Short Interest in Hemisphere Media Group, Inc. (NASDAQ:HMTV) Increases By 71.4%

Hemisphere Media Group, Inc. (NASDAQ:HMTV – Get Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 604,800 shares, a growth of 71.4% from the April 15th total of 352,800 shares. Based on an average daily volume of 148,600 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.3% of the company’s shares are short sold.

Several research firms have weighed in on HMTV. Guggenheim cut Hemisphere Media Group from a “buy” rating to a “neutral” rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on Hemisphere Media Group from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 9th. Finally, StockNews.com lowered shares of Hemisphere Media Group from a “hold” rating to a “sell” rating in a report on Thursday.

In other news, major shareholder Edenbrook Capital, Llc acquired 10,620 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were acquired at an average cost of $4.59 per share, with a total value of $48,745.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Fine Capital Partners, L.P. acquired 15,000 shares of the business’s stock in a transaction on Friday, May 6th. The shares were purchased at an average cost of $3.72 per share, for a total transaction of $55,800.00. Following the completion of the transaction, the insider now owns 3,415,930 shares in the company, valued at approximately $12,707,259.60. The disclosure for this purchase can be found here. Insiders purchased 770,299 shares of company stock worth $3,302,777 over the last three months. 53.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HMTV. Morgan Stanley raised its holdings in Hemisphere Media Group by 10.6% in the 2nd quarter. Morgan Stanley now owns 61,655 shares of the company’s stock worth $727,000 after acquiring an additional 5,929 shares during the last quarter. SG Americas Securities LLC purchased a new position in Hemisphere Media Group in the 3rd quarter worth approximately $138,000. Los Angeles Capital Management LLC raised its holdings in Hemisphere Media Group by 4.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 35,995 shares of the company’s stock worth $438,000 after acquiring an additional 1,400 shares during the last quarter. Barclays PLC raised its holdings in Hemisphere Media Group by 35.3% in the 3rd quarter. Barclays PLC now owns 17,243 shares of the company’s stock worth $209,000 after acquiring an additional 4,503 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Hemisphere Media Group by 3.3% in the 3rd quarter. Goldman Sachs Group Inc. now owns 80,644 shares of the company’s stock worth $982,000 after acquiring an additional 2,570 shares during the last quarter. Institutional investors own 76.13% of the company’s stock.

HMTV stock opened at $6.52 on Friday. The firm has a 50 day moving average price of $4.84 and a 200-day moving average price of $6.63. Hemisphere Media Group has a 52-week low of $3.58 and a 52-week high of $14.04. The firm has a market capitalization of $262.57 million, a price-to-earnings ratio of -7.33 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.72 and a current ratio of 1.72.

Hemisphere Media Group (NASDAQ:HMTV – Get Rating) last released its earnings results on Wednesday, March 16th. The company reported ($0.03) earnings per share (EPS) for the quarter. Hemisphere Media Group had a negative net margin of 17.17% and a negative return on equity of 14.03%. The business had revenue of $56.82 million for the quarter.

About Hemisphere Media Group (Get Rating)

Hemisphere Media Group, Inc operates as the Spanish-language media company. The company operates Pantaya, a subscription streaming service of Spanish-language media with approximately million subscribers; Cinelatino, a cable movie network with approximately 17.1 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; WAPA.TV, a news and entertainment website, as well as mobile apps, featuring content produced by WAPA; and WAPA Deportes, a sports television network in Puerto Rico.

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