Grupo Televisa (NYSE:TV) Issues Earnings Results

Grupo Televisa (NYSE:TV) issued its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06), Zacks reports. Grupo Televisa had a negative net margin of 13.93% and a negative return on equity of 7.65%.

Grupo Televisa Stock Performance

Shares of NYSE TV traded down $0.03 during trading on Thursday, reaching $2.79. 1,018,790 shares of the stock traded hands, compared to its average volume of 1,185,588. The company has a 50-day moving average of $2.77 and a 200-day moving average of $2.95. Grupo Televisa has a 52-week low of $2.27 and a 52-week high of $3.49. The stock has a market capitalization of $1.49 billion, a P/E ratio of -3.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36.

Analyst Ratings Changes

Several analysts have recently commented on TV shares. UBS Group reduced their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research report on Monday, July 6th. Wall Street Zen raised Grupo Televisa from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Friday, July 17th. Finally, New Street Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $5.23.

Insider Activity

In related news, insider Francisco Valim sold 225,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was 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 of the company’s stock, valued at approximately $128,250. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Viadero Salvi Rafael Folch sold 200,003 shares of Grupo Televisa stock in a transaction dated Monday, May 25th. The shares were sold at an average price of $0.56, for a total value of $112,001.68. Following the transaction, the director directly owned 32,997 shares of the company’s stock, valued at $18,478.32. The trade was a 85.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,197,500 shares of company stock valued at $680,245.

Institutional Trading of Grupo Televisa

A number of hedge funds and other institutional investors have recently bought and sold shares of TV. Virtu Financial LLC lifted its stake in Grupo Televisa by 96.1% in the 4th quarter. Virtu Financial LLC now owns 56,003 shares of the company’s stock worth $163,000 after purchasing an additional 27,445 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Grupo Televisa by 12.1% in the fourth quarter. Invesco Ltd. now owns 165,287 shares of the company’s stock worth $481,000 after purchasing an additional 17,847 shares during the period. XTX Topco Ltd increased its holdings in shares of Grupo Televisa by 972.8% in the fourth quarter. XTX Topco Ltd now owns 317,327 shares of the company’s stock worth $923,000 after purchasing an additional 287,749 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Grupo Televisa in the fourth quarter worth $551,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Grupo Televisa during the fourth quarter valued at $432,000. Institutional investors own 55.77% of the company’s stock.

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.