Hemisphere Media Group (NASDAQ:HMTV) Shares Gap Up to $12.41

Hemisphere Media Group, Inc. (NASDAQ:HMTV)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $12.41, but opened at $12.83. Hemisphere Media Group shares last traded at $12.75, with a volume of 21 shares traded.

Separately, TheStreet lowered shares of Hemisphere Media Group from a “b-” rating to a “c” rating in a report on Thursday, August 26th.

The firm’s 50 day moving average price is $12.27 and its two-hundred day moving average price is $12.39. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.56 and a quick ratio of 1.56.

Hemisphere Media Group (NASDAQ:HMTV) last released its quarterly earnings data on Monday, August 9th. The company reported ($0.16) earnings per share for the quarter. Hemisphere Media Group had a net margin of 24.38% and a return on equity of 4.51%.

A number of hedge funds and other institutional investors have recently bought and sold shares of HMTV. Edenbrook Capital LLC grew its position in Hemisphere Media Group by 15.4% in the 2nd quarter. Edenbrook Capital LLC now owns 1,469,126 shares of the company’s stock valued at $17,336,000 after purchasing an additional 196,557 shares during the period. Euclidean Technologies Management LLC purchased a new position in Hemisphere Media Group during the 2nd quarter worth $2,061,000. WCM Investment Management LLC boosted its holdings in Hemisphere Media Group by 14.8% during the 1st quarter. WCM Investment Management LLC now owns 1,105,012 shares of the company’s stock worth $12,873,000 after acquiring an additional 142,541 shares during the last quarter. BlackRock Inc. boosted its holdings in Hemisphere Media Group by 10.7% during the 1st quarter. BlackRock Inc. now owns 1,128,461 shares of the company’s stock worth $13,146,000 after acquiring an additional 109,534 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Hemisphere Media Group during the 1st quarter worth $818,000. 32.15% of the stock is owned by institutional investors and hedge funds.

Hemisphere Media Group Company Profile (NASDAQ:HMTV)

Hemisphere Media Group, Inc engages in the operation of networks and content production platform, which includes movie and telenovela channels. Its platforms include Cinelatino, WAPA, WAPA America, Pasiones, Centroamerica TV, and Television Dominicana. The company was founded on January 16, 2013 and is headquartered in Coral Gables, FL.

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