Hemisphere Media Group (NASDAQ:HMTV) Upgraded at BidaskClub

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BidaskClub upgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a strong sell rating to a sell rating in a research report released on Thursday, BidAskClub reports.

Separately, TheStreet lowered shares of Hemisphere Media Group from a b- rating to a c rating in a report on Monday, June 17th.

NASDAQ HMTV opened at $13.29 on Thursday. The firm’s fifty day simple moving average is $12.11 and its two-hundred day simple moving average is $13.37. The company has a quick ratio of 4.36, a current ratio of 4.36 and a debt-to-equity ratio of 0.89. Hemisphere Media Group has a 12-month low of $11.33 and a 12-month high of $15.26.

Hemisphere Media Group (NASDAQ:HMTV) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.06) earnings per share (EPS) for the quarter. Hemisphere Media Group had a negative return on equity of 0.99% and a negative net margin of 1.45%. The firm had revenue of $39.15 million during the quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. grew its holdings in Hemisphere Media Group by 12.1% in the second 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 last quarter. Searchlight Capital Partners L.P. grew its holdings in Hemisphere Media Group by 26.8% in the second quarter. Searchlight Capital Partners L.P. now owns 65,036 shares of the company’s stock worth $840,000 after purchasing an additional 13,746 shares during the last quarter. BlackRock Inc. grew its holdings in Hemisphere Media Group by 7.4% in the second quarter. BlackRock Inc. now owns 976,152 shares of the company’s stock worth $12,611,000 after purchasing an additional 67,254 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Hemisphere Media Group by 214.7% in the second quarter. Parametric Portfolio Associates LLC now owns 58,988 shares of the company’s stock worth $762,000 after purchasing an additional 40,246 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Hemisphere Media Group by 3.4% in the second quarter. Northern Trust Corp now owns 429,667 shares of the company’s stock worth $5,551,000 after purchasing an additional 14,006 shares during the last quarter. 30.31% of the stock is currently owned by institutional investors and hedge funds.

About Hemisphere Media Group

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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