WCM Investment Management CA Purchases Shares of 303,665 Hemisphere Media Group Inc (HMTV)

WCM Investment Management CA purchased a new position in shares of Hemisphere Media Group Inc (NASDAQ:HMTV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 303,665 shares of the company’s stock, valued at approximately $3,507,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors grew its holdings in Hemisphere Media Group by 181.2% during the second quarter. Nationwide Fund Advisors now owns 8,931 shares of the company’s stock valued at $106,000 after purchasing an additional 5,755 shares during the period. SG Americas Securities LLC acquired a new position in Hemisphere Media Group during the third quarter valued at approximately $112,000. Highbridge Capital Management LLC acquired a new position in Hemisphere Media Group during the third quarter valued at approximately $120,000. Citadel Advisors LLC acquired a new position in Hemisphere Media Group during the third quarter valued at approximately $128,000. Finally, First Trust Advisors LP acquired a new position in Hemisphere Media Group during the third quarter valued at approximately $171,000. Hedge funds and other institutional investors own 31.72% of the company’s stock.

HMTV has been the subject of a number of analyst reports. TheStreet cut shares of Hemisphere Media Group from a “b-” rating to a “c+” rating in a report on Monday, January 22nd. 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. Finally, BidaskClub upgraded shares of Hemisphere Media Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 6th.

Hemisphere Media Group Inc (HMTV) opened at $10.65 on Friday. The stock has a market cap of $448.28, a P/E ratio of 28.78 and a beta of 0.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 6.48 and a current ratio of 6.48. Hemisphere Media Group Inc has a 1-year low of $10.50 and a 1-year high of $13.20.

Hemisphere Media Group (NASDAQ:HMTV) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $32.17 million during the quarter. Hemisphere Media Group had a net margin of 10.39% and a return on equity of 5.33%.

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Hemisphere Media Group Profile

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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Institutional Ownership by Quarter for Hemisphere Media Group (NASDAQ:HMTV)

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