Stock of the Day: Spanish Broadcasting System Inc Stock in Q2 2016 Driven by Institutional Investors

November 17, 2016 - By Richard Conner   ·   0 Comments

Stock of the Day: Spanish Broadcasting System Inc Stock  in  Q2 2016 Driven by Institutional Investors

Sentiment for Spanish Broadcasting System Inc (NASDAQ:SBSA)

Spanish Broadcasting System Inc (NASDAQ:SBSA) institutional sentiment decreased to 0.8 in 2016 Q2. Its down -0.45, from 1.25 in 2016Q1. The ratio dropped, as 4 institutional investors increased or started new equity positions, while 5 decreased and sold their holdings in Spanish Broadcasting System Inc. The institutional investors in our partner’s database reported: 1.67 million shares, down from 1.67 million shares in 2016Q1. Also, the number of institutional investors holding Spanish Broadcasting System Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 3 Increased: 3 New Position: 1.

Spanish Broadcasting System, Inc. is a Spanish-language media and entertainment firm with radio and/or television stations in the United States Hispanic markets, including Puerto Rico. The company has a market cap of $21.16 million. The Firm operates in two divisions: radio and television. It currently has negative earnings. The Firm owns and operates radio stations in approximately six Hispanic markets in the United States: Los Angeles, New York, Puerto Rico, Chicago, Miami and San Francisco.

About 1,932 shares traded hands. Spanish Broadcasting System Inc (NASDAQ:SBSA) has 0.00% since April 15, 2016 and is . It has underperformed by 4.62% the S&P500.

Analysts await Spanish Broadcasting System Inc (NASDAQ:SBSA) to report earnings on November, 21.

According to Zacks Investment Research, “Spanish Broadcasting System, Inc. is one of the leading Spanish-language radio broadcasting companies in the United States. The company owns and operates major market FM radio stations in Los Angeles, New York, Chicago and Miami. The Company also owns and operates FM stations in Key Largo and Key West, Florida.”

Kellner Capital Llc holds 0.32% of its portfolio in Spanish Broadcasting System Inc for 129,503 shares. Third Avenue Management Llc owns 639,603 shares or 0.1% of their US portfolio. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.02% invested in the company for 10,030 shares. The New York-based Bbr Partners Llc has invested 0.01% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 400 shares.#img1#

SBSA Company Profile

Spanish Broadcasting System, Inc. (SBS), incorporated on June 1, 1994, is a Spanish-language media and entertainment firm with radio and/or television stations in the United States Hispanic markets, including Puerto Rico. The Firm operates in two divisions: radio and television. The Firm produces and distributes original Spanish-language content, including radio programs, television shows, music and live entertainment through its multi-media platforms. It also maintains multiple bilingual Websites, including www.lamusica.com, Mega.tv and various station Websites that provide content related to Latin music, entertainment, news and culture, as well as the LaMusica mobile application. LaMusica also streams the Company’s stations’ content. In addition, it produces live concerts and events in the United States and Puerto Rico.

More notable recent Spanish Broadcasting System Inc (NASDAQ:SBSA) news were published by: Globenewswire.com which released: “Spanish Broadcasting System, Inc. Reports Results for the Third Quarter 2016” on November 14, 2016, also Marketwatch.com with their article: “Spanish Broadcasting System Inc. Cl A” published on June 25, 2009, Globenewswire.com published: “Spanish Broadcasting System Schedules Second Quarter 2016 Conference Call” on August 15, 2016. More interesting news about Spanish Broadcasting System Inc (NASDAQ:SBSA) were released by: Prnewswire.com and their article: “Spanish Broadcasting System Announces Juan A. Garcia Has Joined The Company” published on February 17, 2016 as well as Prnewswire.com‘s news article titled: “Spanish Broadcasting System Appoints Eric Garcia to Radio Revenue Chief …” with publication date: October 21, 2014.

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By Richard Conner

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