Is Hemisphere Media Group Inc (HMTV) A Good Stock To Buy?

Since Hemisphere Media Group Inc (NASDAQ:HMTV) has sustained declining sentiment from the aggregate hedge fund industry, it’s easy to see that there were a few hedgies that elected to cut their positions entirely last quarter. At the top of the heap, David Atterbury’s Whetstone Capital Advisors cashed in the largest position of all the hedgies studied by Insider Monkey, valued at about $7.8 million in call options, and Jonathan Soros’s JS Capital was right behind this move, as the fund dumped about $0.7 million worth of shares.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Hemisphere Media Group Inc (NASDAQ:HMTV) but similarly valued. We will take a look at Bryn Mawr Bank Corp. (NASDAQ:BMTC), Triple-S Management Corp.(NYSE:GTS), Bellicum Pharmaceuticals Inc (NASDAQ:BLCM), and Heritage Financial Corporation (NASDAQ:HFWA). This group of stocks’ market valuations are closest to HMTV’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BMTC 11 43505 3
GTS 10 88928 -3
BLCM 3 104833 -1
HFWA 12 23687 -1

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $65 million. That figure was $57 million in HMTV’s case. Heritage Financial Corporation (NASDAQ:HFWA) is the most popular stock in this table. On the other hand Bellicum Pharmaceuticals Inc (NASDAQ:BLCM) is the least popular one with only 3 bullish hedge fund positions. Hemisphere Media Group Inc (NASDAQ:HMTV) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard HFWA might be a better candidate to consider taking a long position in.

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