Short Interest in Grupo Televisa, S.A.B. (NYSE:TV) Increases By 57.2%

Grupo Televisa, S.A.B. (NYSE:TV) was the recipient of a significant 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 currently 4.3 days.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE:TV remained flat at $1.97 during trading on Friday. 1,951,358 shares of the stock were exchanged, compared to its average volume of 1,604,609. The firm’s 50 day moving average is $2.21 and its two-hundred day moving average is $2.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.65. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -2.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.81.

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

Institutional Trading of Grupo Televisa, S.A.B.

Hedge funds have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division boosted its holdings in Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,000 shares during the period. Ballentine Partners LLC raised its position in shares of Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock valued at $95,000 after buying an additional 5,658 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after buying an additional 7,406 shares during the period. XTX Topco Ltd grew its position in Grupo Televisa, S.A.B. by 19.1% during the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after buying an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Grupo Televisa, S.A.B. during the second quarter valued at about $29,000. Institutional investors own 55.77% of the company’s stock.

Analysts Set New Price Targets

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

About Grupo Televisa, S.A.B.

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.