Goldman Sachs Group Inc. raised its stake in Central European Media Enterprises Ltd. (NASDAQ:CETV) by 71.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,452 shares of the company’s stock after buying an additional 19,287 shares during the period. Goldman Sachs Group Inc.’s holdings in Central European Media Enterprises were worth $144,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Central European Media Enterprises by 2.7% in the first quarter. Geode Capital Management LLC now owns 614,433 shares of the company’s stock valued at $1,904,000 after buying an additional 16,011 shares in the last quarter. Spark Investment Management LLC acquired a new position in Central European Media Enterprises during the first quarter valued at about $118,000. American International Group Inc. boosted its position in Central European Media Enterprises by 7.1% in the first quarter. American International Group Inc. now owns 47,100 shares of the company’s stock valued at $146,000 after buying an additional 3,124 shares in the last quarter. SG Americas Securities LLC acquired a new position in Central European Media Enterprises during the first quarter valued at about $109,000. Finally, NN Investment Partners Holdings N.V. boosted its position in Central European Media Enterprises by 95.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 2,446,212 shares of the company’s stock valued at $7,581,000 after buying an additional 1,194,484 shares in the last quarter. 28.27% of the stock is owned by institutional investors and hedge funds.

Central European Media Enterprises Ltd. (NASDAQ:CETV) traded up 0.602% during mid-day trading on Thursday, hitting $4.175. The stock had a trading volume of 111,231 shares. The firm has a market cap of $604.73 million, a PE ratio of 167.000 and a beta of 1.04. Central European Media Enterprises Ltd. has a 12-month low of $2.15 and a 12-month high of $4.55. The company has a 50-day moving average of $4.21 and a 200-day moving average of $3.71.

Central European Media Enterprises (NASDAQ:CETV) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.11. Central European Media Enterprises had a net margin of 2.82% and a negative return on equity of 18.46%. The company had revenue of $181.86 million for the quarter. Analysts expect that Central European Media Enterprises Ltd. will post $0.07 earnings per share for the current year.

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Several research firms have recently issued reports on CETV. BidaskClub cut Central European Media Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research cut Central European Media Enterprises from a “buy” rating to a “sell” rating in a research report on Monday, June 5th. Finally, TheStreet raised Central European Media Enterprises from a “d” rating to a “c” rating in a research report on Wednesday, May 17th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $3.90.

In related news, insider Global Equity Master Fund Tcs sold 5,000,000 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $4.05, for a total value of $20,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.77% of the company’s stock.

About Central European Media Enterprises

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.

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

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