Recent insider trends for Grupo Televisa, S.A.B. (NYSE:TV) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how TV might perform in the future.
Institutions own 65.99% of Grupo Televisa, S.A.B. (TV)’s shares. The total value of these holdings, in millions, is $6,692. Among active positions in the latest quarter, 71 holders increased their positions by a total of 21.76 million shares, 79 holders decreased the positions by a total of 25.08 million shares, and 44 holders held their positions. This works out to a net decrease in ownership of 3.32 million shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 20 holders initiated new positions by a total of 4.38 million shares and 23 holders exited their positions by a total of 3.68 million shares. This nets out to an increase of 701803 shares and is a bullish sign for TV.
Insider ownership increased by a total of 0 shares, which suggests that TV’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.
Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Grupo Televisa, S.A.B. (NYSE:TV)’s short interest is 7.74 million shares, or % of the float. This represents an increase of 24% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TV is a Strong sell, which implies that TV is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Grupo Televisa, S.A.B. (NYSE:TV) is overvalued.