Hemisphere Media Group (HMTV) Reaches New 52-Week High at $14.30

Hemisphere Media Group Inc (NASDAQ:HMTV)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.30 and last traded at $14.30, with a volume of 1103 shares changing hands. The stock had previously closed at $14.00.

Separately, BidaskClub cut shares of Hemisphere Media Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th.

The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 0.90.

Hedge funds have recently made changes to their positions in the business. Metropolitan Life Insurance Co. NY raised its holdings in Hemisphere Media Group by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,548 shares of the company’s stock worth $79,000 after purchasing an additional 5,114 shares during the period. Bank of America Corp DE raised its holdings in Hemisphere Media Group by 90.1% in the fourth quarter. Bank of America Corp DE now owns 10,844 shares of the company’s stock worth $131,000 after purchasing an additional 5,139 shares during the period. Two Sigma Investments LP acquired a new stake in Hemisphere Media Group in the fourth quarter worth $165,000. MetLife Investment Advisors LLC acquired a new stake in Hemisphere Media Group in the third quarter worth $197,000. Finally, Rhumbline Advisers raised its holdings in Hemisphere Media Group by 48.7% in the fourth quarter. Rhumbline Advisers now owns 24,160 shares of the company’s stock worth $293,000 after purchasing an additional 7,913 shares during the period. 30.32% of the stock is currently owned by hedge funds and other institutional investors.

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About Hemisphere Media Group (NASDAQ:HMTV)

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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