Hemisphere Media Group Inc. (NASDAQ:HMTV) shares fell 2.5% during trading on Thursday . The stock traded as low as $12.89 and last traded at $13.00, with a volume of 62,618 shares. The stock had previously closed at $13.33.

Separately, Zacks Investment Research raised shares of Hemisphere Media Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th.

The stock has a 50 day moving average of $12.64 and a 200-day moving average of $12.34. The stock has a market cap of $547.56 million and a price-to-earnings ratio of 37.14.

In other Hemisphere Media Group news, major shareholder Luxor Capital Group, Lp sold 2,800,000 shares of Hemisphere Media Group stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $10.50, for a total value of $29,400,000.00. The sale was disclosed in a legal filing 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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