Hemisphere Media Group (NASDAQ:HMTV) stock breaks above 50-day moving average of $6.13


Hemisphere Media Group, Inc. (NASDAQ: HMTVGet a rating) the stock moved above its 50-day moving average during Tuesday’s session. The stock has a 50-day moving average of $6.13 and is trading up to $8.00. Shares of Hemisphere Media Group last traded at $7.79, with volume of 314,063 shares changing hands.

HMTV has been the subject of a number of research reports. Wells Fargo & Company cut its price target on Hemisphere Media Group from $15.00 to $13.00 and set an “overweight” rating on the stock in a Wednesday, March 9 research report. Guggenheim downgraded Hemisphere Media Group from a “buy” rating to a “neutral” rating in a Wednesday, May 11 research report. TheStreet downgraded Hemisphere Media Group from a “c-” rating to a “d” rating in a Wednesday, May 18 research report. To finish, StockNews.com downgraded Hemisphere Media Group from a “hold” rating to a “sell” rating in a Thursday, May 12 research report.

The company has a market capitalization of $314.72 million, a price-earnings ratio of -8.75 and a beta of 1.11. The company has a debt ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a 50-day moving average price of $6.13 and a 200-day moving average price of $6.06.

Hemisphere Media Group (NASDAQ: HMTVGet a rating) last reported quarterly earnings data on Tuesday, May 10. The company reported ($0.33) earnings per share (EPS) for the quarter. The company had revenue of $48.80 million in the quarter. Hemisphere Media Group recorded a negative net margin of 17.17% and a negative return on equity of 14.24%.

Separately, major shareholder Edenbrook Capital, Llc acquired 10,620 shares in a transaction dated Thursday, March 31. The shares were purchased at an average cost of $4.59 per share, with a total value of $48,745.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, major shareholder Fine Capital Partners, LP purchased 15,094 shares of Hemisphere Media Group in a transaction dated Tuesday, April 12. The shares were acquired at an average cost of $3.99 per share, with a total value of $60,225.06. Following the completion of the acquisition, the insider now owns 2,560,802 shares of the company, valued at $10,217,599.98. Disclosure of this purchase can be found here. Over the past three months, insiders have purchased 758,613 shares of the company valued at $3,244,939. Insiders of the company hold 53.80% of the shares of the company.

Several hedge funds have recently increased or reduced their holdings in HMTV. Edenbrook Capital LLC increased its holdings of Hemisphere Media Group shares by 41.4% in the fourth quarter. Edenbrook Capital LLC now owns 2,653,402 shares of the company valued at $19,290,000 after acquiring an additional 777,440 shares last quarter. Assenagon Asset Management SA increased its holdings of Hemisphere Media Group shares by 1,299.4% in the fourth quarter. Assenagon Asset Management SA now owns 205,706 shares of the company valued at $1,495,000 after acquiring an additional 191,006 shares last quarter. Fine Capital Partners LP increased its stake in Hemisphere Media Group by 10.7% during the fourth quarter. Fine Capital Partners LP now owns 1,878,842 shares of the company valued at $13,659,000 after purchasing an additional 181,887 shares during the period. Keeley Teton Advisors LLC bought a new position in Hemisphere Media Group during the first quarter worth $164,000. Finally, Engineers Gate Manager LP bought a new position in Hemisphere Media Group during the first quarter at a value of $143,000. 76.13% of the shares are held by institutional investors.

Hemisphere Media Group Company Profile (NASDAQ: HMTV)

Hemisphere Media Group, Inc operates as a Spanish language media company. The Company operates Pantaya, a Spanish-language media subscription streaming service with approximately one million subscribers; Cinelatino, a cable movie network with approximately 17.1 million subscribers in the United States, Latin America and Canada; WAPA, a broadcast television network and television content producer; WAPA.TV, a news and entertainment website, as well as mobile applications, featuring content produced by WAPA; and WAPA Deportes, a sports television network in Puerto Rico.

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