Central European Media Enterprises Ltd. (CETV) Stake Increased by Schwab Charles Investment Management Inc.

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Schwab Charles Investment Management Inc. lifted its stake in shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) by 17.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,416 shares of the company’s stock after buying an additional 66,430 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.18% of Central European Media Enterprises worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of Central European Media Enterprises by 109.3% during the second quarter. Sei Investments Co. now owns 34,136 shares of the company’s stock valued at $142,000 after acquiring an additional 17,824 shares in the last quarter. KBC Group NV increased its position in shares of Central European Media Enterprises by 151.7% during the second quarter. KBC Group NV now owns 349,309 shares of the company’s stock valued at $1,450,000 after acquiring an additional 210,512 shares in the last quarter. Pendal Group Ltd increased its position in shares of Central European Media Enterprises by 23.0% during the second quarter. Pendal Group Ltd now owns 378,067 shares of the company’s stock valued at $1,569,000 after acquiring an additional 70,586 shares in the last quarter. MetLife Investment Advisors LLC increased its position in shares of Central European Media Enterprises by 112.8% during the first quarter. MetLife Investment Advisors LLC now owns 40,414 shares of the company’s stock valued at $170,000 after acquiring an additional 21,426 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Central European Media Enterprises by 1.3% during the first quarter. BlackRock Inc. now owns 4,558,808 shares of the company’s stock valued at $19,145,000 after acquiring an additional 60,581 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Shares of CETV opened at $3.43 on Friday. The company has a market cap of $945.45 million, a P/E ratio of 28.85 and a beta of 1.34. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 7.91. Central European Media Enterprises Ltd. has a twelve month low of $3.36 and a twelve month high of $5.20.

Central European Media Enterprises (NASDAQ:CETV) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.05). The firm had revenue of $159.56 million for the quarter. Central European Media Enterprises had a net margin of 10.77% and a return on equity of 475.27%.

Separately, BidaskClub raised shares of Central European Media Enterprises from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 27th.

Central European Media Enterprises Profile

Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, and the Slovak Republic. It broadcasts a total of 26 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides premium television content through a series of portals, including Voyo, a subscription based video-on-demand service, and advertising supported catch-up services on its Websites.

See Also: Leveraged Buyout (LBO)

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

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