Grupo Televisa S.A. (NYSE:TV – Get Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,269,142 shares, an increase of 99.3% from the June 15th total of 1,138,273 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 887,114 shares, the short-interest ratio is presently 2.6 days.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on TV. New Street Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. UBS Group decreased their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded shares of Grupo Televisa from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Televisa currently has an average rating of “Reduce” and an average target price of $5.23.
Read Our Latest Stock Report on TV
Grupo Televisa Trading Up 0.2%
Insiders Place Their Bets
In other news, insider Francisco Valim sold 225,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total transaction of $128,250.00. Following the sale, the insider owned 225,000 shares in the company, valued at approximately $128,250. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Margain Guadalupe Phillips sold 44,500 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $0.57, for a total value of $25,365.00. Following the completion of the transaction, the director directly owned 838,275 shares in the company, valued at approximately $477,816.75. This represents a 5.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,197,500 shares of company stock valued at $680,245 over the last three months.
Hedge Funds Weigh In On Grupo Televisa
Several hedge funds and other institutional investors have recently modified their holdings of the company. SmartHarvest Portfolios LLC purchased a new position in Grupo Televisa during the 1st quarter valued at about $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Grupo Televisa during the fourth quarter valued at approximately $32,000. AXQ Capital LP purchased a new stake in Grupo Televisa in the fourth quarter worth $35,000. Diversified Trust Co. bought a new stake in Grupo Televisa in the fourth quarter valued at $38,000. Finally, Evergreen Capital Management LLC bought a new position in Grupo Televisa in the 2nd quarter worth $29,000. 55.77% of the stock is owned by institutional investors.
About Grupo Televisa
Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.
Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.
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