Grupo Televisa (NYSE:TV) Shares Gap Down on Disappointing Earnings

Grupo Televisa S.A. (NYSE:TV) shares gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $2.79, but opened at $2.64. Grupo Televisa shares last traded at $2.7050, with a volume of 298,238 shares trading hands.

The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The firm had revenue of $816.64 million for the quarter, compared to the consensus estimate of $818.16 million. Grupo Televisa had a negative return on equity of 7.65% and a negative net margin of 13.93%.

Analyst Ratings Changes

Several research analysts have commented on the company. 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 research note on Monday, July 6th. New Street Research downgraded shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded shares of Grupo Televisa from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.23.

Insider Activity

In other news, Director Margain Guadalupe Phillips sold 44,500 shares of the business’s stock in a transaction dated 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 directly owned 838,275 shares in the company, valued at approximately $477,816.75. The trade was a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robelo Francisco Jose Chevez sold 44,500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $0.57, for a total value of $25,365.00. Following the completion of the transaction, the director directly owned 838,275 shares of the company’s stock, valued at $477,816.75. This represents a 5.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,197,500 shares of company stock valued at $680,245.

Hedge Funds Weigh In On Grupo Televisa

Several large investors have recently modified their holdings of the business. TD Private Client Wealth LLC increased its holdings in Grupo Televisa by 32.1% in the fourth quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company’s stock valued at $41,000 after purchasing an additional 3,426 shares during the period. Corient Private Wealth LLC grew its position in shares of Grupo Televisa by 2.8% in the 2nd quarter. Corient Private Wealth LLC now owns 237,177 shares of the company’s stock valued at $519,000 after buying an additional 6,518 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Grupo Televisa by 22.8% in the fourth quarter. Squarepoint Ops LLC now owns 38,683 shares of the company’s stock valued at $113,000 after buying an additional 7,176 shares during the period. R Squared Ltd increased its stake in shares of Grupo Televisa by 16.8% in the fourth quarter. R Squared Ltd now owns 54,574 shares of the company’s stock valued at $159,000 after buying an additional 7,862 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Grupo Televisa by 135.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock worth $45,000 after acquiring an additional 8,926 shares during the last quarter. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Stock Down 2.7%

The stock has a 50-day moving average price of $2.77 and a 200-day moving average price of $2.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36. The company has a market capitalization of $1.44 billion, a P/E ratio of -3.34, a P/E/G ratio of 0.54 and a beta of 1.55.

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.