Hemisphere Media Group Inc (HMTV) Given $17.00 Consensus Target Price by Brokerages

Hemisphere Media Group Inc (NASDAQ:HMTV) has been given a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. Hemisphere Media Group’s rating score has declined by 50% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a 12-month consensus target price of $17.00 for the company, according to Zacks. Zacks has also given Hemisphere Media Group an industry rank of 79 out of 265 based on the ratings given to related companies.

A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of Hemisphere Media Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Royal Bank Of Canada decreased their price objective on shares of Hemisphere Media Group from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th.

Several large investors have recently added to or reduced their stakes in HMTV. American International Group Inc. grew its position in shares of Hemisphere Media Group by 10,011.7% in the 3rd quarter. American International Group Inc. now owns 978,609 shares of the company’s stock worth $11,694,000 after buying an additional 968,931 shares during the period. Northern Trust Corp grew its position in Hemisphere Media Group by 252.4% during the 2nd quarter. Northern Trust Corp now owns 259,548 shares of the company’s stock valued at $3,075,000 after purchasing an additional 185,892 shares during the last quarter. OxFORD Asset Management LLP grew its position in Hemisphere Media Group by 636.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 143,638 shares of the company’s stock valued at $1,713,000 after purchasing an additional 124,138 shares during the last quarter. Wells Fargo & Company MN grew its position in Hemisphere Media Group by 39.6% during the 2nd quarter. Wells Fargo & Company MN now owns 359,129 shares of the company’s stock valued at $4,256,000 after purchasing an additional 101,807 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Hemisphere Media Group by 195.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 132,001 shares of the company’s stock valued at $1,577,000 after purchasing an additional 87,263 shares during the last quarter. 31.74% of the stock is currently owned by hedge funds and other institutional investors.

Hemisphere Media Group (NASDAQ HMTV) traded up $0.15 during trading hours on Thursday, reaching $11.35. 130,746 shares of the company were exchanged, compared to its average volume of 101,492. Hemisphere Media Group has a 52 week low of $10.65 and a 52 week high of $13.20. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 0.76. The company has a market cap of $466.79, a price-to-earnings ratio of 30.68 and a beta of 0.40.

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About Hemisphere Media Group

Hemisphere Media Group, Inc is a Spanish-language media company. As of December 31, 2016, the Company served the United States Hispanic and Latin American markets with five Spanish-language cable television networks distributed in the United States, two Spanish-language cable television networks distributed in Latin America, and a broadcast television network in Puerto Rico.

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