Grupo Televisa SAB (NYSE:TV) Sees Large Decrease in Short Interest

Grupo Televisa SAB (NYSE:TV) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,050,000 shares, a decrease of 8.4% from the September 30th total of 4,420,000 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,520,000 shares, the days-to-cover ratio is currently 2.7 days.

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Grupo Televisa SAB by 74.9% during the 2nd quarter. Signaturefd LLC now owns 2,933 shares of the company’s stock worth $25,000 after purchasing an additional 1,256 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Grupo Televisa SAB by 2,996.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,193 shares of the company’s stock worth $52,000 after purchasing an additional 5,993 shares during the period. First Trust Advisors LP acquired a new stake in shares of Grupo Televisa SAB during the 2nd quarter worth approximately $85,000. Atlas Capital Advisors LLC acquired a new stake in shares of Grupo Televisa SAB during the 2nd quarter worth approximately $89,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Grupo Televisa SAB during the 3rd quarter worth approximately $119,000. 47.36% of the stock is currently owned by institutional investors and hedge funds.

TV has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Grupo Televisa SAB from $14.00 to $14.50 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Barclays downgraded shares of Grupo Televisa SAB from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $11.00 to $9.00 in a report on Monday, November 11th. ValuEngine upgraded shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James reiterated an “average” rating on shares of Grupo Televisa SAB in a report on Friday, August 2nd. Finally, Zacks Investment Research upgraded shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.88.

Shares of NYSE TV traded down $0.12 during midday trading on Tuesday, reaching $11.14. 62,478 shares of the stock were exchanged, compared to its average volume of 1,308,012. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.01 and a beta of 0.95. Grupo Televisa SAB has a twelve month low of $7.42 and a twelve month high of $15.09. The firm has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $9.56. The company has a quick ratio of 1.40, a current ratio of 1.42 and a debt-to-equity ratio of 0.08.

About Grupo Televisa SAB

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.

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