BidaskClub Lowers Hemisphere Media Group (HMTV) to Hold

BidaskClub downgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

HMTV has been the subject of several other research reports. Royal Bank of Canada raised their target price on Hemisphere Media Group from $16.00 to $17.00 and gave the stock an outperform rating in a research note on Tuesday, November 6th. ValuEngine upgraded Hemisphere Media Group from a sell rating to a hold rating in a research note on Wednesday, August 8th.

Shares of HMTV opened at $13.25 on Wednesday. Hemisphere Media Group has a fifty-two week low of $10.50 and a fifty-two week high of $14.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.64 and a current ratio of 3.64.

Hemisphere Media Group (NASDAQ:HMTV) last issued its earnings results on Wednesday, November 7th. The company reported ($0.03) EPS for the quarter. Hemisphere Media Group had a negative return on equity of 9.55% and a negative net margin of 28.61%. The company had revenue of $37.24 million during the quarter.

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in Hemisphere Media Group in the 2nd quarter worth approximately $280,000. WCM Investment Management CA increased its stake in Hemisphere Media Group by 24.6% in the 3rd quarter. WCM Investment Management CA now owns 340,142 shares of the company’s stock worth $4,745,000 after purchasing an additional 67,065 shares during the period. Renaissance Technologies LLC increased its stake in Hemisphere Media Group by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 687,501 shares of the company’s stock worth $9,006,000 after purchasing an additional 77,701 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Hemisphere Media Group by 25.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 93,888 shares of the company’s stock worth $1,230,000 after purchasing an additional 19,328 shares during the period. Finally, Northern Trust Corp increased its stake in Hemisphere Media Group by 10.3% in the 2nd quarter. Northern Trust Corp now owns 389,472 shares of the company’s stock worth $5,102,000 after purchasing an additional 36,484 shares during the period. Hedge funds and other institutional investors own 30.76% of the company’s stock.

Hemisphere Media Group Company Profile

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.

Further Reading: Candlestick

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