BidaskClub Downgrades Hemisphere Media Group (HMTV) to Buy

Saturday, June 30 2018

BidaskClub Downgrades Hemisphere Media Group (HMTV) to Buy

Posted by Vincent Marion White on Jun 30th, 2018 // No Comments
Hemisphere Media Group (NASDAQ:HMTV) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Separately, ValuEngine upgraded Hemisphere Media Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Get Hemisphere Media Group alerts:
Hemisphere Media Group opened at $13.10 on Thursday, Marketbeat Ratings reports. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.88. Hemisphere Media Group has a 1 year low of $10.50 and a 1 year high of $13.95. Hemisphere Media Group (NASDAQ:HMTV) last released its quarterly earnings data on Thursday, May 10th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $29.04 million during the quarter. Hemisphere Media Group had a negative return on equity of 3.97% and a negative net margin of 19.73%.
A number of large investors have recently added to or reduced their stakes in HMTV. Citadel Advisors LLC increased its position in shares of Hemisphere Media Group by 507.0% in the fourth quarter. Citadel Advisors LLC now owns 65,032 shares of the company’s stock valued at $751,000 after buying an additional 54,318 shares in the last quarter. BlackRock Inc. increased its position in shares of Hemisphere Media Group by 1.8% in the fourth quarter. BlackRock Inc. now owns 744,129 shares of the company’s stock valued at $8,594,000 after buying an additional 13,459 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Hemisphere Media Group in the fourth quarter valued at $273,000. Wells Fargo & Company MN increased its position in shares of Hemisphere Media Group by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 376,205 shares of the company’s stock valued at $4,345,000 after buying an additional 7,553 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Hemisphere Media Group in the fourth quarter valued at $505,000. Hedge funds and other institutional investors own 31.95% 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. Receive News & Ratings for Hemisphere Media Group analysts' ratings for Hemisphere Media Group and related companies daily email newsletter .