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

Grupo Televisa, S.A.B. (NYSE:TV) saw a large decrease in short interest in the month of 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. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is currently 3.6 days.

Grupo Televisa, S.A.B. Stock Down 1.4 %

Shares of Grupo Televisa, S.A.B. stock traded down $0.03 during trading on Thursday, hitting $1.75. 1,790,241 shares of the stock traded hands, compared to its average volume of 1,756,300. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $1.91 and its 200 day simple moving average is $2.04. The firm has a market cap of $966.38 million, a P/E ratio of -2.39 and a beta of 1.84. Grupo Televisa, S.A.B. has a 52-week low of $1.66 and a 52-week high of $3.47.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its earnings results on Thursday, February 20th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $15.49 billion. On average, equities analysts predict that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of Grupo Televisa, S.A.B. in the 4th quarter worth $213,000. Employees Retirement System of Texas bought a new position in Grupo Televisa, S.A.B. in the fourth quarter worth about $84,000. Millennium Management LLC boosted its holdings in shares of Grupo Televisa, S.A.B. by 109.2% in the 4th quarter. Millennium Management LLC now owns 356,624 shares of the company’s stock valued at $599,000 after buying an additional 186,165 shares in the last quarter. Coastal Bridge Advisors LLC grew its position in shares of Grupo Televisa, S.A.B. by 79.9% in the 4th quarter. Coastal Bridge Advisors LLC now owns 103,224 shares of the company’s stock worth $173,000 after buying an additional 45,852 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Grupo Televisa, S.A.B. by 41.4% in the 4th quarter. Bank of America Corp DE now owns 222,202 shares of the company’s stock worth $373,000 after buying an additional 65,048 shares during the last quarter. Institutional investors own 55.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $7.00 price target (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. The Goldman Sachs Group reduced their target price on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.23.

Grupo Televisa, S.A.B. Company Profile

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.