Hemisphere Media Group (HMTV) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a hold rating to a buy rating in a report released on Saturday morning, BidAskClub reports.

Separately, TheStreet upgraded shares of Hemisphere Media Group from a c+ rating to a b- rating in a research report on Thursday, April 4th.

Shares of NASDAQ:HMTV opened at $14.91 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.63 and a current ratio of 3.63. Hemisphere Media Group has a twelve month low of $10.70 and a twelve month high of $15.18.

Several large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its position in Hemisphere Media Group by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,548 shares of the company’s stock valued at $79,000 after purchasing an additional 5,114 shares during the last quarter. Bank of America Corp DE raised its position in Hemisphere Media Group by 90.1% in the 4th quarter. Bank of America Corp DE now owns 10,844 shares of the company’s stock valued at $131,000 after purchasing an additional 5,139 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Hemisphere Media Group in the 4th quarter valued at $165,000. MetLife Investment Advisors LLC purchased a new stake in Hemisphere Media Group in the 3rd quarter valued at $197,000. Finally, Rhumbline Advisers raised its position in Hemisphere Media Group by 48.7% in the 4th quarter. Rhumbline Advisers now owns 24,160 shares of the company’s stock valued at $293,000 after purchasing an additional 7,913 shares during the last quarter. Institutional investors and hedge funds own 30.25% of the company’s stock.

About Hemisphere Media Group

Hemisphere Media Group Inc, the Spanish-language media company, operates broadcast and cable television networks, and digital content platforms. It operates Cinelatino, a cable movie network with approximately 21 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.

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