Deprince Race & Zollo Inc. lowered its holdings in shares of Entravision Communication (NYSE:EVC) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,846,301 shares of the company’s stock after selling 422,433 shares during the period. Deprince Race & Zollo Inc. owned approximately 2.16% of Entravision Communication worth $5,760,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in EVC. RBF Capital LLC lifted its position in shares of Entravision Communication by 52.5% in the second quarter. RBF Capital LLC now owns 855,800 shares of the company’s stock worth $2,670,000 after buying an additional 294,529 shares during the last quarter. Northern Trust Corp lifted its position in shares of Entravision Communication by 0.9% in the second quarter. Northern Trust Corp now owns 788,130 shares of the company’s stock worth $2,460,000 after buying an additional 7,149 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of Entravision Communication by 25.6% in the second quarter. Ancora Advisors LLC now owns 120,712 shares of the company’s stock worth $377,000 after buying an additional 24,622 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Entravision Communication by 18.6% in the second quarter. Renaissance Technologies LLC now owns 1,630,852 shares of the company’s stock worth $5,088,000 after buying an additional 255,200 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Entravision Communication by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,067,410 shares of the company’s stock worth $3,330,000 after buying an additional 20,028 shares during the last quarter. 58.34% of the stock is currently owned by hedge funds and other institutional investors.
NYSE EVC opened at $3.35 on Thursday. Entravision Communication has a twelve month low of $2.41 and a twelve month high of $5.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 4.13 and a current ratio of 4.13. The stock has a market capitalization of $284.64 million, a PE ratio of 25.77 and a beta of 1.25. The stock has a 50-day simple moving average of $3.05 and a 200 day simple moving average of $3.18.
Entravision Communication (NYSE:EVC) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Entravision Communication had a positive return on equity of 4.59% and a negative net margin of 1.97%. The business had revenue of $69.24 million during the quarter. As a group, equities research analysts forecast that Entravision Communication will post 0.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 5.97%. Entravision Communication’s dividend payout ratio is presently 153.85%.
A number of analysts have weighed in on EVC shares. Noble Financial set a $6.00 price target on Entravision Communication and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine raised Entravision Communication from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut Entravision Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.
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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