Zacks: Hemisphere Media Group Inc (HMTV) Given $17.00 Average Price Target by Analysts

Shares of Hemisphere Media Group Inc (NASDAQ:HMTV) have received an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.

Brokerages have set a 1 year consensus price objective of $17.00 for the company, according to Zacks. Zacks has also assigned Hemisphere Media Group an industry rank of 34 out of 256 based on the ratings given to related companies.

HMTV has been the subject of several recent research reports. BidaskClub lowered Hemisphere Media Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. TheStreet upgraded Hemisphere Media Group from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in shares of Hemisphere Media Group by 1,133.8% during the first quarter. BNP Paribas Arbitrage SA now owns 3,837 shares of the company’s stock valued at $54,000 after buying an additional 3,526 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Hemisphere Media Group by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,548 shares of the company’s stock valued at $79,000 after buying an additional 5,114 shares during the period. Bank of America Corp DE boosted its position in shares of Hemisphere Media Group by 90.1% during the fourth quarter. Bank of America Corp DE now owns 10,844 shares of the company’s stock valued at $131,000 after buying an additional 5,139 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hemisphere Media Group by 105.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,877 shares of the company’s stock valued at $153,000 after buying an additional 5,581 shares during the period. Finally, Two Sigma Investments LP purchased a new position in shares of Hemisphere Media Group during the fourth quarter valued at approximately $165,000. Institutional investors own 30.24% of the company’s stock.

Shares of HMTV traded down $0.21 during midday trading on Tuesday, reaching $14.79. The stock had a trading volume of 298 shares, compared to its average volume of 24,832. Hemisphere Media Group has a 12-month low of $11.20 and a 12-month high of $15.22. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 0.87.

Hemisphere Media Group (NASDAQ:HMTV) last released its earnings results on Tuesday, March 12th. The company reported $0.07 earnings per share for the quarter. Hemisphere Media Group had a negative return on equity of 4.73% and a negative net margin of 7.42%. The company had revenue of $46.01 million during the quarter.

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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