Hemisphere Media Group (HMTV) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a strong sell rating to a sell rating in a research note published on Wednesday.

Separately, Royal Bank Of Canada reduced their price objective on Hemisphere Media Group from $16.00 to $15.00 and set an outperform rating for the company in a report on Wednesday, November 8th.

Hemisphere Media Group (NASDAQ:HMTV) remained flat at $$11.75 during midday trading on Wednesday. The stock had a trading volume of 48,400 shares, compared to its average volume of 89,543. Hemisphere Media Group has a fifty-two week low of $10.65 and a fifty-two week high of $13.20. The company has a market capitalization of $483.24, a P/E ratio of 31.76 and a beta of 0.40. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 0.76.

A number of large investors have recently made changes to their positions in HMTV. Geode Capital Management LLC boosted its position in Hemisphere Media Group by 14.2% in the first quarter. Geode Capital Management LLC now owns 94,714 shares of the company’s stock worth $1,112,000 after purchasing an additional 11,790 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Hemisphere Media Group by 170.7% in the second quarter. Russell Investments Group Ltd. now owns 54,100 shares of the company’s stock worth $641,000 after purchasing an additional 34,118 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Hemisphere Media Group by 61.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 44,741 shares of the company’s stock worth $531,000 after purchasing an additional 17,071 shares during the last quarter. Rhumbline Advisers purchased a new position in Hemisphere Media Group in the second quarter worth about $207,000. Finally, Bank of New York Mellon Corp boosted its position in Hemisphere Media Group by 62.1% in the second quarter. Bank of New York Mellon Corp now owns 78,625 shares of the company’s stock worth $932,000 after purchasing an additional 30,112 shares during the last quarter. 31.74% of the stock is currently owned by institutional investors and hedge funds.

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About Hemisphere Media Group

Hemisphere Media Group, Inc is a Spanish-language media company. As of December 31, 2016, the Company served the United States Hispanic and Latin American markets with five Spanish-language cable television networks distributed in the United States, two Spanish-language cable television networks distributed in Latin America, and a broadcast television network in Puerto Rico.

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