Hemisphere Media Group Inc (HMTV) Given Average Recommendation of “Buy” by Analysts

Hemisphere Media Group Inc (NASDAQ:HMTV) has been assigned a consensus broker rating score of 1.50 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. Hemisphere Media Group’s rating score has declined by 50% in the last three months as a result of various analysts’ upgrades and downgrades.

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 207 out of 265 based on the ratings given to related companies.

Several equities analysts recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Hemisphere Media Group from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. BidaskClub raised shares of Hemisphere Media Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 6th.

A number of hedge funds have recently made changes to their positions in HMTV. American International Group Inc. raised its stake in shares of Hemisphere Media Group by 10,011.7% in the third quarter. American International Group Inc. now owns 978,609 shares of the company’s stock worth $11,694,000 after acquiring an additional 968,931 shares during the last quarter. Northern Trust Corp raised its stake in shares of Hemisphere Media Group by 252.4% in the second quarter. Northern Trust Corp now owns 259,548 shares of the company’s stock worth $3,075,000 after acquiring an additional 185,892 shares during the last quarter. OxFORD Asset Management LLP raised its stake in shares of Hemisphere Media Group by 636.6% in the third quarter. OxFORD Asset Management LLP now owns 143,638 shares of the company’s stock worth $1,713,000 after acquiring an additional 124,138 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Hemisphere Media Group by 39.6% in the second quarter. Wells Fargo & Company MN now owns 359,129 shares of the company’s stock worth $4,256,000 after acquiring an additional 101,807 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hemisphere Media Group by 195.1% in the third quarter. Dimensional Fund Advisors LP now owns 132,001 shares of the company’s stock worth $1,577,000 after acquiring an additional 87,263 shares during the last quarter. 31.74% of the stock is owned by hedge funds and other institutional investors.

Hemisphere Media Group (NASDAQ:HMTV) traded down $0.10 during trading hours on Monday, hitting $11.20. 111,800 shares of the stock were exchanged, compared to its average volume of 77,825. The company has a market cap of $460.62, a P/E ratio of 30.27 and a beta of 0.40. Hemisphere Media Group has a one year low of $10.65 and a one year high of $13.20. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 0.76.

WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/08/hemisphere-media-group-inc-hmtv-given-average-recommendation-of-buy-by-analysts.html.

About Hemisphere Media Group

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.

Get a free copy of the Zacks research report on Hemisphere Media Group (HMTV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hemisphere Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hemisphere Media Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply