Columbia Partners L.L.C. Investment Management decreased its holdings in shares of Entravision Communication (NYSE:EVC) by 20.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,631 shares of the company’s stock after selling 74,225 shares during the quarter. Columbia Partners L.L.C. Investment Management owned 0.32% of Entravision Communication worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of EVC. Cadence Capital Management LLC purchased a new position in shares of Entravision Communication during the third quarter valued at $2,622,000. Dimensional Fund Advisors LP grew its holdings in shares of Entravision Communication by 10.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,477,878 shares of the company’s stock valued at $22,389,000 after buying an additional 417,779 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Entravision Communication by 102.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 672,336 shares of the company’s stock valued at $3,362,000 after buying an additional 340,554 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Entravision Communication during the third quarter valued at $1,282,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Entravision Communication by 101.7% during the third quarter. Alliancebernstein L.P. now owns 491,240 shares of the company’s stock valued at $2,407,000 after buying an additional 247,655 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.
A number of research firms recently issued reports on EVC. ValuEngine raised Entravision Communication from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised Entravision Communication from a “sell” rating to a “buy” rating and set a $5.50 price objective for the company in a research report on Wednesday, August 8th. Finally, Noble Financial reissued a “buy” rating on shares of Entravision Communication in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Entravision Communication has an average rating of “Hold” and an average target price of $5.75.
EVC opened at $3.23 on Monday. The firm has a market cap of $287.00 million, a P/E ratio of 1.87 and a beta of 1.18. Entravision Communication has a 1 year low of $3.19 and a 1 year high of $7.90. The company has a quick ratio of 5.44, a current ratio of 5.44 and a debt-to-equity ratio of 0.87.
Entravision Communication (NYSE:EVC) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $74.60 million for the quarter, compared to analyst estimates of $75.62 million. Entravision Communication had a net margin of 6.30% and a return on equity of 0.49%. Entravision Communication’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 EPS. As a group, analysts predict that Entravision Communication will post 0.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.20 dividend on an annualized basis and a yield of 6.19%. Entravision Communication’s payout ratio is 11.56%.
About Entravision Communication
Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.
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