Central European Media Enterprises Ltd. (NASDAQ:CETV) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Central European Media Enterprises Ltd. (NASDAQ:CETV) reported that Time Warner Inc. has picked up 268,192,241 of common stock as of 2017-03-16.

The acquisition brings the aggregate amount owned by Time Warner Inc. to a total of 268,192,241 representing a 76.6% stake in the company.

For those not familiar with the company, 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. The Bulgaria segment operated one general entertainment channel, BTV, and five other channels, including BTV CINEMA, BTV COMEDY, RING.BG, BTV ACTION and BTV LADY, as of December 31, 2016. The Croatia segment operated one general entertainment channel, NOVA TV (Croatia), as of December 31, 2016. The Czech Republic segment operated one general entertainment channel, TV NOVA (Czech Republic), as of December 31, 2016. The Romania segment operated one general entertainment channel, PRO TV, as of December 31, 2016. The Slovak Republic segment operated one general entertainment channel, TV MARKIZA, as of December 31, 2016.

A glance at Central European Media Enterprises Ltd. (NASDAQ:CETV)’s key stats reveals a current market capitalization of 444.70 Million based on 143.55 Million shares outstanding and a price at last close of $3.10 share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-01, Tcs picked up 43,000 at a purchase price of $2.46. This brings their total holding to 17,097,951 as of the date of the filing.

On the sell side, the most recent transaction saw Penn unload 17,200 shares at a sale price of $3.04. This brings their total holding to 149,643.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Central European Media Enterprises Ltd. (NASDAQ:CETV) as things move forward to see if its progress aligns with these transactions.

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