Alliancebernstein L.P. Buys New Position in Central European Media Enterprises Ltd. (CETV)

Alliancebernstein L.P. bought a new stake in shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 43,900 shares of the company’s stock, valued at approximately $176,000.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Central European Media Enterprises during the 1st quarter valued at about $109,000. Goldman Sachs Group Inc. lifted its holdings in Central European Media Enterprises by 71.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,452 shares of the company’s stock worth $144,000 after purchasing an additional 19,287 shares during the last quarter. American International Group Inc. lifted its holdings in Central European Media Enterprises by 7.1% in the 1st quarter. American International Group Inc. now owns 47,100 shares of the company’s stock worth $146,000 after purchasing an additional 3,124 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Central European Media Enterprises by 26.1% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 60,236 shares of the company’s stock worth $187,000 after purchasing an additional 12,480 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Central European Media Enterprises by 35.5% in the 2nd quarter. Wells Fargo & Company MN now owns 65,245 shares of the company’s stock worth $261,000 after purchasing an additional 17,079 shares during the last quarter. 28.53% of the stock is currently owned by institutional investors.

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Separately, BidaskClub lowered Central European Media Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, August 5th.

Central European Media Enterprises Ltd. (CETV) opened at $4.50 on Wednesday. Central European Media Enterprises Ltd. has a 1-year low of $2.25 and a 1-year high of $4.85. The company has a market capitalization of $645.09, a P/E ratio of 445.00 and a beta of 0.90. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of -17.99.

Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings results on Tuesday, October 24th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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%.

Central European Media Enterprises Profile

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.

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

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