purchased a new position in shares of Grupo Televisa during the 1st quarter valued at approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Grupo Televisa during the 4th quarter valued at $32,000. AXQ Capital LP acquired a new position in Grupo Televisa in the fourth quarter worth about $35,000. Finally, Diversified Trust Co. bought a new stake in shares of Grupo Televisa in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

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.