Geode Capital Management LLC increased its stake in shares of Hemisphere Media Group, Inc. (NASDAQ:HMTV) by 14.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,714 shares of the company’s stock after buying an additional 11,790 shares during the period. Geode Capital Management LLC owned about 0.22% of Hemisphere Media Group worth $1,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Hemisphere Media Group during the first quarter worth about $235,000. Oxford Asset Management increased its holdings in Hemisphere Media Group by 10.9% during the first quarter. Oxford Asset Management now owns 20,834 shares of the company’s stock worth $245,000 after buying an additional 2,043 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Hemisphere Media Group by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 48,513 shares of the company’s stock worth $571,000 after buying an additional 1,360 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Hemisphere Media Group by 541.0% during the first quarter. Wells Fargo & Company MN now owns 257,322 shares of the company’s stock worth $3,024,000 after buying an additional 217,180 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Hemisphere Media Group by 6.9% during the first quarter. Nordea Investment Management AB now owns 365,499 shares of the company’s stock worth $4,295,000 after buying an additional 23,700 shares during the last quarter. Institutional investors and hedge funds own 28.07% of the company’s stock.

A number of research firms recently issued reports on HMTV. BidaskClub upgraded shares of Hemisphere Media Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and set a $16.00 price objective on shares of Hemisphere Media Group in a report on Tuesday, June 13th. Finally, ValuEngine upgraded shares of Hemisphere Media Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th.

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Hemisphere Media Group, Inc. (HMTV) traded up 0.194% during mid-day trading on Wednesday, reaching $12.925. 54,750 shares of the company were exchanged. The company has a market capitalization of $550.70 million, a PE ratio of 29.242 and a beta of 0.45. The stock has a 50-day moving average price of $12.67 and a 200 day moving average price of $11.79. Hemisphere Media Group, Inc. has a one year low of $10.75 and a one year high of $13.20.

Hemisphere Media Group announced that its board has approved a stock buyback plan on Tuesday, June 20th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

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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Institutional Ownership by Quarter for Hemisphere Media Group (NASDAQ:HMTV)

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