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Hemisphere Media Group (HMTV) in Focus: Stock Jumps 6%
Hemisphere Media Group, Inc. was a big mover last session, as the company saw its shares rise almost 6% on the day. The stock price rallied after the company repurchased 2.8 million shares from Luxor Capital Group. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.47 to $11.28 since May 17.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Hemisphere Media Group has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the CATV Systems Industry is Cable ONE, Inc. (CABO - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is HMTV going up? Or down? Predict to see what others think: Up or Down
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