Grupo Televisa S.A. (NYSE:TV) Stock Short Interest Rises 46.7%

Grupo Televisa S.A. (NYSE:TV) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,792,973 shares, a growth of 46.7% from the August 31st total of 1,222,031 shares. Based on an average daily volume of 1,810,343 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reduced their price target 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. New Street Research lowered Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Grupo Televisa has a consensus rating of “Reduce” and a consensus price target of $6.55.

Grupo Televisa Stock Performance

Shares of TV stock traded down $0.04 on Thursday, hitting $2.25. The company had a trading volume of 815,621 shares, compared to its average volume of 1,603,038. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05. Grupo Televisa has a twelve month low of $2.18 and a twelve month high of $3.49. The company has a 50-day moving average price of $2.63 and a 200-day moving average price of $2.77. The firm has a market cap of $1.19 billion, a P/E ratio of -2.47, a price-to-earnings-growth ratio of 0.70 and a beta of 1.54.

Grupo Televisa (NYSE:TV) last posted its earnings results on Friday, July 24th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. The firm had revenue of $816.64 million for the quarter, compared to analysts’ expectations of $818.16 million. As a group, equities research analysts predict that Grupo Televisa will post 0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa

Several institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its holdings 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 buying an additional 8,926 shares in the last quarter. SmartHarvest Portfolios LLC purchased a new stake in Grupo Televisa during the 1st quarter worth approximately $30,000. AXQ Capital LP purchased a new position in Grupo Televisa in the fourth quarter valued at $35,000. QRG Capital Management Inc. acquired a new position in shares of Grupo Televisa during the first quarter worth about $51,000. Finally, Lido Advisors LLC purchased a new stake in shares of Grupo Televisa in the 1st quarter valued at approximately $62,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.

The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.