Panagora Asset Management Inc. Purchases 76,049 Shares of Central European Media Enterprises Ltd. (NASDAQ:CETV)

Panagora Asset Management Inc. raised its position in shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) by 32,779.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,281 shares of the company’s stock after purchasing an additional 76,049 shares during the period. Panagora Asset Management Inc.’s holdings in Central European Media Enterprises were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CETV. DekaBank Deutsche Girozentrale boosted its position in shares of Central European Media Enterprises by 39.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 587,000 shares of the company’s stock worth $2,471,000 after buying an additional 167,000 shares during the period. IndexIQ Advisors LLC acquired a new stake in shares of Central European Media Enterprises during the 1st quarter valued at about $1,290,000. Chicago Equity Partners LLC acquired a new stake in shares of Central European Media Enterprises during the 2nd quarter valued at about $312,000. Acadian Asset Management LLC boosted its position in shares of Central European Media Enterprises by 290.2% during the 1st quarter. Acadian Asset Management LLC now owns 92,198 shares of the company’s stock valued at $367,000 after acquiring an additional 68,571 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Central European Media Enterprises by 116.6% during the 1st quarter. SG Americas Securities LLC now owns 27,006 shares of the company’s stock valued at $107,000 after acquiring an additional 14,537 shares in the last quarter. 10.52% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub lowered shares of Central European Media Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 30th.

NASDAQ CETV traded up $0.03 during trading on Friday, reaching $4.49. 8,412 shares of the stock traded hands, compared to its average volume of 294,353. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 13.76 and a beta of 1.28. The stock’s 50-day moving average price is $4.62 and its 200 day moving average price is $4.10. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.34. Central European Media Enterprises Ltd. has a fifty-two week low of $2.67 and a fifty-two week high of $4.84.

Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $183.60 million during the quarter. Central European Media Enterprises had a net margin of 26.41% and a return on equity of 53.04%.

Central European Media Enterprises Profile

Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, the Slovak Republic, and Slovenia. It broadcasts a total of 31 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides television content through various portals, including Voyo, a subscription video-on-demand service, and advertising supported catch-up services on its Websites, as well as operates a portfolio of digital media products that complement its news programming and other television station-related brands.

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

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