Grupo Televisa SAB (NYSE:TV) Short Interest Up 55.6% in July

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Grupo Televisa SAB (NYSE:TV) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 2,070,000 shares, a growth of 55.6% from the June 30th total of 1,330,000 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is presently 1.2 days.

TV opened at $5.59 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 1.96. Grupo Televisa SAB has a 52 week low of $4.65 and a 52 week high of $12.60. The firm has a 50-day simple moving average of $5.48 and a two-hundred day simple moving average of $7.16. The company has a market capitalization of $3.23 billion, a PE ratio of -13.00 and a beta of 1.13.

TV has been the subject of a number of analyst reports. Zacks Investment Research upgraded Grupo Televisa SAB from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. TheStreet downgraded shares of Grupo Televisa SAB from a “c-” rating to a “d” rating in a report on Friday, July 24th. JPMorgan Chase & Co. downgraded shares of Grupo Televisa SAB from an “overweight” rating to a “neutral” rating in a report on Wednesday, April 22nd. Credit Suisse Group raised shares of Grupo Televisa SAB from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 12th. Finally, ValuEngine downgraded shares of Grupo Televisa SAB from a “strong-buy” rating to a “buy” rating in a report on Friday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Grupo Televisa SAB currently has an average rating of “Hold” and a consensus price target of $7.88.

Several large investors have recently made changes to their positions in TV. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Grupo Televisa SAB by 1,184.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,610 shares of the company’s stock valued at $42,000 after acquiring an additional 3,329 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Grupo Televisa SAB in the 2nd quarter valued at about $63,000. Voloridge Investment Management LLC bought a new position in shares of Grupo Televisa SAB in the 1st quarter valued at about $68,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Grupo Televisa SAB by 404.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,897 shares of the company’s stock valued at $69,000 after acquiring an additional 9,538 shares during the last quarter. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Grupo Televisa SAB in the 1st quarter valued at about $72,000. 45.98% of the stock is owned by hedge funds and other institutional investors.

Grupo Televisa SAB Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.

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