Grupo Televisa, S.A.B. (NYSE:TV) Short Interest Up 57.2% in November

Grupo Televisa, S.A.B. (NYSE:TV) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 9,260,000 shares, an increase 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 days-to-cover ratio is presently 4.3 days.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at approximately $29,000. Central Pacific Bank Trust Division raised its position in Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after acquiring an additional 5,000 shares in the last quarter. SG Americas Securities LLC lifted its stake in Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after acquiring an additional 7,406 shares during the last quarter. Ballentine Partners LLC grew its position in Grupo Televisa, S.A.B. by 23.3% in the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after acquiring an additional 5,939 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth $90,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Stock Performance

NYSE:TV opened at $1.97 on Friday. Grupo Televisa, S.A.B. has a fifty-two week low of $1.69 and a fifty-two week 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. The stock’s 50-day moving average is $2.21 and its two-hundred day moving average is $2.32.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TV shares. Benchmark dropped their price target 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. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. The Goldman Sachs Group reduced their price target on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Grupo Televisa, S.A.B. presently has a consensus rating of “Hold” and a consensus target price of $5.25.

About Grupo Televisa, S.A.B.

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.