BidaskClub upgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a strong sell rating to a sell rating in a research note published on Saturday morning.

Several other equities research analysts also recently issued reports on HMTV. ValuEngine upgraded shares of Hemisphere Media Group from a sell rating to a hold rating in a research report on Wednesday. Royal Bank of Canada set a $16.00 price objective on shares of Hemisphere Media Group and gave the stock a buy rating in a research report on Friday, August 3rd.

HMTV stock traded up $0.10 during mid-day trading on Friday, hitting $13.00. 87,089 shares of the company were exchanged, compared to its average volume of 31,110. The company has a debt-to-equity ratio of 0.88, a quick ratio of 5.04 and a current ratio of 5.04. Hemisphere Media Group has a 1-year low of $10.50 and a 1-year high of $13.95.

Hemisphere Media Group (NASDAQ:HMTV) last issued its quarterly earnings data on Thursday, May 10th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $29.04 million for the quarter. Hemisphere Media Group had a negative return on equity of 3.97% and a negative net margin of 19.72%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HMTV. Victory Capital Management Inc. grew its stake in shares of Hemisphere Media Group by 15.9% during the second 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 last quarter. Northern Trust Corp raised its holdings in shares of Hemisphere Media Group by 1.7% during the first quarter. Northern Trust Corp now owns 352,988 shares of the company’s stock valued at $3,971,000 after purchasing an additional 5,861 shares during the period. BlackRock Inc. raised its holdings in shares of Hemisphere Media Group by 1.8% during the fourth quarter. BlackRock Inc. now owns 744,129 shares of the company’s stock valued at $8,594,000 after purchasing an additional 13,459 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Hemisphere Media Group by 25.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 93,888 shares of the company’s stock worth $1,230,000 after acquiring an additional 19,328 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Hemisphere Media Group during the second quarter worth about $280,000. Institutional investors own 31.60% of the company’s stock.

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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