BidaskClub lowered shares of Hemisphere Media Group (NASDAQ:HMTV) from a buy rating to a hold rating in a research report released on Wednesday.

A number of other research analysts have also commented on HMTV. ValuEngine raised shares of Hemisphere Media Group from a sell rating to a hold rating in a research report on Wednesday, August 8th. Royal Bank of Canada upped their price objective on shares of Hemisphere Media Group from $16.00 to $17.00 and gave the company an outperform rating in a research report on Tuesday, November 6th.

Shares of HMTV traded down $0.13 during trading hours on Wednesday, reaching $13.18. 400 shares of the company traded hands, compared to its average volume of 35,829. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.90. Hemisphere Media Group has a 1-year low of $10.50 and a 1-year high of $14.25.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Hemisphere Media Group by 2.0% in the third quarter. BlackRock Inc. now owns 891,407 shares of the company’s stock valued at $12,435,000 after acquiring an additional 17,496 shares during the period. Vanguard Group Inc. increased its stake in Hemisphere Media Group by 3.7% in the third quarter. Vanguard Group Inc. now owns 743,953 shares of the company’s stock valued at $10,378,000 after acquiring an additional 26,466 shares during the period. Renaissance Technologies LLC increased its stake in Hemisphere Media Group by 5.1% in the third quarter. Renaissance Technologies LLC now owns 722,900 shares of the company’s stock valued at $10,084,000 after acquiring an additional 35,399 shares during the period. Dimensional Fund Advisors LP increased its stake in Hemisphere Media Group by 15.6% in the third quarter. Dimensional Fund Advisors LP now owns 486,753 shares of the company’s stock valued at $6,790,000 after acquiring an additional 65,858 shares during the period. Finally, Northern Trust Corp increased its stake in Hemisphere Media Group by 10.3% in the second quarter. Northern Trust Corp now owns 389,472 shares of the company’s stock valued at $5,102,000 after acquiring an additional 36,484 shares during the period. 30.76% of the stock is currently owned by institutional investors and hedge funds.

Hemisphere Media Group Company Profile

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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