Shares of Hemisphere Media Group Inc (NASDAQ:HMTV) have been assigned a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Analysts have set a twelve-month consensus price target of $17.00 for the company, according to Zacks. Zacks has also assigned Hemisphere Media Group an industry rank of 91 out of 255 based on the ratings given to its competitors.
Several research analysts have weighed in on HMTV shares. BidaskClub upgraded shares of Hemisphere Media Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 17th. Wells Fargo & Co started coverage on shares of Hemisphere Media Group in a research note on Sunday, October 13th. They issued an “outperform” rating and a $17.00 price objective on the stock.
Shares of HMTV stock traded down $0.26 during trading hours on Tuesday, reaching $12.76. 13,173 shares of the stock traded hands, compared to its average volume of 28,992. Hemisphere Media Group has a 1-year low of $11.33 and a 1-year high of $15.26. The business has a fifty day moving average price of $12.26 and a 200 day moving average price of $13.05. 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 released its quarterly earnings data on Monday, August 5th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $39.15 million during the quarter. Hemisphere Media Group had a negative net margin of 1.45% and a negative return on equity of 0.99%.
A number of institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank increased its stake in shares of Hemisphere Media Group by 12.7% during the 2nd quarter. Swiss National Bank now owns 32,900 shares of the company’s stock worth $425,000 after purchasing an additional 3,700 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Hemisphere Media Group by 13.1% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 51,100 shares of the company’s stock valued at $660,000 after purchasing an additional 5,900 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hemisphere Media Group by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 727,355 shares of the company’s stock valued at $8,968,000 after purchasing an additional 13,730 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Hemisphere Media Group in the 2nd quarter valued at $141,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Hemisphere Media Group by 14.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,756 shares of the company’s stock valued at $178,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 30.31% of the company’s stock.
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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