Teachers Advisors LLC reduced its position in shares of Entravision Communications Corporation (NYSE:EVC) by 9.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 190,730 shares of the company’s stock after selling 19,380 shares during the period. Teachers Advisors LLC owned 0.21% of Entravision Communications Corporation worth $1,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kempen Capital Management N.V. boosted its position in shares of Entravision Communications Corporation by 44.5% in the first quarter. Kempen Capital Management N.V. now owns 116,408 shares of the company’s stock worth $722,000 after buying an additional 35,851 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Entravision Communications Corporation by 46.2% in the first quarter. Deprince Race & Zollo Inc. now owns 1,280,390 shares of the company’s stock worth $7,938,000 after buying an additional 404,771 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Entravision Communications Corporation by 13.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 39,757 shares of the company’s stock worth $246,000 after buying an additional 4,830 shares in the last quarter. American International Group Inc. boosted its position in shares of Entravision Communications Corporation by 7.1% in the first quarter. American International Group Inc. now owns 40,062 shares of the company’s stock worth $248,000 after buying an additional 2,650 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Entravision Communications Corporation by 23.9% in the first quarter. Victory Capital Management Inc. now owns 180,738 shares of the company’s stock worth $1,121,000 after buying an additional 34,908 shares in the last quarter. Institutional investors and hedge funds own 58.30% of the company’s stock.

Entravision Communications Corporation (NYSE:EVC) traded up 1.339% during mid-day trading on Wednesday, reaching $5.675. The company had a trading volume of 8,405 shares. The stock’s 50-day moving average is $6.24 and its 200 day moving average is $6.06. The firm has a market capitalization of $513.12 million, a P/E ratio of 28.375 and a beta of 1.50. Entravision Communications Corporation has a 12 month low of $4.90 and a 12 month high of $7.89.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 14th will be issued a $0.05 dividend. This is a positive change from Entravision Communications Corporation’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 3.57%. Entravision Communications Corporation’s dividend payout ratio is 61.90%.

Entravision Communications Corporation announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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A number of research analysts have recently weighed in on the company. BidaskClub cut Entravision Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Noble Financial restated a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, August 3rd. Macquarie restated a “hold” rating and issued a $7.00 price target on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Entravision Communications Corporation Company Profile

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.

Institutional Ownership by Quarter for Entravision Communications Corporation (NYSE:EVC)

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