Entravision Communications (NYSE:EVC) Shares Up 10.2% – Still a Buy?

Entravision Communications Corporation (NYSE:EVC) shot up 10.2% on Monday . The company traded as high as $8.02 and last traded at $7.8930. 1,234,522 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 935,641 shares. The stock had previously closed at $7.16.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Entravision Communications Stock Performance

The firm has a market cap of $811.55 million, a P/E ratio of -40.11 and a beta of 1.36. The stock’s 50 day moving average is $3.41 and its two-hundred day moving average is $3.06. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40.

Entravision Communications (NYSE:EVC) last posted its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $196.97 million for the quarter, compared to analysts’ expectations of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

Entravision Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.05 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.3%. Entravision Communications’s payout ratio is -90.91%.

Hedge Funds Weigh In On Entravision Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares in the last quarter. Rhumbline Advisers boosted its position in Entravision Communications by 7.1% in the second quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock valued at $212,000 after buying an additional 6,063 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Entravision Communications by 35.7% in the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after buying an additional 6,991 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Entravision Communications by 78.5% in the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock valued at $40,000 after buying an additional 7,642 shares in the last quarter. Finally, R Squared Ltd increased its stake in shares of Entravision Communications by 40.6% in the third quarter. R Squared Ltd now owns 26,963 shares of the company’s stock valued at $63,000 after buying an additional 7,784 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

About Entravision Communications

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.