Entravision Communications Corporation (NYSE:EVC) CFO Christopher T. Young sold 14,616 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $5.55, for a total transaction of $81,118.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Entravision Communications Corporation (NYSE:EVC) traded up 0.89% on Wednesday, reaching $5.65. 86,646 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $6.24 and a 200-day moving average of $6.05. Entravision Communications Corporation has a 12 month low of $4.90 and a 12 month high of $7.89. The firm has a market capitalization of $510.86 million, a price-to-earnings ratio of 28.25 and a beta of 1.50.

Entravision Communications Corporation (NYSE:EVC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Entravision Communications Corporation had a net margin of 7.03% and a return on equity of 10.05%. The firm had revenue of $70.51 million during the quarter, compared to analyst estimates of $67.59 million. During the same period in the prior year, the company earned $0.06 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities analysts expect that Entravision Communications Corporation will post $0.15 earnings per share for the current year.

Entravision Communications Corporation announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 14th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, September 13th. This is a boost from Entravision Communications Corporation’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a yield of 3.54%. Entravision Communications Corporation’s dividend payout ratio is presently 61.90%.

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Hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its stake in shares of Entravision Communications Corporation by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 210,110 shares of the company’s stock valued at $1,471,000 after buying an additional 9,060 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Entravision Communications Corporation by 36.3% in the first quarter. Fisher Asset Management LLC now owns 253,007 shares of the company’s stock valued at $1,569,000 after buying an additional 67,435 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Entravision Communications Corporation by 18.5% in the first quarter. Wells Fargo & Company MN now owns 1,105,744 shares of the company’s stock valued at $6,856,000 after buying an additional 172,848 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Entravision Communications Corporation by 17.5% in the first quarter. American Century Companies Inc. now owns 6,072,286 shares of the company’s stock valued at $37,648,000 after buying an additional 906,364 shares during the last quarter. Finally, Falcon Point Capital LLC boosted its stake in shares of Entravision Communications Corporation by 7.3% in the first quarter. Falcon Point Capital LLC now owns 236,651 shares of the company’s stock valued at $1,467,000 after buying an additional 16,115 shares during the last quarter. Institutional investors and hedge funds own 58.30% of the company’s stock.

A number of research analysts have issued reports on EVC shares. Zacks Investment Research raised shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. BidaskClub raised shares of Entravision Communications Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Noble Financial reissued a “buy” rating on shares of Entravision Communications Corporation in a research note on Thursday, August 3rd. Finally, Macquarie reissued a “hold” rating and set a $7.00 target price on shares of Entravision Communications Corporation in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.00.

About Entravision Communications Corporation

Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.

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