Hemisphere Media Group Inc. (HMTV) Shares Down 2.5%
Hemisphere Media Group Inc. (NASDAQ:HMTV) shares traded down 2.5% during trading on Thursday . The company traded as low as $12.89 and last traded at $13.00, with a volume of 62,618 shares changing hands. The stock had previously closed at $13.33.
Separately, Zacks Investment Research lowered Hemisphere Media Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th.
The stock has a 50-day moving average of $12.67 and a 200 day moving average of $12.34. The stock has a market capitalization of $542.51 million and a PE ratio of 36.80.
In other Hemisphere Media Group news, major shareholder Luxor Capital Group, Lp sold 2,800,000 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $10.50, for a total transaction of $29,400,000.00. The sale was disclosed in a filing with the SEC, which is available at 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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