Hemisphere Media Group Inc (NASDAQ:HMTV) has received a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.
Brokers have set a 12-month consensus target price of $17.00 for the company, according to Zacks. Zacks has also assigned Hemisphere Media Group an industry rank of 91 out of 255 based on the ratings given to related companies.
A number of brokerages have commented on HMTV. BidaskClub raised Hemisphere Media Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 17th. Wells Fargo & Co began coverage on Hemisphere Media Group in a research note on Sunday, October 13th. They issued an “outperform” rating and a $17.00 price target on the stock.
NASDAQ:HMTV traded down $0.26 during mid-day trading on Tuesday, reaching $12.76. The stock had a trading volume of 13,173 shares, compared to its average volume of 28,992. The firm has a 50 day moving average price of $12.26 and a two-hundred day moving average price of $13.05. Hemisphere Media Group has a one year low of $11.33 and a one year high of $15.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.36 and a current ratio of 4.36.
Hemisphere Media Group (NASDAQ:HMTV) last released its earnings results on Monday, August 5th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $39.15 million during the quarter. Hemisphere Media Group had a negative return on equity of 0.99% and a negative net margin of 1.45%.
A number of institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Hemisphere Media Group by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 101,078 shares of the company’s stock worth $1,306,000 after purchasing an additional 1,307 shares during the period. Bank of Montreal Can increased its stake in Hemisphere Media Group by 54.0% in the 2nd quarter. Bank of Montreal Can now owns 4,362 shares of the company’s stock worth $57,000 after purchasing an additional 1,529 shares during the period. Russell Investments Group Ltd. increased its stake in Hemisphere Media Group by 14.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,756 shares of the company’s stock worth $178,000 after purchasing an additional 1,700 shares during the period. Swiss National Bank increased its stake in Hemisphere Media Group by 12.7% in the 2nd quarter. Swiss National Bank now owns 32,900 shares of the company’s stock worth $425,000 after purchasing an additional 3,700 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in Hemisphere Media Group by 12.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 36,170 shares of the company’s stock worth $467,000 after purchasing an additional 3,903 shares during the period. 30.31% of the stock is currently owned by institutional investors and hedge funds.
Hemisphere Media Group Company Profile
Hemisphere Media Group Inc, the Spanish-language media company, operates broadcast and cable television networks, and digital content platforms. It operates Cinelatino, a cable movie network with approximately 21 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.
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