Hemisphere Media Group Inc. (HMTV) Sees Strong Trading Volume
Hemisphere Media Group Inc. (NASDAQ:HMTV) shares saw unusually-high trading volume on Monday . Approximately 137,941 shares were traded during trading, an increase of 170% from the previous session’s volume of 51,015 shares.The stock last traded at $12.55 and had previously closed at $12.69.
HMTV has been the topic of a number of research reports. Royal Bank Of Canada initiated coverage on shares of Hemisphere Media Group in a report on Thursday, April 7th. They set an “outperform” rating and a $17.00 target price on the stock. Zacks Investment Research lowered shares of Hemisphere Media Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd.
The company’s 50 day moving average price is $11.68 and its 200 day moving average price is $12.50. The stock has a market cap of $568.03 million and a P/E ratio of 40.65.
In other news, major shareholder Luxor Capital Group, Lp sold 2,800,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $10.50, for a total value of $29,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hemisphere Media Group, Inc is the United States Spanish-language media company. The Company serves the United States Hispanic and Latin American markets. It operates through Hemisphere segment. It owns and operates the Spanish language networks and content production platform, including movie and telenovela channels, over two Hispanic entertainment genres and the cable television networks.
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