Bank of New York Mellon Corp Acquires 50,554 Shares of Entravision Communication (EVC)

Bank of New York Mellon Corp increased its holdings in shares of Entravision Communication (NYSE:EVC) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,026,154 shares of the company’s stock after acquiring an additional 50,554 shares during the quarter. Bank of New York Mellon Corp owned about 1.15% of Entravision Communication worth $5,028,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ClariVest Asset Management LLC purchased a new position in Entravision Communication during the third quarter worth about $216,000. Acadian Asset Management LLC raised its stake in Entravision Communication by 11.1% during the third quarter. Acadian Asset Management LLC now owns 967,387 shares of the company’s stock worth $4,740,000 after purchasing an additional 96,634 shares during the period. WBI Investments Inc. purchased a new position in Entravision Communication during the third quarter worth about $1,067,000. Alliancebernstein L.P. raised its stake in Entravision Communication by 101.7% during the third quarter. Alliancebernstein L.P. now owns 491,240 shares of the company’s stock worth $2,407,000 after purchasing an additional 247,655 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in Entravision Communication during the third quarter worth about $1,282,000. Hedge funds and other institutional investors own 60.27% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Entravision Communication from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Monday, December 24th. ValuEngine downgraded shares of Entravision Communication from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. Finally, Noble Financial reaffirmed a “buy” rating and set a $6.00 target price on shares of Entravision Communication in a research note on Sunday, December 23rd. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. Entravision Communication presently has an average rating of “Buy” and a consensus target price of $4.50.

Shares of EVC stock opened at $3.86 on Thursday. The company has a current ratio of 5.44, a quick ratio of 5.44 and a debt-to-equity ratio of 0.87. Entravision Communication has a 12 month low of $2.56 and a 12 month high of $7.10. The stock has a market cap of $329.65 million, a price-to-earnings ratio of 2.23 and a beta of 1.47.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2019/02/14/bank-of-new-york-mellon-corp-acquires-50554-shares-of-entravision-communication-evc.html.

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.

Further Reading: Quiet Period Expirations Explained

Institutional Ownership by Quarter for Entravision Communication (NYSE:EVC)

Receive News & Ratings for Entravision Communication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entravision Communication and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply