Hemisphere Media Group (HMTV) PT Raised to $17.00 at Royal Bank of Canada

Hemisphere Media Group (NASDAQ:HMTV) had its target price raised by Royal Bank of Canada from $16.00 to $17.00 in a research report report published on Tuesday morning. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts also recently commented on HMTV. BidaskClub downgraded shares of Hemisphere Media Group from a buy rating to a hold rating in a report on Wednesday, July 11th. ValuEngine downgraded shares of Hemisphere Media Group from a hold rating to a sell rating in a report on Wednesday, July 25th.

Shares of HMTV stock opened at $13.98 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. Hemisphere Media Group has a 52 week low of $10.50 and a 52 week high of $14.20.

Hemisphere Media Group (NASDAQ:HMTV) last announced its earnings results on Thursday, August 9th. The company reported ($0.13) EPS for the quarter. The company had revenue of $34.79 million for the quarter. Hemisphere Media Group had a negative return on equity of 8.42% and a negative net margin of 28.37%.

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Hemisphere Media Group by 5.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 88,621 shares of the company’s stock worth $1,236,000 after buying an additional 4,922 shares during the period. Victory Capital Management Inc. raised its holdings in Hemisphere Media Group by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 41,923 shares of the company’s stock worth $549,000 after buying an additional 5,751 shares during the period. Northern Trust Corp grew its stake in shares of Hemisphere Media Group by 1.7% during the 1st quarter. Northern Trust Corp now owns 352,988 shares of the company’s stock worth $3,971,000 after acquiring an additional 5,861 shares in the last quarter. Boyar Asset Management Inc. bought a new position in shares of Hemisphere Media Group during the 3rd quarter worth approximately $172,000. Finally, BlackRock Inc. grew its stake in shares of Hemisphere Media Group by 2.0% during the 3rd quarter. BlackRock Inc. now owns 891,407 shares of the company’s stock worth $12,435,000 after acquiring an additional 17,496 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.

About Hemisphere Media Group

Hemisphere Media Group, Inc owns and operates Spanish-language cable television broadcasting networks and digital content platform in the United States and internationally. It operates Cinelatino, a cable movie network with approximately 20 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a broadband news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.

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