BidaskClub Lowers Hemisphere Media Group (HMTV) to Buy

BidaskClub downgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a strong-buy rating to a buy rating in a research note released on Thursday.

Separately, ValuEngine lowered shares of Hemisphere Media Group from a hold rating to a sell rating in a research report on Thursday, March 1st.

Get Hemisphere Media Group alerts:

HMTV stock opened at $13.10 on Thursday. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.88. Hemisphere Media Group has a one year low of $10.50 and a one year high of $13.95.

Hemisphere Media Group (NASDAQ:HMTV) last released its quarterly earnings results on Thursday, May 10th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $29.04 million for the quarter. Hemisphere Media Group had a negative net margin of 19.73% and a negative return on equity of 3.97%.

Hedge funds have recently added to or reduced their stakes in the stock. Stone Ridge Asset Management LLC acquired a new stake in shares of Hemisphere Media Group in the fourth quarter valued at about $273,000. American Century Companies Inc. acquired a new stake in shares of Hemisphere Media Group in the first quarter valued at about $351,000. Victory Capital Management Inc. acquired a new stake in shares of Hemisphere Media Group in the first quarter valued at about $407,000. Two Sigma Investments LP acquired a new stake in shares of Hemisphere Media Group in the fourth quarter valued at about $505,000. Finally, Citadel Advisors LLC grew its position in shares of Hemisphere Media Group by 507.0% in the fourth quarter. Citadel Advisors LLC now owns 65,032 shares of the company’s stock valued at $751,000 after purchasing an additional 54,318 shares during the period. Institutional investors own 31.95% of the company’s stock.

About Hemisphere Media Group

Hemisphere Media Group, Inc owns and operates Spanish-language cable television broadcasting networks and digital content platform in the United States and internationally. It operates Cinelatino, a cable movie network with approximately 20 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a broadband news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.