TIAA CREF Investment Management LLC Increases Position in Hemisphere Media Group, Inc. (HMTV)

TIAA CREF Investment Management LLC boosted its stake in Hemisphere Media Group, Inc. (NASDAQ:HMTV) by 84.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,527 shares of the company’s stock after acquiring an additional 29,139 shares during the period. TIAA CREF Investment Management LLC owned about 0.15% of Hemisphere Media Group worth $753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMTV. Wells Fargo & Company MN lifted its position in Hemisphere Media Group by 39.6% in the second quarter. Wells Fargo & Company MN now owns 359,129 shares of the company’s stock valued at $4,256,000 after acquiring an additional 101,807 shares during the last quarter. Russell Investments Group Ltd. lifted its position in 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 acquiring an additional 34,118 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Hemisphere Media Group by 62.1% in the second quarter. Bank of New York Mellon Corp now owns 78,625 shares of the company’s stock valued at $932,000 after acquiring an additional 30,112 shares during the last quarter. Swiss National Bank purchased a new stake in Hemisphere Media Group in the second quarter valued at $346,000. Finally, Rhumbline Advisers purchased a new stake in Hemisphere Media Group in the second quarter valued at $207,000. 26.96% of the stock is owned by hedge funds and other institutional investors.

Shares of Hemisphere Media Group, Inc. (NASDAQ:HMTV) opened at $11.10 on Tuesday. Hemisphere Media Group, Inc. has a 1-year low of $10.75 and a 1-year high of $13.20. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 0.76. The company has a market cap of $475.06, a PE ratio of 30.14 and a beta of 0.44.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Hemisphere Media Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Royal Bank Of Canada reduced their price target on shares of Hemisphere Media Group from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th.

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About Hemisphere Media Group

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

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