BidaskClub cut shares of Hemisphere Media Group (NASDAQ:HMTV) from a buy rating to a hold rating in a report issued on Wednesday morning.
A number of other brokerages also recently issued reports on HMTV. ValuEngine raised Hemisphere Media Group from a sell rating to a hold rating in a report on Wednesday, August 8th. Royal Bank of Canada upped their price target on Hemisphere Media Group from $16.00 to $17.00 and gave the company an outperform rating in a report on Tuesday, November 6th.
Shares of NASDAQ:HMTV opened at $13.25 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.64 and a quick ratio of 3.64. Hemisphere Media Group has a 1 year low of $10.50 and a 1 year high of $14.25.
Several large investors have recently made changes to their positions in the company. Boyar Asset Management Inc. purchased a new stake in Hemisphere Media Group during the third quarter valued at $172,000. MetLife Investment Advisors LLC purchased a new stake in Hemisphere Media Group during the third quarter valued at $197,000. Citadel Advisors LLC purchased a new stake in Hemisphere Media Group during the second quarter valued at $280,000. Victory Capital Management Inc. increased its position in Hemisphere Media Group by 15.9% during the second quarter. Victory Capital Management Inc. now owns 41,923 shares of the company’s stock valued at $549,000 after acquiring an additional 5,751 shares during the last quarter. Finally, Teton Advisors Inc. purchased a new stake in Hemisphere Media Group during the second quarter valued at $557,000. 30.76% of the stock is currently owned by hedge funds and other institutional investors.
About Hemisphere Media Group
Hemisphere Media Group, Inc owns and operates Spanish-language cable television broadcasting networks and digital content platform in the United States and internationally. It operates Cinelatino, a cable movie network with approximately 20 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a broadband news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.
See Also: Asset Allocation
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