Separately, TheStreet cut shares of Hemisphere Media Group from a b- rating to a c rating in a research report on Monday, June 17th.
Shares of HMTV traded up $1.10 during mid-day trading on Wednesday, hitting $13.37. The company’s stock had a trading volume of 21,825 shares, compared to its average volume of 29,586. Hemisphere Media Group has a one year low of $11.33 and a one year high of $15.26. The stock’s 50-day moving average is $12.09 and its two-hundred day moving average is $13.37. The company has a quick ratio of 4.36, a current ratio of 4.36 and a debt-to-equity ratio of 0.89.
Hemisphere Media Group (NASDAQ:HMTV) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.06) EPS for the quarter. Hemisphere Media Group had a negative return on equity of 0.99% and a negative net margin of 1.45%. The business had revenue of $39.15 million for the quarter.
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Hemisphere Media Group by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 727,355 shares of the company’s stock valued at $8,968,000 after acquiring an additional 13,730 shares during the period. Geode Capital Management LLC lifted its position in Hemisphere Media Group by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 189,002 shares of the company’s stock worth $2,294,000 after buying an additional 11,710 shares in the last quarter. Boyar Asset Management Inc. grew its holdings in shares of Hemisphere Media Group by 11.3% in the 1st quarter. Boyar Asset Management Inc. now owns 13,715 shares of the company’s stock valued at $193,000 after acquiring an additional 1,391 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hemisphere Media Group by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 519,427 shares of the company’s stock worth $6,305,000 after acquiring an additional 32,674 shares in the last quarter. Finally, WCM Investment Management LLC raised its holdings in shares of Hemisphere Media Group by 68.1% in the 1st quarter. WCM Investment Management LLC now owns 642,895 shares of the company’s stock valued at $9,065,000 after purchasing an additional 260,368 shares during the period. 30.31% of the stock is owned by institutional investors.
About Hemisphere Media Group
Hemisphere Media Group Inc, the Spanish-language media company, operates broadcast and cable television networks, and digital content platforms. It operates Cinelatino, a cable movie network with approximately 21 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.
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