Grupo Televisa S.A. (NYSE:TV) Shares Shorted: Short Interest Up 46.7% in September

Grupo Televisa S.A. (NYSE:TV) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,792,973 shares, an increase of 46.7% from the August 31st total of 1,222,031 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,810,343 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

TV has been the subject of a number of recent research reports. UBS Group lowered their target price on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. New Street Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $6.55.

Institutional Trading of Grupo Televisa

A number of hedge funds have recently bought and sold shares of the company. SmartHarvest Portfolios LLC purchased a new position in Grupo Televisa in the 1st quarter worth approximately $30,000. AXQ Capital LP purchased a new position in shares of Grupo Televisa in the fourth quarter worth $35,000. Caitong International Asset Management Co. Ltd boosted its position in Grupo Televisa by 135.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock valued at $45,000 after buying an additional 8,926 shares during the period. QRG Capital Management Inc. bought a new stake in Grupo Televisa in the 1st quarter worth $51,000. Finally, Lido Advisors LLC bought a new stake in Grupo Televisa in the 1st quarter worth $62,000. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Stock Down 1.1%

Shares of TV traded down $0.03 during trading hours on Friday, reaching $2.23. The stock had a trading volume of 504,179 shares, compared to its average volume of 1,187,296. The firm has a 50-day simple moving average of $2.63 and a 200 day simple moving average of $2.77. Grupo Televisa has a 12 month low of $2.18 and a 12 month high of $3.49. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2.45, a P/E/G ratio of 0.70 and a beta of 1.54.

Grupo Televisa (NYSE:TV) last announced its earnings results on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $816.64 million during 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%. Equities research analysts predict that Grupo Televisa will post 0.1 earnings per share for the current fiscal year.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its principal operating businesses include izzi, which provides broadband internet, pay television, fixed-line telephone and related telecommunications services, and SKY México, a subscription-based satellite television provider. The company serves residential and business customers primarily in Mexico.

Televisa was formed in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México.