BidaskClub Downgrades Hemisphere Media Group (NASDAQ:HMTV) to Hold

BidaskClub downgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a buy rating to a hold rating in a report issued on Friday morning, BidAskClub reports.

Separately, Wells Fargo & Co assumed coverage on shares of Hemisphere Media Group in a report on Sunday, October 13th. They set an outperform rating and a $17.00 price target for the company.

Hemisphere Media Group stock opened at $14.03 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.34 and a current ratio of 4.34. Hemisphere Media Group has a 52-week low of $11.34 and a 52-week high of $15.34. The firm has a 50 day moving average price of $14.06 and a two-hundred day moving average price of $12.84.

Hemisphere Media Group (NASDAQ:HMTV) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter. Hemisphere Media Group had a negative return on equity of 1.92% and a negative net margin of 2.82%. The firm had revenue of $35.85 million for the quarter.

A number of institutional investors have recently added to or reduced their stakes in HMTV. Searchlight Capital Partners L.P. grew its position in shares of Hemisphere Media Group by 26.8% during the 2nd quarter. Searchlight Capital Partners L.P. now owns 65,036 shares of the company’s stock worth $840,000 after buying an additional 13,746 shares during the period. State Street Corp grew its position in shares of Hemisphere Media Group by 0.7% during the 3rd quarter. State Street Corp now owns 341,926 shares of the company’s stock worth $4,178,000 after buying an additional 2,452 shares during the period. California Public Employees Retirement System grew its position in shares of Hemisphere Media Group by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 30,319 shares of the company’s stock worth $370,000 after buying an additional 1,446 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Hemisphere Media Group by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 101,078 shares of the company’s stock worth $1,306,000 after buying an additional 1,307 shares during the period. Finally, Northern Trust Corp grew its position in shares of Hemisphere Media Group by 3.4% during the 2nd quarter. Northern Trust Corp now owns 429,667 shares of the company’s stock worth $5,551,000 after buying an additional 14,006 shares during the period. Hedge funds and other institutional investors own 27.30% 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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