Royal Bank of Canada Trims Hemisphere Media Group, Inc. (HMTV) Target Price to $15.00
Hemisphere Media Group, Inc. (NASDAQ:HMTV) had its price target reduced by Royal Bank of Canada from $16.00 to $15.00 in a report published on Wednesday, MarketBeat reports. Royal Bank of Canada currently has an outperform rating on the stock.
Separately, BidaskClub raised Hemisphere Media Group from a hold rating to a buy rating in a report on Tuesday, August 1st.
Shares of Hemisphere Media Group (NASDAQ:HMTV) traded up $0.05 during mid-day trading on Wednesday, reaching $11.15. The company had a trading volume of 102,100 shares, compared to its average volume of 88,236. The company has a debt-to-equity ratio of 0.74, a quick ratio of 7.50 and a current ratio of 7.50. Hemisphere Media Group has a 52 week low of $10.75 and a 52 week high of $13.20. The stock has a market capitalization of $477.22, a PE ratio of 24.13 and a beta of 0.48.
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A number of institutional investors and hedge funds have recently modified their holdings of HMTV. Nationwide Fund Advisors grew its holdings in Hemisphere Media Group by 181.2% in the second 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 period. SG Americas Securities LLC acquired a new stake in Hemisphere Media Group in the third quarter valued at approximately $112,000. Citadel Advisors LLC acquired a new stake in Hemisphere Media Group in the third quarter valued at approximately $128,000. First Trust Advisors LP acquired a new stake in Hemisphere Media Group in the third quarter valued at approximately $171,000. Finally, Icon Advisers Inc. Co. acquired a new stake in Hemisphere Media Group in the second quarter valued at approximately $190,000. 26.98% of the stock is currently owned by institutional investors.
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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