Grupo Televisa, S.A.B. (NYSE:TV) Short Interest Down 14.4% in September

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 7,250,000 shares, a decline of 14.4% from the August 31st total of 8,470,000 shares. Based on an average daily volume of 1,500,000 shares, the days-to-cover ratio is presently 4.8 days.

Grupo Televisa, S.A.B. Price Performance

NYSE TV traded up $0.07 during trading hours on Friday, reaching $2.49. The company's stock had a trading volume of 2,502,223 shares, compared to its average volume of 1,515,634. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31. The company's 50-day moving average is $2.06 and its two-hundred day moving average is $2.66. Grupo Televisa, S.A.B. has a fifty-two week low of $1.69 and a fifty-two week high of $3.64. The stock has a market cap of $1.38 billion, a PE ratio of -2.86, a PEG ratio of 1.04 and a beta of 1.88.

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

A number of institutional investors have recently modified their holdings of the company. Gabelli Funds LLC boosted its stake in Grupo Televisa, S.A.B. by 14.9% in the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company's stock worth $22,536,000 after buying an additional 914,500 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Grupo Televisa, S.A.B. by 824.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company's stock worth $50,000 after acquiring an additional 13,322 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Grupo Televisa, S.A.B. by 47.9% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company's stock valued at $950,000 after purchasing an additional 92,150 shares during the period. Central Pacific Bank Trust Division acquired a new position in Grupo Televisa, S.A.B. during the first quarter worth approximately $39,000. Finally, Ballentine Partners LLC raised its stake in Grupo Televisa, S.A.B. by 74.1% during the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company's stock worth $81,000 after purchasing an additional 10,828 shares during the period. Institutional investors and hedge funds own 55.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TV. StockNews.com raised shares of Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a report on Wednesday, September 11th. The Goldman Sachs Group lowered their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating on the stock in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.16.

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.