Hemisphere Media Group Inc (NASDAQ:HMTV) has earned an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company. Hemisphere Media Group’s rating score has declined by 50% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a twelve-month consensus target price of $17.00 for the company, according to Zacks. Zacks has also assigned Hemisphere Media Group an industry rank of 75 out of 265 based on the ratings given to its competitors.

HMTV has been the subject of several recent analyst reports. BidaskClub upgraded shares of Hemisphere Media Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Royal Bank Of Canada cut their target price on shares of Hemisphere Media Group from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th.

Shares of Hemisphere Media Group (HMTV) remained flat at $$11.75 during trading hours on Wednesday. 48,404 shares of the stock were exchanged, compared to its average volume of 89,543. Hemisphere Media Group has a 12-month low of $10.65 and a 12-month high of $13.20. The firm has a market capitalization of $481.19, a price-to-earnings ratio of 31.62 and a beta of 0.40. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 0.76.

Large investors have recently modified their holdings of the stock. Nationwide Fund Advisors lifted its stake in Hemisphere Media Group by 181.2% in the 2nd quarter. Nationwide Fund Advisors now owns 8,931 shares of the company’s stock valued at $106,000 after purchasing an additional 5,755 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Hemisphere Media Group in the 3rd quarter valued at about $112,000. Highbridge Capital Management LLC acquired a new stake in Hemisphere Media Group in the 3rd quarter valued at about $120,000. Citadel Advisors LLC acquired a new stake in Hemisphere Media Group in the 3rd quarter valued at about $128,000. Finally, First Trust Advisors LP acquired a new stake in Hemisphere Media Group during the third quarter worth approximately $171,000. Institutional investors and hedge funds own 31.74% of the company’s stock.

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Hemisphere Media Group Company Profile

Hemisphere Media Group, Inc is a Spanish-language media company. As of December 31, 2016, the Company served the United States Hispanic and Latin American markets with five Spanish-language cable television networks distributed in the United States, two Spanish-language cable television networks distributed in Latin America, and a broadcast television network in Puerto Rico.

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