Hemisphere Media Group (NASDAQ:HMTV) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Wednesday.

Separately, Royal Bank Of Canada dropped their price objective on shares of Hemisphere Media Group from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th.

Hemisphere Media Group (NASDAQ HMTV) opened at $11.75 on Wednesday. Hemisphere Media Group has a 1-year low of $10.65 and a 1-year high of $13.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 6.48 and a quick ratio of 6.48. The company has a market cap of $483.26, a P/E ratio of 30.68 and a beta of 0.44.

Several institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. raised its stake in shares of Hemisphere Media Group by 10,011.7% during the third quarter. American International Group Inc. now owns 978,609 shares of the company’s stock valued at $11,694,000 after purchasing an additional 968,931 shares during the period. Schroder Investment Management Group raised its stake in shares of Hemisphere Media Group by 1.1% during the third quarter. Schroder Investment Management Group now owns 767,226 shares of the company’s stock valued at $9,360,000 after purchasing an additional 8,682 shares during the period. Vanguard Group Inc. raised its stake in shares of Hemisphere Media Group by 6.1% during the second quarter. Vanguard Group Inc. now owns 517,542 shares of the company’s stock valued at $6,133,000 after purchasing an additional 29,840 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of Hemisphere Media Group by 4.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 383,399 shares of the company’s stock valued at $4,582,000 after purchasing an additional 17,900 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Hemisphere Media Group by 4.9% during the third quarter. Nordea Investment Management AB now owns 383,399 shares of the company’s stock valued at $4,582,000 after purchasing an additional 17,900 shares during the period. Institutional investors own 31.74% of the company’s stock.

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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.

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