Grupo Televisa, S.A.B. (NYSE:TV) Sees Large Growth in Short Interest

Grupo Televisa, S.A.B. (NYSE:TV) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 9,260,000 shares, a growth of 57.2% from the November 15th total of 5,890,000 shares. Based on an average trading volume of 2,170,000 shares, the short-interest ratio is currently 4.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TV shares. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Benchmark reduced their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. The Goldman Sachs Group reduced their price objective on 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.25.

Grupo Televisa, S.A.B. Stock Performance

TV opened at $1.97 on Friday. The stock’s 50 day moving average price is $2.21 and its 200-day moving average price is $2.32. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.65. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

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

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

A number of hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in Grupo Televisa, S.A.B. during the third quarter worth $123,000. Centiva Capital LP lifted its holdings in Grupo Televisa, S.A.B. by 86.3% during the third quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock worth $260,000 after buying an additional 47,014 shares during the period. PEAK6 Investments LLC purchased a new stake in Grupo Televisa, S.A.B. during the third quarter worth $119,000. BNP Paribas Financial Markets lifted its holdings in Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after buying an additional 271,459 shares during the period. Finally, Banco Santander S.A. lifted its holdings in shares of Grupo Televisa, S.A.B. by 13.0% during the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock valued at $468,000 after purchasing an additional 20,999 shares during the last quarter. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

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.