Entravision Communication (NYSE:EVC) Trading 5.4% Higher

Entravision Communication (NYSE:EVC) shares traded up 5.4% during trading on Friday . The stock traded as high as $3.15 and last traded at $3.12. 712,813 shares changed hands during mid-day trading, an increase of 117% from the average session volume of 328,778 shares. The stock had previously closed at $2.96.

Several research analysts recently commented on the company. Zacks Investment Research upgraded Entravision Communication from a “sell” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Tuesday, May 21st. Noble Financial reiterated a “buy” rating and issued a $6.00 price target on shares of Entravision Communication in a research report on Friday, May 10th.

The company has a market cap of $266.50 million, a P/E ratio of 22.29 and a beta of 1.19. The company has a current ratio of 4.35, a quick ratio of 4.35 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $3.01.

Entravision Communication (NYSE:EVC) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The company had revenue of $64.68 million during the quarter. Entravision Communication had a return on equity of 3.82% and a net margin of 5.21%. On average, sell-side analysts expect that Entravision Communication will post 0.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.20 annualized dividend and a yield of 6.41%. Entravision Communication’s dividend payout ratio is currently 153.85%.

In other news, Director Gilbert R. Vasquez acquired 100,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $3.07 per share, with a total value of $307,000.00. Following the completion of the purchase, the director now directly owns 415,169 shares in the company, valued at $1,274,568.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gilbert R. Vasquez acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was purchased at an average cost of $3.25 per share, with a total value of $48,750.00. The disclosure for this purchase can be found here. Company insiders own 22.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY bought a new stake in Entravision Communication in the first quarter worth about $60,000. MetLife Investment Advisors LLC bought a new stake in Entravision Communication in the first quarter worth about $102,000. Group One Trading L.P. lifted its stake in Entravision Communication by 206.6% in the first quarter. Group One Trading L.P. now owns 8,220 shares of the company’s stock worth $27,000 after purchasing an additional 15,929 shares during the last quarter. Apollo Management Holdings L.P. bought a new stake in Entravision Communication in the first quarter worth about $486,000. Finally, AJO LP lifted its stake in Entravision Communication by 313.7% in the first quarter. AJO LP now owns 360,782 shares of the company’s stock worth $1,169,000 after purchasing an additional 273,565 shares during the last quarter. 58.61% of the stock is owned by institutional investors and hedge funds.

Entravision Communication Company Profile (NYSE:EVC)

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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