BidaskClub upgraded shares of Hemisphere Media Group (NASDAQ:HMTV) from a hold rating to a buy rating in a research report released on Saturday, BidAskClub reports.

Separately, TheStreet upgraded Hemisphere Media Group from a c+ rating to a b- rating in a research note on Thursday, April 4th.

Shares of NASDAQ HMTV opened at $15.05 on Friday. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 0.87. Hemisphere Media Group has a twelve month low of $10.70 and a twelve month high of $15.18.

A number of hedge funds and other institutional investors have recently modified their holdings of HMTV. Metropolitan Life Insurance Co. NY increased its holdings in shares of Hemisphere Media Group by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,548 shares of the company’s stock valued at $79,000 after purchasing an additional 5,114 shares during the period. Bank of America Corp DE increased its holdings in shares of Hemisphere Media Group by 90.1% in the fourth quarter. Bank of America Corp DE now owns 10,844 shares of the company’s stock valued at $131,000 after purchasing an additional 5,139 shares during the period. Two Sigma Investments LP acquired a new position in shares of Hemisphere Media Group in the fourth quarter valued at approximately $165,000. MetLife Investment Advisors LLC acquired a new position in shares of Hemisphere Media Group in the third quarter valued at approximately $197,000. Finally, Rhumbline Advisers increased its holdings in shares of Hemisphere Media Group by 48.7% in the fourth quarter. Rhumbline Advisers now owns 24,160 shares of the company’s stock valued at $293,000 after purchasing an additional 7,913 shares during the period. Institutional investors own 30.25% of the company’s stock.

Hemisphere Media Group Company Profile

Hemisphere Media Group Inc, the Spanish-language media company, operates broadcast and cable television networks, and digital content platforms. It operates Cinelatino, a cable movie network with approximately 21 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.

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