Grupo Televisa, S.A.B. (NYSE:TV) Sees Significant Drop in Short Interest

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

Institutional Trading of Grupo Televisa, S.A.B.

Several institutional investors have recently bought and sold shares of TV. BNP Paribas Financial Markets grew its holdings in Grupo Televisa, S.A.B. by 443,655.6% in the fourth quarter. BNP Paribas Financial Markets now owns 119,814 shares of the company’s stock valued at $400,000 after purchasing an additional 119,787 shares during the period. Corient Private Wealth LLC lifted its position in shares of Grupo Televisa, S.A.B. by 68.2% in the fourth quarter. Corient Private Wealth LLC now owns 250,180 shares of the company’s stock valued at $836,000 after acquiring an additional 101,425 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Grupo Televisa, S.A.B. by 14.7% in the fourth quarter. Gabelli Funds LLC now owns 6,128,100 shares of the company’s stock valued at $20,468,000 after acquiring an additional 783,900 shares in the last quarter. Keeley Teton Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $399,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of 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 acquiring an additional 92,150 shares in the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on TV shares. The Goldman Sachs Group dropped 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 report on Monday, August 5th. StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Grupo Televisa, S.A.B. has a consensus rating of “Moderate Buy” and a consensus price target of $5.16.

Grupo Televisa, S.A.B. Stock Up 2.9 %

Shares of TV opened at $2.49 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.64. The stock’s 50 day moving average is $2.06 and its two-hundred day moving average is $2.66. The firm has a market cap of $1.38 billion, a P/E ratio of -2.86, a PEG ratio of 1.04 and a beta of 1.88.

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.