Hemisphere Media Group (NASDAQ:HMTV) Sees Strong Trading Volume

Shares of Hemisphere Media Group, Inc. (NASDAQ:HMTV) saw unusually-strong trading volume on Thursday . Approximately 6,440 shares traded hands during trading, a decline of 82% from the previous session’s volume of 36,782 shares.The stock last traded at $12.87 and had previously closed at $11.98.

The firm has a fifty day simple moving average of $12.05. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.93.

Hemisphere Media Group (NASDAQ:HMTV) last released its quarterly earnings results on Wednesday, May 5th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $37.58 million during the quarter. Hemisphere Media Group had a return on equity of 4.56% and a net margin of 26.58%.

A number of large investors have recently made changes to their positions in the business. Citigroup Inc. boosted its position in shares of Hemisphere Media Group by 225.1% in the fourth quarter. Citigroup Inc. now owns 3,293 shares of the company’s stock worth $34,000 after buying an additional 2,280 shares during the period. BNP Paribas Arbitrage SA boosted its position in Hemisphere Media Group by 91.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,957 shares of the company’s stock worth $93,000 after acquiring an additional 3,810 shares during the period. UBS Group AG increased its holdings in shares of Hemisphere Media Group by 182.3% in the 1st quarter. UBS Group AG now owns 10,233 shares of the company’s stock valued at $119,000 after purchasing an additional 6,608 shares during the period. Equitable Trust Co. purchased a new position in Hemisphere Media Group during the first quarter valued at approximately $136,000. Finally, The Manufacturers Life Insurance Company increased its stake in Hemisphere Media Group by 9.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 12,326 shares of the company’s stock valued at $144,000 after buying an additional 1,048 shares during the period. 31.39% of the stock is currently owned by institutional investors.

Hemisphere Media Group Company Profile (NASDAQ:HMTV)

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 17.9 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; WAPA.TV, a news and entertainment website, as well as mobile apps, featuring content produced by WAPA; and WAPA Deportes, a sports television network in Puerto Rico.

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