Grupo Televisa, S.A.B. (NYSE:TV) Sees Large Growth in Short Interest

Grupo Televisa, S.A.B. (NYSE:TV) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 9,260,000 shares, an increase of 57.2% from the November 15th total of 5,890,000 shares. Based on an average daily volume of 2,170,000 shares, the short-interest ratio is presently 4.3 days.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group cut their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Benchmark cut their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Price Performance

Shares of TV opened at $1.97 on Friday. The business’s 50-day moving average is $2.21 and its two-hundred day moving average is $2.32. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a fifty-two week low of $1.69 and a fifty-two week high of $3.65.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. On average, sell-side analysts forecast that Grupo Televisa, S.A.B. will post 0.11 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in shares of Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after acquiring an additional 7,406 shares during the period. Banco Santander S.A. acquired a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at about $449,000. Acadian Asset Management LLC acquired a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at about $532,000. Ballentine Partners LLC grew its position in shares of Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after acquiring an additional 5,939 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Grupo Televisa, S.A.B. by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock valued at $2,332,000 after acquiring an additional 91,237 shares during the period. 55.77% of the stock is owned by institutional investors and hedge funds.

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.