Hemisphere Media Group (HMTV) Upgraded at BidaskClub

BidaskClub upgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a sell rating to a hold rating in a research note issued to investors on Saturday.

HMTV has been the topic of a number of other research reports. TheStreet downgraded Hemisphere Media Group from a b- rating to a c+ rating in a report on Monday, January 22nd. ValuEngine downgraded Hemisphere Media Group from a hold rating to a sell rating in a report on Thursday, March 1st.

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Hemisphere Media Group (NASDAQ:HMTV) opened at $11.65 on Friday. The firm has a market capitalization of $493.52, a PE ratio of 31.49 and a beta of 0.24. Hemisphere Media Group has a twelve month low of $10.50 and a twelve month high of $13.20. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.86.

Several institutional investors and hedge funds have recently modified their holdings of HMTV. Nationwide Fund Advisors increased its holdings in shares of Hemisphere Media Group by 181.2% in the 2nd quarter. Nationwide Fund Advisors now owns 8,931 shares of the company’s stock valued at $106,000 after purchasing an additional 5,755 shares during the period. New York State Common Retirement Fund increased its holdings in Hemisphere Media Group by 130.5% in the second quarter. New York State Common Retirement Fund now owns 16,600 shares of the company’s stock worth $197,000 after buying an additional 9,399 shares during the last quarter. Northern Trust Corp increased its holdings in Hemisphere Media Group by 252.4% in the second quarter. Northern Trust Corp now owns 259,548 shares of the company’s stock worth $3,075,000 after buying an additional 185,892 shares during the last quarter. Vanguard Group Inc. increased its holdings in Hemisphere Media Group by 6.1% in the second quarter. Vanguard Group Inc. now owns 517,542 shares of the company’s stock worth $6,133,000 after buying an additional 29,840 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Hemisphere Media Group by 49.8% in the second quarter. Dimensional Fund Advisors LP now owns 44,738 shares of the company’s stock worth $530,000 after buying an additional 14,864 shares during the last quarter. Institutional investors own 31.05% of the company’s stock.

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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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