Hemisphere Media Group Inc (HMTV) Given $15.00 Average Price Target by Analysts

Shares of Hemisphere Media Group Inc (NASDAQ:HMTV) have earned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating. Hemisphere Media Group’s rating score has declined by 33.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price target of $15.00 for the company, according to Zacks. Zacks has also given Hemisphere Media Group an industry rank of 206 out of 265 based on the ratings given to its competitors.

HMTV has been the topic of a number of research reports. BidaskClub raised shares of Hemisphere Media Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 6th. Royal Bank of Canada reduced their price objective 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. Finally, TheStreet lowered shares of Hemisphere Media Group from a “b-” rating to a “c+” rating in a research note on Monday, January 22nd.

A number of institutional investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC purchased a new position in Hemisphere Media Group in the 3rd quarter valued at approximately $120,000. Jane Street Group LLC purchased a new position in Hemisphere Media Group in the 3rd quarter valued at approximately $269,000. Magnetar Financial LLC purchased a new position in Hemisphere Media Group in the 3rd quarter valued at approximately $198,000. OxFORD Asset Management LLP grew its stake in Hemisphere Media Group by 636.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 143,638 shares of the company’s stock valued at $1,713,000 after buying an additional 124,138 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Hemisphere Media Group by 195.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 132,001 shares of the company’s stock valued at $1,577,000 after buying an additional 87,263 shares in the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

Hemisphere Media Group (NASDAQ:HMTV) traded up $0.25 during trading hours on Friday, hitting $10.80. 51,827 shares of the company were exchanged, compared to its average volume of 55,714. The company has a debt-to-equity ratio of 0.76, a current ratio of 6.48 and a quick ratio of 6.48. The company has a market cap of $440.06 and a PE ratio of 29.19. Hemisphere Media Group has a 52 week low of $10.50 and a 52 week high of $13.20.

Hemisphere Media Group (NASDAQ:HMTV) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.02 EPS for the quarter. Hemisphere Media Group had a net margin of 10.39% and a return on equity of 5.33%.

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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.

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