Hemisphere Media Group (NASDAQ:HMTV) Stock Passes Above Fifty Day Moving Average of $12.60

Hemisphere Media Group Inc (NASDAQ:HMTV)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.60 and traded as high as $12.09. Hemisphere Media Group shares last traded at $12.07, with a volume of 911 shares.

Several research analysts have issued reports on HMTV shares. TheStreet cut shares of Hemisphere Media Group from a “b-” rating to a “c” rating in a report on Monday, June 17th. BidaskClub upgraded shares of Hemisphere Media Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 6th.

The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 0.89. The firm’s fifty day moving average price is $12.59.



Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Hemisphere Media Group by 3.4% in the 4th quarter. BlackRock Inc. now owns 922,077 shares of the company’s stock valued at $11,195,000 after buying an additional 30,670 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Hemisphere Media Group by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 769,400 shares of the company’s stock valued at $9,941,000 after buying an additional 22,400 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hemisphere Media Group by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 727,355 shares of the company’s stock valued at $8,968,000 after buying an additional 13,730 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of Hemisphere Media Group by 68.1% in the 1st quarter. WCM Investment Management LLC now owns 642,895 shares of the company’s stock valued at $9,065,000 after buying an additional 260,368 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hemisphere Media Group by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 519,427 shares of the company’s stock valued at $6,305,000 after buying an additional 32,674 shares in the last quarter. Institutional investors and hedge funds own 31.92% of the company’s stock.

About Hemisphere Media Group (NASDAQ:HMTV)

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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