Central European Media Enterpri (NASDAQ:CETV) Experiences Lighter than Usual Trading Volume


Trading was light with 87K shares changing hands by the end of trading on Friday. Volume was down 64.10% under the stocks average daily volume.

The following firms have also recently changed their position in CETV. Federated Investors Inc /pa/ added to its investment by buying 769 shares an increase of 33.0%. Federated Investors Inc /pa/ currently owns 3,101 shares with a value of $12,000. The value of the position overall is up by 71.4%. As of the end of the quarter Bank Of NEW York Mellon Corp had bought a total of 7,874 shares growing its position 2.8%. The value of the company’s investment in Central European Media Enterpri increased from $886,000 to $1,175,000 a change of $289,000 for the reporting period.

As of quarter end Sg Americas Securities, LLC had disposed of 24,520 shares trimming its stake by 69.6%. The value of the investment in CETV went from $109,000 to $43,000 a change of 60.6% quarter to quarter. As of the end of the quarter BNP Paribas Arbitrage, SA had acquired a total of 7,689 shares growing its holdings by 4,444.5%. The value in dollars increased from $0 to $31,000 increasing inf% since the last quarter.

Equity analyst Wunderlich began coverage of the stock with a rating of “Buy” and a price target of $3.30. Goldman Sachs started covering the stock giving it an initial rating of “Neutral” and establishing a price target of $2.80.

Equity analyst Goldman Sachs upgraded the stock and raised the price target on August 11 changing the price objective from $1.80 to $2.70 and altering the rating from “Sell” to “Neutral”. On August 11 the stock rating was upgraded to “Neutral” from “Sell” with a current price target of $2.70 by Goldman Sachs.

The company is down by -1.16 percent from yesterday’s close. It is currently trading at $4.25 which is marginally higher than $4.18, the 50 day moving average and which is just a bit higher than the 200 day moving average of $3.52. The 50 day moving average went up by +1.61% and the 200 day average was up $0.73.

The company’s P/E ratio is 170.00 and market capitalization is 615.59M.

Central European Media Enterprises Ltd. (CME Ltd.), launched on June 15, 1994, is a media and entertainment company operating in Central and Eastern Europe. The Business’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. As of December 31, 2016, it had broadcast operations in six countries in Central and Eastern Europe, broadcasting a total of 36 television channels. The Company enters into agreements with advertisers, advertising agencies and sponsors to place advertising on the television channels that the Company operates. The Company collects fees from cable and direct-to-home (DTH) and Internet protocol television (IPTV) operators for carriage of its channels. It owns its broadcast operating and license companies in each country. The Company offers viewers the choice of watching television content through a series of portals, including through Voyo, its subscription video-on-demand service, and catch-up services on its Websites. The programming that the Company provides consists of locally produced news, current affairs, fiction, and reality and entertainment shows, as well as acquired foreign movies, series and sports programming..