Important 13DG Filing: Why Edenbrook Capital Reported Big Hemisphere Media Group, Inc Position?

Important 13DG Filing: Why Edenbrook Capital Reported Big Hemisphere Media Group, Inc Position?

The New Edenbrook Capital Holding in Hemisphere Media Group, Inc

Edenbrook Capital filed with the SEC SC 13D/A form for Hemisphere Media Group, Inc. The form can be accessed here: 000091957416016150. As reported in Edenbrook Capital’s form, the filler as of late owns 3.00% or 655,621 shares of the Conglomerates–company.

Hemisphere Media Group, Inc stake is a new one for the and it was filed because of activity on November 8, 2016. We feel this shows Edenbrook Capital’s positive view for the stock.

Reasons Why Edenbrook Capital Bought – Hemisphere Media Group, Inc Stock

Purpose of Transaction

The Reporting Persons hold the securities described in Item 5 of this statement for investment purposes only.

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D except as set forth herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, making proposals to the Issuer concerning changes to the capitalization, ownership structure or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares or changing their intention with respect to any and all matters referred to in Item 4.

Hemisphere Media Group, Inc Institutional Sentiment

Latest Security and Exchange filings show 49 investors own Hemisphere Media Group, Inc. The institutional ownership in Q3 2015 is low, at 134.21% of the outstanding shares. This is increased by 4079837 the total institutional shares. 16601273 were the shares owned by these institutional investors. In total 7 funds opened new Hemisphere Media Group, Inc stakes, 18 increased stakes. There were 6 that closed positions and 17 reduced them.

Pembroke Management Ltd is an institutional investor bullish on Hemisphere Media Group, Inc, owning 286800 shares as of Q3 2015 for 0.29% of its portfolio. Charles Davidson Wexford Capital Lp owns 605661 shares or 1.59% of its portfolio. NY Fine Capital Partners Lp have 2.09% of their stock portfolio for 1561955 shares. Further, Luxor Capital Group Lp reported stake worth 1.57% of its US stock portfolio. The NY Pleasant Lake Partners Llc owns 1996080 shares. Hemisphere Media Group, Inc is 14.43% of the manager’s US portfolio.

Business Profile

Hemisphere Media Group, Inc. is the United States Spanish-language media company. The Company serves the United States Hispanic and Latin American markets. It operates through Hemisphere segment. It owns and operates the Spanish language networks and content production platform, including movie and telenovela channels, over two Hispanic entertainment genres and the cable television networks. The Company’s networks include Cine Latino, Inc. (Cinelatino), Televicentro of Puerto Rico, LLC (WAPA), WAPA America, Inc. (WAPA America), HMTV Pasiones US, LLC and HMTV Pasiones LatAm, LLC (collectively, Pasiones), HMTV Centroamerica TV, LLC (Centroamerica TV) and HMTV TV Dominicana, LLC (Television Dominicana). WAPA is an independent broadcast television network. WAPA America is a Spanish-language cable television network. Cinelatino is the Spanish-language cable movie network. Pasiones focuses on the program genres among Hispanics, telenovelas.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 1.87, from 2.73 in 2016Q1. The ratio dropped, as 5 funds sold all Hemisphere Media Group Inc shares owned while 23 reduced positions. 8 funds bought stakes while 16 increased positions. They now own 7.96 million shares or 34.60% less from 12.17 million shares in 2016Q1.

