Central European Media Enterprises Ltd. (NASDAQ:CETV) is now up 102.08% compared to a 12-month low of $2.40. We have seen the price to move 12.79% higher and get settled at $4.85 on 11/22/2017. At recent session, it appeared stuck in a range of $4.35 to $5.099. This company shares are -40.21% up from its target price of $2.9 and the current market capitalization stands at $694.96M. The recent change has given its price a 10.81% lead over SMA 50 and 0% deficit over its 52-week high. The stock witnessed 4.3% gains, 15.48% gains and 21.25% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CETV’s volatility during a week at 6.5% and during a month it has been found around 4.29%.Central European Media Enterprises Ltd. (CETV) Top Holders
Institutional investors currently hold around $181 million or 38.2% in CETV stock. Look at its top three institutional owners. Tcs Capital Management Llc owns $56.49 million in Central European Media Enterprises Ltd., which represents roughly 8.13% of the company’s market cap and approximately 31.21% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 4,419,534 shares of the stock are valued at $19 million. The third largest holder is Nn Investment Partners Holdings N.V., which currently holds $17.01 million worth of this stock and that ownership represents nearly 2.45% of its market capitalization.
At the end of September reporting period, 48 institutional holders increased their position in Central European Media Enterprises Ltd. (NASDAQ:CETV) by some 8,808,041 shares, 23 decreased positions by 9,878,601 and 14 held positions by 23,348,320. That puts total institutional holdings at 42,034,962 shares, according to SEC filings. The stock grabbed 13 new institutional investments totaling 833,415 shares while 5 institutional investors sold out their entire positions totaling 3,659,406 shares.Central European Media Enterprises Ltd. (NASDAQ:CETV) Insider Trades
Multiple company employees have indulged in significant insider trading. Central European Media Enterprises Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Tcs Global Equity Master Fund, has sold 5,000,000 shares of Central European Media Enterprises Ltd. (CETV) in trading session dated Jul. 10, 2017. These shares are worth $20,250,000 and were traded at $4.05 each. The SEC filing shows that Penn Daniel performed a sale of 17,200 shares. The EVP, General Counsel disposed these shares by way of transaction on Mar. 13, 2017. The company’s shares were given away at $3.04 per share worth to an income of some $52,288 on account of Penn Daniel.
EVP, General Counsel, Penn Daniel, sold 10,163 common shares of Central European Media Enterprises Ltd. (CETV) in the open market. In a transaction dated Mar. 07, 2017, the shares were put up for sale at an average price of $3.05, raking in a sum of $30,997. After this sale, 120,025 common shares of CETV are directly owned by the insider, with total stake valued at $582,121.
In the transaction dated Nov. 01, 2016, the great number of shares acquired came courtesy the 10% Owner; Tcs Global Equity Master Fund, added a total of 282,100 shares at an average price of $2.46, amounting to approximately $693,966. The insider now directly owns 18,137,023 shares worth $87,964,562.