Russell Investments Group Ltd. Reduces Stake in Central European Media Enterprises Ltd. (NASDAQ:CETV)

Russell Investments Group Ltd. lowered its stake in shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) by 34.2% during the first quarter, Holdings Channel reports. The firm owned 124,820 shares of the company’s stock after selling 65,000 shares during the period. Russell Investments Group Ltd.’s holdings in Central European Media Enterprises were worth $387,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in CETV. Nationwide Fund Advisors increased its stake in Central European Media Enterprises by 2.0% in the first quarter. Nationwide Fund Advisors now owns 54,016 shares of the company’s stock valued at $167,000 after buying an additional 1,075 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in Central European Media Enterprises during the fourth quarter valued at approximately $122,000. Renaissance Technologies LLC increased its stake in Central European Media Enterprises by 136.9% in the fourth quarter. Renaissance Technologies LLC now owns 64,379 shares of the company’s stock valued at $164,000 after buying an additional 37,200 shares during the period. FMR LLC increased its stake in Central European Media Enterprises by 15.4% in the fourth quarter. FMR LLC now owns 306,912 shares of the company’s stock valued at $784,000 after buying an additional 40,912 shares during the period. Finally, State Street Corp increased its stake in Central European Media Enterprises by 4.6% in the fourth quarter. State Street Corp now owns 1,177,145 shares of the company’s stock valued at $3,002,000 after buying an additional 51,679 shares during the period. 29.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of Central European Media Enterprises Ltd. (CETV) opened at 4.05 on Monday. The stock has a 50 day moving average of $4.11 and a 200-day moving average of $3.27. The stock’s market capitalization is $584.91 million. Central European Media Enterprises Ltd. has a one year low of $2.06 and a one year high of $4.45.

Central European Media Enterprises (NASDAQ:CETV) last posted its quarterly earnings data on Wednesday, April 26th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.07. The firm had revenue of $135 million during the quarter. Equities analysts forecast that Central European Media Enterprises Ltd. will post ($0.01) earnings per share for the current year.

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Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Central European Media Enterprises from a “buy” rating to a “sell” rating in a report on Monday, June 5th. TheStreet raised shares of Central European Media Enterprises from a “d” rating to a “c” rating in a report on Wednesday, May 17th.

Central European Media Enterprises Company Profile

Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.

Want to see what other hedge funds are holding CETV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central European Media Enterprises Ltd. (NASDAQ:CETV).

Institutional Ownership by Quarter for Central European Media Enterprises (NASDAQ:CETV)

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