Ranger Inv L P, a Texas-based fund reported 32,410 shares. Js Mngmt Ltd Company has 0.13% invested in the company for 55,067 shares. Bank & Trust Of Montreal Can has 4,653 shares for 0% of their US portfolio. The United Kingdom-based Barclays Public Limited Co has invested 0% in Hemisphere Media Group Inc (NASDAQ:HMTV). New York State Common Retirement Fund last reported 9,200 shares in the company. Kirr Marbach Ltd Liability Corp In accumulated 30,020 shares or 0.08% of the stock. Commercial Bank Of New York Mellon Corporation has 0% invested in the company for 36,629 shares. The California-based Blackrock Fund Advsrs has invested 0% in Hemisphere Media Group Inc (NASDAQ:HMTV). Pembroke Mngmt has 1.34% invested in the company for 1.24M shares. Citigroup last reported 0% of its portfolio in the stock. Blackrock Mgmt Ltd Liability Corporation holds 0% or 33,016 shares in its portfolio. Luxor Group Limited Partnership holds 1.25 million shares or 0.37% of its portfolio. Manufacturers Life The has 0% invested in the company for 1,617 shares. Schwab Charles Inv Inc last reported 0% of its portfolio in the stock. California State Teachers Retirement last reported 13,739 shares in the company.

Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 1 sale for $29.40 million net activity. On Wednesday, June 8 the insider Luxor Capital Group – LP sold $29.40 million.

Analysts await Hemisphere Media Group Inc (NASDAQ:HMTV) to report earnings on November, 14. They expect $0.09 EPS, up 28.57% or $0.02 from last year’s $0.07 per share. HMTV’s profit will be $3.82M for 32.92 P/E if the $0.09 EPS becomes a reality. After $0.12 actual EPS reported by Hemisphere Media Group Inc for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

The stock decreased 0.42% or $0.05 during the last trading session, hitting $11.85. Hemisphere Media Group Inc (NASDAQ:HMTV) has declined 7.85% since April 7, 2016 and is downtrending. It has underperformed by 12.64% the S&P500.

Hemisphere Media Group, Inc. is the United States Spanish-language media company. The company has a market cap of $502.37 million. The Firm serves the United States Hispanic and Latin American markets. It has a 30.49 P/E ratio. It operates through Hemisphere segment.

More notable recent Hemisphere Media Group Inc (NASDAQ:HMTV) news were published by: Businesswire.com which released: “Hemisphere Media Group Announces Participation in RBC Capital Markets …” on November 02, 2016, also Businesswire.com with their article: “Hemisphere Media Group Announces Participation in UBS Global Media and …” published on December 01, 2015, Businesswire.com published: “Hemisphere Media Group to Host Third Quarter 2016 Financial Results Conference …” on October 31, 2016. More interesting news about Hemisphere Media Group Inc (NASDAQ:HMTV) were released by: Businesswire.com and their article: “Hemisphere Media Group Announces Third Quarter 2016 Financial Results” published on November 04, 2016 as well as Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: April 24, 2013.

According to Zacks Investment Research, “Hemisphere Media Group, Inc. operates as an U.S. Hispanic TV/cable networks and content platform. It owns and operates Cinelatino, WAPA Television and WAPA America. Cinelatino is a Spanish-language cable movie network. WAPA America is a Spanish-language cable network tar-geting Puerto Ricans and other Caribbean Hispanics living in the U.S. WAPA TV is a broadcast television network and content producer in Puerto Rico. Hemisphere Media Group, Inc. is headquartered in Miami, Florida.”

HMTV Company Profile

Hemisphere Media Group, Inc., incorporated on January 16, 2013, is the United States Spanish-language media company. The Firm operates through Hemisphere segment. The Firm serves the United States Hispanic and Latin American markets with over five Spanish-language cable television networks distributed in the United States, over two Spanish-language cable television networks distributed in Latin America, and a broadcast television network in Puerto Rico. The Firm owns and operates the Spanish language networks and content production platform, including movie and telenovela channels, over two Hispanic entertainment genres and the cable television networks. The Company’s networks include Cine Latino, Inc. (Cinelatino), Televicentro of Puerto Rico, LLC (WAPA), WAPA America, Inc. (WAPA America), HMTV Pasiones US, LLC and HMTV Pasiones LatAm, LLC (collectively, Pasiones), HMTV Centroamerica TV, LLC (Centroamerica TV) and HMTV TV Dominicana, LLC (Television Dominicana).

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