Central European Media Enterprises Ltd. (NASDAQ:CETV) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.58 and last traded at $4.60, with a volume of 565,584 shares traded. The stock had previously closed at $4.40.
Separately, BidaskClub upgraded shares of Central European Media Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, August 25th.
The company has a market capitalization of $666.29 million, a P/E ratio of 92.00 and a beta of 0.98. 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 announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. Central European Media Enterprises had a negative return on equity of 18.46% and a net margin of 2.82%. The company had revenue of $181.86 million during the quarter. Equities research analysts expect that Central European Media Enterprises Ltd. will post $0.07 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new stake in Central European Media Enterprises in the second quarter worth $238,000. State Street Corp lifted its stake in Central European Media Enterprises by 10.5% in the second quarter. State Street Corp now owns 1,349,477 shares of the company’s stock worth $5,398,000 after acquiring an additional 128,411 shares during the period. Voya Investment Management LLC lifted its stake in Central European Media Enterprises by 16.6% in the second quarter. Voya Investment Management LLC now owns 46,348 shares of the company’s stock worth $185,000 after acquiring an additional 6,590 shares during the period. Dimensional Fund Advisors LP lifted its stake in Central European Media Enterprises by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 608,774 shares of the company’s stock worth $2,435,000 after acquiring an additional 92,651 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in Central European Media Enterprises by 13.9% in the second quarter. Parametric Portfolio Associates LLC now owns 60,436 shares of the company’s stock worth $242,000 after acquiring an additional 7,377 shares during the period. 28.27% of the stock is owned by institutional investors.
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Central European Media Enterprises Company 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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