Sunday, June 26, 2022

Taking a Closer Look At Hemisphere Media Group Inc. (HMTV) Following Its Recent Trade

In a filing, Hemisphere Media Group Inc. revealed its 10% Owner Fine Capital Partners, L.P. acquired Company’s shares for reported $55758.0 on May 06. In the deal valued at $3.72 per share,15,000 shares were bought. As a result of this transaction, Fine Capital Partners, L.P. now holds 3,415,930 shares worth roughly $ 23.19 million.

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Then, Fine Capital Partners, L.P. bought 12,000 shares, generating $47,965 in total proceeds. Upon buying the shares at $4.00, the 10% Owner now owns 3,400,930 shares.

Before that, Fine Capital Partners, L.P. bought 25,000 shares. Hemisphere Media Group Inc. shares valued at $99,698 were divested by the 10% Owner at a price of $3.99 per share. As a result of the transaction, Fine Capital Partners, L.P. now holds 3,388,930 shares, worth roughly $23.01 million.

As this happened, Wells Fargo initiated its Hemisphere Media Group Inc. [HMTV] rating to an Outperform in a research note published on Wednesday, October 14, 2019; the price target was $17. PT values the company’s stock at a premium of 60.06 to its Wednesday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who remained covering the stock and in early November has reiterated a ‘”an Outperform”‘ rating for it. RBC Capital Mkts began covering HMTV with a “an Outperform” recommendation on April 08, 2016. RBC Capital Mkts started covering the stock on July 21, 2015. It rated HMTV as “an Outperform”.

Price Performance Review of HMTV

On Wednesday, Hemisphere Media Group Inc. [NASDAQ:HMTV] saw its stock fall -0.59% to $6.79. On the same session, the stock had its day’s lowest price of $6.71, but rose to a high of $6.85. Over the last five days, the stock has lost -3.00%. Hemisphere Media Group Inc. shares have fallen nearly -6.60% since the year began. Nevertheless, the stocks have fallen -41.47% over the past one year. While a 52-week high of $13.19 was reached on 01/12/22, a 52-week low of $3.58 was recorded on 05/06/22. SMA at 50 days reached $5.59, while 200 days put it at $7.77. A total of 0.18 million shares were traded, compared to the trading of 0.19 million shares in the previous session.

Levels Of Support And Resistance For HMTV Stock

The 24-hour chart illustrates a support level at 6.72, which if violated will result in even more drops to 6.64. On the upside, there is a resistance level at 6.86. A further resistance level may holdings at 6.92. The Relative Strength Index (RSI) on the 14-day chart is 59.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.02%. Stochastics %K at 32.05% indicates the stock is a holding.

How much short interest is there in Hemisphere Media Group Inc.?

A steep rise in short interest was recorded in Hemisphere Media Group Inc. stocks on Apr 28, 2022, growing by 0.3 million shares to a total of 0.6 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 0.3 million shares. There was a rise of 49.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.16.

Hemisphere Media Group Inc. [HMTV] – Who Are The Largest Shareholders?

In filings from Fine Capital Partners LP, it is revealed that the company now owns 3,415,930 shares, or roughly 16.52% of the outstanding HMTV shares. In other words, the investor’s shares have risen by 1,371,028 from its previous 13-F filing of 2044902.0. Additionally, Edenbrook Capital LLC increased 11.69% of its stake after which the total value it holdings stand at $21,192,523, while AIG Asset Management reduced 0.00% of its stake to hold $6.64 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -42,176 shares of Hemisphere Media Group Inc., while Renaissance Technologies LLC sold 18,250 shares. At present, Columbia Management Investment Ad is holding 736,246 shares valued at $5.05 million. Dimensional Fund Advisors LP owned 669,377 shares of the company at the time of its most recent 13F filing, worth $4.59 million.

According to FactSet, Hemisphere Media Group Inc.’s share price will average $7.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 2.49 percent from its previous closing price of $6.83. Analysts expect Hemisphere Media Group Inc. stock to reach the higher price of $7.00, while the lowest price estimate is $7.00. However, 1 analysts have rated HMTV stock as a Hold in their predictions for 2022. The most recent change occurred on July 14, 2015 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.

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