Key Points
- Grupo Televisa director Dahlhaus Jean Michel Enriquez sold 116,500 shares on May 26 at an average price of $0.57, totaling $66,405. The sale cut the director’s reported ownership by 50%.
- The director also sold 44,500 shares on May 4 at the same average price of $0.57, suggesting a pattern of recent insider selling.
- Analysts remain cautious on TV: UBS lowered its target price to $3.20 and the consensus rating is Hold, with a consensus price target of $5.27. The company last reported a quarterly loss of $0.80 per share on revenue of $807.2 million.
Grupo Televisa S.A. (NYSE:TV - Get Free Report) Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $0.57, for a total transaction of $66,405.00. Following the completion of the transaction, the director owned 116,500 shares of the company's stock, valued at approximately $66,405. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Dahlhaus Jean Michel Enriquez also recently made the following trade(s):
- On Monday, May 4th, Dahlhaus Jean Michel Enriquez sold 44,500 shares of Grupo Televisa stock. The stock was sold at an average price of $0.57, for a total transaction of $25,365.00.
Grupo Televisa Stock Performance
TV opened at $2.78 on Friday. The firm has a market cap of $1.48 billion, a P/E ratio of -3.43, a PEG ratio of 0.95 and a beta of 1.61. Grupo Televisa S.A. has a 1-year low of $1.86 and a 1-year high of $3.49. The company has a 50 day simple moving average of $2.92 and a two-hundred day simple moving average of $2.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36.
Grupo Televisa (NYSE:TV - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported ($0.80) earnings per share for the quarter. Grupo Televisa had a negative return on equity of 7.65% and a negative net margin of 13.93%.The company had revenue of $807.20 million for the quarter. Equities analysts forecast that Grupo Televisa S.A. will post 0.09 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Grupo Televisa
A number of hedge funds and other institutional investors have recently modified their holdings of TV. Invesco Ltd. bought a new position in Grupo Televisa during the first quarter valued at $96,000. Canada Pension Plan Investment Board bought a new position in Grupo Televisa during the second quarter valued at $1,232,000. Banco BTG Pactual S.A. bought a new position in Grupo Televisa during the second quarter valued at $208,000. Jane Street Group LLC bought a new position in Grupo Televisa during the second quarter valued at $1,211,000. Finally, Bank of America Corp DE lifted its position in Grupo Televisa by 36.8% during the second quarter. Bank of America Corp DE now owns 305,072 shares of the company's stock valued at $668,000 after purchasing an additional 82,118 shares during the last quarter. Institutional investors own 55.77% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on TV shares. UBS Group dropped their target price on shares of Grupo Televisa from $3.70 to $3.20 and set a "neutral" rating for the company in a research report on Monday, May 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Grupo Televisa in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Grupo Televisa from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Grupo Televisa in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $5.27.
Check Out Our Latest Research Report on TV
About Grupo Televisa
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
