Capital World Investors Has $8,880,000 Position in Central European Media Enterprises Ltd. (CETV)

Capital World Investors maintained its stake in Central European Media Enterprises Ltd. (NASDAQ:CETV) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,220,000 shares of the company’s stock at the close of the second quarter. Capital World Investors owned about 1.53% of Central European Media Enterprises worth $8,880,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Central European Media Enterprises during the first quarter worth $109,000. Spark Investment Management LLC bought a new position in Central European Media Enterprises during the first quarter valued at $118,000. Alliancebernstein L.P. bought a new position in Central European Media Enterprises during the second quarter valued at $176,000. Voya Investment Management LLC lifted its position in Central European Media Enterprises by 16.6% during the second quarter. Voya Investment Management LLC now owns 46,348 shares of the company’s stock valued at $185,000 after purchasing an additional 6,590 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Central European Media Enterprises by 71.0% during the first quarter. Goldman Sachs Group Inc. now owns 46,452 shares of the company’s stock valued at $144,000 after purchasing an additional 19,287 shares during the last quarter. Hedge funds and other institutional investors own 28.27% of the company’s stock.

Separately, BidaskClub upgraded shares of Central European Media Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th.

Central European Media Enterprises Ltd. (NASDAQ:CETV) opened at 4.40 on Wednesday. The company has a market cap of $637.32 million, a price-to-earnings ratio of 176.00 and a beta of 0.98. Central European Media Enterprises Ltd. has a 52-week low of $2.15 and a 52-week high of $4.55. The firm’s 50-day moving average is $4.14 and its 200 day moving average is $3.99.

Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.11. The company had revenue of $181.86 million during the quarter. Central European Media Enterprises had a net margin of 2.82% and a negative return on equity of 18.46%. On average, equities research analysts predict that Central European Media Enterprises Ltd. will post $0.07 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.themarketsdaily.com/2017/10/11/capital-world-investors-has-8880000-position-in-central-european-media-enterprises-ltd-cetv.html.

About Central European Media Enterprises

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.

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

Receive News & Ratings for Central European Media Enterprises Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central European Media Enterprises Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply