Princeton Portfolio Strategies Group LLC raised its position in Entravision Communications Corporation (NYSE:EVC) by 71.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,356 shares of the company’s stock after purchasing an additional 26,456 shares during the period. Princeton Portfolio Strategies Group LLC owned 0.07% of Entravision Communications Corporation worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Entravision Communications Corporation by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 516,616 shares of the company’s stock valued at $3,203,000 after buying an additional 18,438 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of Entravision Communications Corporation by 151.6% in the 1st quarter. Trexquant Investment LP now owns 31,072 shares of the company’s stock valued at $193,000 after buying an additional 18,720 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Entravision Communications Corporation in the 1st quarter valued at $450,000. Prudential Financial Inc. boosted its holdings in shares of Entravision Communications Corporation by 17.1% in the 1st quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock valued at $123,000 after buying an additional 2,900 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Entravision Communications Corporation by 23.9% in the 1st quarter. Victory Capital Management Inc. now owns 180,738 shares of the company’s stock valued at $1,121,000 after buying an additional 34,908 shares in the last quarter. 58.30% of the stock is currently owned by institutional investors.

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

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

Shares of Entravision Communications Corporation (NYSE:EVC) traded down 0.87% during mid-day trading on Monday, reaching $5.70. 38,728 shares of the company were exchanged. Entravision Communications Corporation has a 12 month low of $4.90 and a 12 month high of $7.72. The firm has a market capitalization of $515.38 million, a price-to-earnings ratio of 28.50 and a beta of 1.52. The company’s 50-day moving average is $5.65 and its 200 day moving average is $6.04.

Entravision Communications Corporation (NYSE:EVC) last released its earnings results on Wednesday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing the 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 business had revenue of $70.51 million for the quarter, compared to the consensus estimate of $67.59 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts predict that Entravision Communications Corporation will post $0.15 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 14th were paid a dividend of $0.05 per share. This is a positive change from Entravision Communications Corporation’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.20 annualized dividend and a yield of 3.48%. Entravision Communications Corporation’s payout ratio is presently 95.24%.

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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.

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

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