Grupo Televisa S.A. (NYSE:TV) Sees Significant Increase in Short Interest

Grupo Televisa S.A. (NYSE:TV) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 2,269,142 shares, a growth of 99.3% from the June 15th total of 1,138,273 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 887,114 shares, the short-interest ratio is currently 2.6 days.

Grupo Televisa Price Performance

Shares of NYSE TV opened at $2.73 on Thursday. The business has a 50 day moving average price of $2.78 and a two-hundred day moving average price of $2.95. Grupo Televisa has a fifty-two week low of $2.03 and a fifty-two week high of $3.49. The firm has a market cap of $1.45 billion, a PE ratio of -3.38, a price-to-earnings-growth ratio of 0.52 and a beta of 1.55. The company has a quick ratio of 2.36, a current ratio of 2.39 and a debt-to-equity ratio of 0.04.

Insider Activity

In other news, Director Robelo Francisco Jose Chevez sold 44,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $0.57, for a total transaction of $25,365.00. Following the sale, the director owned 838,275 shares of the company’s stock, valued at $477,816.75. The trade was a 5.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of Grupo Televisa stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $0.57, for a total value of $66,405.00. Following the transaction, the director directly owned 116,500 shares of the company’s stock, valued at approximately $66,405. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,197,500 shares of company stock valued at $680,245 in the last quarter.

Hedge Funds Weigh In On Grupo Televisa

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Grupo Televisa by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 22,426,972 shares of the company’s stock valued at $60,329,000 after purchasing an additional 1,367,578 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Grupo Televisa by 10.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 20,897,253 shares of the company’s stock worth $60,811,000 after acquiring an additional 1,975,268 shares during the last quarter. UBS Group AG increased its holdings in shares of Grupo Televisa by 216.4% in the 4th quarter. UBS Group AG now owns 1,161,678 shares of the company’s stock worth $3,380,000 after acquiring an additional 794,514 shares during the period. Mirabella Financial Services LLP acquired a new stake in shares of Grupo Televisa in the 3rd quarter worth about $467,000. Finally, Gabelli Funds LLC lifted its position in Grupo Televisa by 9.8% in the 4th quarter. Gabelli Funds LLC now owns 7,686,600 shares of the company’s stock valued at $22,368,000 after purchasing an additional 687,500 shares during the last quarter. 55.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on TV shares. Wall Street Zen raised shares of Grupo Televisa from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. UBS Group lowered their target price on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. Finally, New Street Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Grupo Televisa has an average rating of “Reduce” and a consensus target price of $5.23.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.