Grupo Televisa, S.A.B. (NYSE:TV) Short Interest Down 13.3% in March

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 8,390,000 shares, a decrease of 13.3% from the February 28th total of 9,680,000 shares. Based on an average daily volume of 2,330,000 shares, the short-interest ratio is currently 3.6 days. Approximately 1.9% of the shares of the company are short sold.

Grupo Televisa, S.A.B. Price Performance

Shares of Grupo Televisa, S.A.B. stock traded down $0.06 during trading on Monday, hitting $1.61. The stock had a trading volume of 1,884,809 shares, compared to its average volume of 1,774,254. The business has a fifty day moving average of $1.90 and a two-hundred day moving average of $2.03. Grupo Televisa, S.A.B. has a fifty-two week low of $1.56 and a fifty-two week high of $3.47. The firm has a market cap of $888.85 million, a P/E ratio of -2.20 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.91). The business had revenue of $758.58 million for the quarter, compared to the consensus estimate of $15.49 billion. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. On average, sell-side analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several hedge funds have recently modified their holdings of TV. Central Pacific Bank Trust Division lifted its stake in Grupo Televisa, S.A.B. by 66.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock valued at $42,000 after buying an additional 10,000 shares in the last quarter. Northern Trust Corp increased its stake in shares of Grupo Televisa, S.A.B. by 57.9% in the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock worth $108,000 after acquiring an additional 23,648 shares during the last quarter. PEAK6 LLC purchased a new stake in shares of Grupo Televisa, S.A.B. during the 4th quarter worth about $41,000. Russell Investments Group Ltd. bought a new stake in Grupo Televisa, S.A.B. in the fourth quarter worth approximately $47,000. Finally, Tower Research Capital LLC TRC increased its position in Grupo Televisa, S.A.B. by 3,312.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock worth $52,000 after buying an additional 30,143 shares during the last quarter. 55.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TV. Benchmark restated a "buy" rating and issued a $7.00 target price (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. The Goldman Sachs Group reduced their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $4.23.

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.