Hemisphere Media Group Inc. (HMTV): Luxor Unloads 2.80 Million Shares as Part of Agreement

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Christian Leone‘s Luxor Capital Group has further slashed its position in Hemisphere Media Group Inc (NASDAQ:HMTV), according to a recent 13D filing with the Securities and Exchange Commission. We reported in late-March that Luxor had unloaded 1.00 million shares of the stock, cutting its holding to 4.05 million shares, which it maintained through the end of March. Since then, Luxor has slashed another 2.80 million shares from its portfolio for $10.50 each as part of a Stock Repurchase & Lock-Up Agreement with the issuer, which is described in detail in item 4 of the filing. The sale of shares lowers Luxor’s position to just 1.25 million shares, which still represents 10.1% of the company’s stock.

Seven investment firms in our database were long Hemisphere Media Group Inc (NASDAQ:HMTV) at the end of March, unchanged from three months earlier. Jonathan Lennon’s Pleasant Lake Partners and Debra Fine’s Fine Capital Partners also held large positions in the stock on March 31. Shares of the media company have lost 25% year-to-date.

Christian Leone

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Luxor Capital Partners 0 626,292 0 626,292 626,292 5.1%
Luxor Wavefront 0 0 0 0 0 0%
Luxor Capital Partners Offshore Master Fund 0 618,887 0 618,887 618,887 5.0%
Luxor Capital Partners Offshore, Ltd 0 618,887 0 618,887 618,887 5.0%
Thebes Offshore Master Fund 0 0 0 0 0 0%
Thebes Partners Offshore, Ltd 0 0 0 0 0 0%
LCG Holdings 0 1,245,179 0 1,245,179 1,245,179 10.1%
Luxor Capital Group 0 1,245,179 0 1,245,179 1,245,179 10.1%
Luxor Management 0 1,245,179 0 1,245,179 1,245,179 10.1%
Christian Leone 0 1,245,179 0 1,245,179 1,245,179 10.1%

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Page 1 of 15 – SEC Filing

(RULE 13D – 101)
(Amendment No. 6)*
Hemisphere Media Group, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
(CUSIP Number)
Jamie Nash, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, New York, New York 10176
Tel:  (212) 986-6000
 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 8, 2016
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [  ].
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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