Central European Media Enterprises Ltd. (CETV) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in Central European Media Enterprises Ltd. (NASDAQ:CETV) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 450,416 shares of the company’s stock after purchasing an additional 66,430 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Central European Media Enterprises were worth $1,870,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CETV. Sei Investments Co. grew its position in shares of Central European Media Enterprises by 109.3% during the 2nd quarter. Sei Investments Co. now owns 34,136 shares of the company’s stock valued at $142,000 after acquiring an additional 17,824 shares during the period. MetLife Investment Advisors LLC grew its position in shares of Central European Media Enterprises by 112.8% during the 1st quarter. MetLife Investment Advisors LLC now owns 40,414 shares of the company’s stock valued at $170,000 after acquiring an additional 21,426 shares during the period. KBC Group NV lifted its stake in shares of Central European Media Enterprises by 151.7% during the 2nd quarter. KBC Group NV now owns 349,309 shares of the company’s stock valued at $1,450,000 after buying an additional 210,512 shares in the last quarter. Pendal Group Ltd lifted its stake in shares of Central European Media Enterprises by 23.0% during the 2nd quarter. Pendal Group Ltd now owns 378,067 shares of the company’s stock valued at $1,569,000 after buying an additional 70,586 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Central European Media Enterprises by 1.3% during the 1st quarter. BlackRock Inc. now owns 4,558,808 shares of the company’s stock valued at $19,145,000 after buying an additional 60,581 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

CETV opened at $3.43 on Friday. The company has a debt-to-equity ratio of 7.91, a quick ratio of 1.95 and a current ratio of 1.95. Central European Media Enterprises Ltd. has a fifty-two week low of $3.36 and a fifty-two week high of $5.20. The firm has a market cap of $945.45 million, a P/E ratio of 28.85 and a beta of 1.34.

Central European Media Enterprises (NASDAQ:CETV) last released its earnings results on Tuesday, July 24th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). Central European Media Enterprises had a net margin of 10.77% and a return on equity of 475.27%. The firm had revenue of $159.56 million for the quarter.

Separately, BidaskClub upgraded shares of Central European Media Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th.

Central European Media Enterprises Company Profile

Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, and the Slovak Republic. It broadcasts a total of 26 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides premium television content through a series of portals, including Voyo, a subscription based video-on-demand service, and advertising supported catch-up services on its Websites.

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Institutional Ownership by Quarter for Central European Media Enterprises (NASDAQ:CETV)

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