Central European Media Enterprises Ltd. (CETV) Sets New 52-Week High at $4.58

Shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.58 and last traded at $4.60, with a volume of 565,584 shares trading hands. The stock had previously closed at $4.40.

Separately, BidaskClub cut shares of Central European Media Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th.

The firm’s 50 day moving average is $4.17 and its 200-day moving average is $4.00. The stock has a market capitalization of $688.01 million, a price-to-earnings ratio of 190.00 and a beta of 0.98.

Central European Media Enterprises (NASDAQ:CETV) last announced its earnings results on Tuesday, July 25th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. The company had revenue of $181.86 million during the quarter. Central European Media Enterprises had a net margin of 2.82% and a negative return on equity of 18.46%. Equities analysts forecast that Central European Media Enterprises Ltd. will post $0.07 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors grew its holdings in shares of Central European Media Enterprises by 2.0% during the first quarter. Nationwide Fund Advisors now owns 54,016 shares of the company’s stock worth $167,000 after buying an additional 1,075 shares in the last quarter. American International Group Inc. grew its holdings in shares of Central European Media Enterprises by 7.1% during the first quarter. American International Group Inc. now owns 47,100 shares of the company’s stock worth $146,000 after buying an additional 3,124 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Central European Media Enterprises by 16.6% during the second quarter. Voya Investment Management LLC now owns 46,348 shares of the company’s stock worth $185,000 after buying an additional 6,590 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Central European Media Enterprises by 13.9% during the second quarter. Parametric Portfolio Associates LLC now owns 60,436 shares of the company’s stock worth $242,000 after buying an additional 7,377 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Central European Media Enterprises by 9.7% during the second quarter. Rhumbline Advisers now owns 96,983 shares of the company’s stock worth $388,000 after buying an additional 8,590 shares in the last quarter. Institutional investors and hedge funds own 28.27% of the company’s stock.

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About Central European Media Enterprises

Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.

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