Hemisphere Media Group (NASDAQ:HMTV) Updated by StockNews.com for “Hold”


StockNews.com improved actions of Hemisphere Media Group (NASDAQ: HMTVGet a rating) from a sell rating to a hold rating in a research report sent to investors Wednesday morning.

Several other stock analysts have also weighed in on the company recently. TheStreet upgraded Hemisphere Media Group from a c- rating to an ad rating in a Wednesday, May 18 report. Guggenheim downgraded Hemisphere Media Group from a Buy rating to a Neutral rating in a Wednesday, May 11 research report.

Hemisphere Media Group shares up 0.6%

HMTV Stock opened at $7.14 on Wednesday. Hemisphere Media Group has a fifty-two-week low of $3.58 and a fifty-two-week high of $13.14. The company’s 50-day moving average price is $7.53 and its two-hundred-day moving average price is $6.18. The company has a debt ratio of 1.05, a quick ratio of 1.58 and a current ratio of 1.46. The company has a market capitalization of $288.46 million, a price-earnings ratio of -8.60 and a beta of 0.93.

Institutional trading of Hemisphere Media Group

Several institutional investors and hedge funds have recently changed their holdings in HMTV. Edenbrook Capital LLC increased its stake in shares of Hemisphere Media Group by 41.4% during 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 stake in the shares of Hemisphere Media Group by 1,299.4% during 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. Keebeck Alpha LP purchased a new stake in shares of Hemisphere Media Group during the second quarter valued at approximately $736,000. Keeley Teton Advisors LLC purchased a new stake in shares of Hemisphere Media Group during the first quarter, valued at approximately $164,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Hemisphere Media Group during the first quarter valued at approximately $143,000. Institutional investors hold 76.13% of the company’s shares.

About Hemisphere Media Group

(Get a rating)

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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