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

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

Insider Buying and Selling

In related news, Director Robelo Francisco Jose Chevez sold 44,500 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 838,275 shares in the company, valued at $477,816.75. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Margain Guadalupe Phillips sold 44,500 shares of Grupo Televisa stock in a transaction 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 completion of the transaction, the director directly owned 838,275 shares of the company’s stock, valued at approximately $477,816.75. This represents a 5.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,197,500 shares of company stock worth $680,245.

Institutional Investors Weigh In On Grupo Televisa

A number of hedge funds have recently made changes to their positions in the business. Evergreen Capital Management LLC bought a new position in Grupo Televisa in the 2nd quarter worth approximately $29,000. SmartHarvest Portfolios LLC acquired a new position in Grupo Televisa during the 1st quarter worth $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Grupo Televisa during the 4th quarter worth $32,000. AXQ Capital LP bought a new position in shares of Grupo Televisa in the fourth quarter worth $35,000. Finally, Diversified Trust Co. bought a new position in shares of Grupo Televisa in the fourth quarter worth $38,000. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Stock Up 0.2%

Grupo Televisa stock opened at $2.71 on Friday. The company has a 50-day simple moving average of $2.77 and a 200-day simple moving average of $2.95. The firm has a market capitalization of $1.44 billion, a P/E ratio of -3.34, a P/E/G ratio of 0.52 and a beta of 1.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39. Grupo Televisa has a one year low of $2.03 and a one year high of $3.49.

Analyst Upgrades and Downgrades

TV has been the subject of several research reports. New Street Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Monday, April 20th. UBS Group decreased 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. Finally, Wall Street Zen raised Grupo Televisa from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Grupo Televisa currently has an average rating of “Reduce” and a consensus price target of $5.23.

About Grupo Televisa

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.