Central European Media Enterprises Ltd. (NASDAQ:CETV) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) by 16.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 397,235 shares of the company’s stock after purchasing an additional 56,488 shares during the quarter. Bank of New York Mellon Corp owned 0.27% of Central European Media Enterprises worth $1,589,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rhumbline Advisers grew its position in Central European Media Enterprises by 9.7% in the second quarter. Rhumbline Advisers now owns 96,983 shares of the company’s stock valued at $388,000 after acquiring an additional 8,590 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Central European Media Enterprises during the second quarter worth approximately $440,000. Schwab Charles Investment Management Inc. grew its position in shares of Central European Media Enterprises by 16.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 332,543 shares of the company’s stock worth $1,331,000 after buying an additional 47,200 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Central European Media Enterprises by 71.0% during the first quarter. Goldman Sachs Group Inc. now owns 46,452 shares of the company’s stock worth $144,000 after buying an additional 19,287 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Central European Media Enterprises by 26.1% during the first quarter. Metropolitan Life Insurance Co. NY now owns 60,236 shares of the company’s stock worth $187,000 after buying an additional 12,480 shares in the last quarter. 28.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) opened at 4.60 on Friday. The firm has a market capitalization of $666.29 million, a price-to-earnings ratio of 184.00 and a beta of 0.98. The company has a 50-day moving average price of $4.30 and a 200 day moving average price of $4.12. Central European Media Enterprises Ltd. has a 12-month low of $2.25 and a 12-month high of $4.85.

Central European Media Enterprises (NASDAQ:CETV) last released its earnings results on Tuesday, October 24th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.07. The business had revenue of $119.43 million for the quarter. Central European Media Enterprises had a negative return on equity of 42.57% and a net margin of 4.70%. Equities research analysts expect that Central European Media Enterprises Ltd. will post $0.07 earnings per share for the current fiscal year.

Separately, BidaskClub upgraded Central European Media Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th.

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Central European Media Enterprises Profile

Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.

Institutional Ownership by Quarter for Central European Media Enterprises (NASDAQ:CETV)

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