Grupo Televisa (NYSE:TV) Shares Gap Down on Disappointing Earnings

Grupo Televisa S.A. (NYSE:TV) shares gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $2.79, but opened at $2.64. Grupo Televisa shares last traded at $2.7050, with a volume of 298,238 shares trading hands.

The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.58%. The business had revenue of $816.64 million for the quarter, compared to the consensus estimate of $818.16 million.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Francisco Valim sold 225,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total value of $128,250.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. Also, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $0.57, for a total value of $66,405.00. Following the completion of the sale, the director owned 116,500 shares of the company’s stock, valued at $66,405. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,197,500 shares of company stock worth $680,245.

Hedge Funds Weigh In On Grupo Televisa

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Grupo Televisa by 21.8% in the fourth quarter. JPMorgan Chase & Co. now owns 27,315,447 shares of the company’s stock worth $79,488,000 after acquiring an additional 4,888,475 shares during the period. Gamco Investors INC. ET AL raised its stake in Grupo Televisa by 10.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 20,897,253 shares of the company’s stock valued at $60,811,000 after purchasing an additional 1,975,268 shares during the period. Gabelli Funds LLC raised its stake in Grupo Televisa by 1.7% during the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock valued at $22,755,000 after purchasing an additional 133,000 shares during the period. Marshall Wace LLP lifted its holdings in Grupo Televisa by 732.1% in the 4th quarter. Marshall Wace LLP now owns 1,447,810 shares of the company’s stock worth $4,213,000 after purchasing an additional 1,273,818 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Grupo Televisa by 216.4% in the 4th quarter. UBS Group AG now owns 1,161,678 shares of the company’s stock worth $3,380,000 after purchasing an additional 794,514 shares in the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa Trading Down 1.3%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39. The company has a market capitalization of $1.47 billion, a PE ratio of -3.03, a PEG ratio of 0.53 and a beta of 1.55. The stock has a fifty day moving average of $2.76 and a 200 day moving average of $2.94.

Grupo Televisa Company Profile

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.