Honeywell International Inc. maintained its stake in shares of Hemisphere Media Group, Inc. (NASDAQ:HMTV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 930,913 shares of the company’s stock at the end of the second quarter. Honeywell International Inc. owned about 2.18% of Hemisphere Media Group worth $11,031,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HMTV. Russell Investments Group Ltd. boosted its stake in shares of Hemisphere Media Group by 170.7% in the second quarter. Russell Investments Group Ltd. now owns 54,100 shares of the company’s stock valued at $641,000 after buying an additional 34,118 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Hemisphere Media Group by 14.2% in the first quarter. Geode Capital Management LLC now owns 94,714 shares of the company’s stock valued at $1,112,000 after buying an additional 11,790 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Hemisphere Media Group by 0.5% in the first quarter. Schroder Investment Management Group now owns 749,146 shares of the company’s stock valued at $8,915,000 after buying an additional 3,668 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Hemisphere Media Group by 6.9% in the first quarter. Nordea Investment Management AB now owns 365,499 shares of the company’s stock valued at $4,295,000 after buying an additional 23,700 shares during the last quarter. Finally, Oxford Asset Management boosted its stake in shares of Hemisphere Media Group by 10.9% in the first quarter. Oxford Asset Management now owns 20,834 shares of the company’s stock valued at $245,000 after buying an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

Shares of Hemisphere Media Group, Inc. (NASDAQ:HMTV) opened at 12.70 on Tuesday. The firm has a 50-day moving average of $11.90 and a 200 day moving average of $11.53. The stock has a market cap of $541.99 million, a PE ratio of 28.86 and a beta of 0.46. Hemisphere Media Group, Inc. has a 52 week low of $10.75 and a 52 week high of $13.40.

Hemisphere Media Group declared that its board has initiated a stock buyback plan on Tuesday, June 20th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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Several brokerages have commented on HMTV. BidaskClub upgraded shares of Hemisphere Media Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price target on shares of Hemisphere Media Group in a research note on Tuesday, April 11th. Finally, ValuEngine upgraded shares of Hemisphere Media Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th.

Hemisphere Media Group Company Profile

Hemisphere Media Group, Inc is a Spanish-language media company. As of December 31, 2016, the Company served the United States Hispanic and Latin American markets with five Spanish-language cable television networks distributed in the United States, two Spanish-language cable television networks distributed in Latin America, and a broadcast television network in Puerto Rico.

Institutional Ownership by Quarter for Hemisphere Media Group (NASDAQ:HMTV)

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