Rhumbline Advisers raised its stake in shares of Entravision Communications Corporation (NYSE:EVC) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,507 shares of the company’s stock after buying an additional 4,039 shares during the quarter. Rhumbline Advisers owned about 0.09% of Entravision Communications Corporation worth $525,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Entravision Communications Corporation by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,884,215 shares of the company’s stock valued at $17,882,000 after buying an additional 68,388 shares during the period. Vanguard Group Inc. raised its stake in Entravision Communications Corporation by 11.4% during the 1st quarter. Vanguard Group Inc. now owns 2,808,188 shares of the company’s stock worth $17,412,000 after buying an additional 287,296 shares during the period. Raging Capital Management LLC raised its stake in Entravision Communications Corporation by 46.1% during the 1st quarter. Raging Capital Management LLC now owns 2,745,874 shares of the company’s stock worth $17,024,000 after buying an additional 866,811 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Entravision Communications Corporation by 2.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,110,000 shares of the company’s stock worth $13,926,000 after buying an additional 50,000 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Entravision Communications Corporation by 2.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,965,552 shares of the company’s stock worth $12,186,000 after buying an additional 47,700 shares during the period. Institutional investors own 58.30% of the company’s stock.

Entravision Communications Corporation (NYSE:EVC) opened at 5.70 on Tuesday. Entravision Communications Corporation has a 12-month low of $4.90 and a 12-month high of $7.74. The stock has a 50 day moving average of $5.64 and a 200 day moving average of $6.05. The firm has a market cap of $515.38 million, a PE ratio of 28.50 and a beta of 1.52.

Entravision Communications Corporation (NYSE:EVC) last posted 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 business had revenue of $70.51 million during the quarter, compared to the consensus estimate of $67.59 million. Entravision Communications Corporation had a return on equity of 10.05% and a net margin of 7.03%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. On average, equities research analysts anticipate that Entravision Communications Corporation will post $0.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 14th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, September 13th. This represents a $0.20 annualized dividend and a yield of 3.51%. This is a boost from Entravision Communications Corporation’s previous quarterly dividend of $0.03. Entravision Communications Corporation’s dividend payout ratio (DPR) is currently 95.24%.

Entravision Communications Corporation announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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In other Entravision Communications Corporation news, CRO Mario M. Carrera sold 70,702 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $5.63, for a total value of $398,052.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Christopher T. Young sold 14,616 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $5.55, for a total value of $81,118.80. The disclosure for this sale can be found here. Company insiders own 20.72% of the company’s stock.

EVC has been the topic of several recent analyst reports. ValuEngine upgraded Entravision Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded Entravision Communications Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Noble Financial restated a “buy” rating on shares of Entravision Communications Corporation in a report on Thursday, August 3rd. Macquarie reaffirmed a “hold” rating and set a $7.00 price target on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research raised Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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.

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

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