Zacks: Hemisphere Media Group Inc (NASDAQ:HMTV) Receives Average Recommendation of “Buy” from Brokerages

Shares of Hemisphere Media Group Inc (NASDAQ:HMTV) have been given a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.

Brokers have set a 1 year consensus target price of $17.00 for the company, according to Zacks. Zacks has also assigned Hemisphere Media Group an industry rank of 95 out of 255 based on the ratings given to related companies.

A number of equities analysts have recently commented on HMTV shares. BidaskClub upgraded Hemisphere Media Group from a “strong sell” rating to a “sell” rating in a report on Thursday. Wells Fargo & Co started coverage on Hemisphere Media Group in a report on Sunday, October 13th. They issued an “outperform” rating and a $17.00 target price for the company.

Hedge funds have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. raised its holdings in shares of Hemisphere Media Group by 12.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 36,170 shares of the company’s stock valued at $467,000 after acquiring an additional 3,903 shares during the last quarter. Searchlight Capital Partners L.P. increased its holdings in shares of 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 valued at $840,000 after purchasing an additional 13,746 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Hemisphere Media Group by 7.4% in the second quarter. BlackRock Inc. now owns 976,152 shares of the company’s stock valued at $12,611,000 after purchasing an additional 67,254 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Hemisphere Media Group by 214.7% in the second quarter. Parametric Portfolio Associates LLC now owns 58,988 shares of the company’s stock valued at $762,000 after purchasing an additional 40,246 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Hemisphere Media Group by 3.4% in the second quarter. Northern Trust Corp now owns 429,667 shares of the company’s stock valued at $5,551,000 after purchasing an additional 14,006 shares during the last quarter. 30.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Hemisphere Media Group stock traded down $0.01 on Tuesday, reaching $12.79. The company had a trading volume of 18,557 shares, compared to its average volume of 26,036. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.36 and a quick ratio of 4.36. The firm’s 50-day moving average price is $12.18 and its two-hundred day moving average price is $13.07. Hemisphere Media Group has a 1 year low of $11.33 and a 1 year high of $15.26.

Hemisphere Media Group (NASDAQ:HMTV) last announced its earnings results on Monday, August 5th. The company reported ($0.06) EPS for the quarter. The company 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%.

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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