59,317 Shares in Central European Media Enterprises Ltd. (CETV) Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 59,317 shares of the company’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CETV. Renaissance Technologies LLC increased its holdings in Central European Media Enterprises by 248.3% during the 1st quarter. Renaissance Technologies LLC now owns 224,233 shares of the company’s stock worth $695,000 after purchasing an additional 159,854 shares in the last quarter. State Street Corp increased its holdings in Central European Media Enterprises by 10.5% during the 2nd quarter. State Street Corp now owns 1,349,477 shares of the company’s stock worth $5,398,000 after purchasing an additional 128,411 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Central European Media Enterprises during the 2nd quarter worth approximately $440,000. Dimensional Fund Advisors LP increased its holdings in Central European Media Enterprises by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 608,774 shares of the company’s stock worth $2,435,000 after purchasing an additional 92,651 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Central European Media Enterprises by 155.9% during the 2nd quarter. Nationwide Fund Advisors now owns 138,212 shares of the company’s stock worth $553,000 after purchasing an additional 84,196 shares in the last quarter. 28.15% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on CETV shares. BidaskClub raised Central European Media Enterprises from a “hold” rating to a “buy” rating in a report on Friday, August 25th. ValuEngine lowered Central European Media Enterprises from a “hold” rating to a “sell” rating in a report on Friday, December 1st.

Central European Media Enterprises Ltd. (NASDAQ:CETV) opened at $4.85 on Friday. The stock has a market capitalization of $695.82, a P/E ratio of 480.00 and a beta of 0.90. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of -17.99. Central European Media Enterprises Ltd. has a twelve month low of $2.40 and a twelve month high of $5.20.

Central European Media Enterprises (NASDAQ:CETV) last released its earnings results on Tuesday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.07. The company had revenue of $119.43 million during the quarter. Central European Media Enterprises had a negative return on equity of 42.57% and a net margin of 4.70%.

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About Central European Media Enterprises

Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’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.

Institutional Ownership by Quarter for Central European Media Enterprises (NASDAQ:CETV)

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