Victory Capital Management Inc. boosted its position in Entravision Communications Corp. (NYSE:EVC) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 102,316 shares of the company’s stock after buying an additional 3,195 shares during the period. Victory Capital Management Inc. owned about 0.11% of Entravision Communications Corp. worth $687,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Kempen Capital Management N.V. raised its stake in Entravision Communications Corp. by 161.7% in the first quarter. Kempen Capital Management N.V. now owns 45,394 shares of the company’s stock worth $338,000 after buying an additional 28,051 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in Entravision Communications Corp. by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 54,580 shares of the company’s stock worth $367,000 after buying an additional 10,230 shares during the last quarter. New Jersey Better Educational Savings Trust purchased a new stake in Entravision Communications Corp. during the second quarter worth $672,000. Prudential Financial Inc. raised its stake in Entravision Communications Corp. by 344.4% in the first quarter. Prudential Financial Inc. now owns 90,454 shares of the company’s stock worth $673,000 after buying an additional 70,100 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in Entravision Communications Corp. by 1.1% in the second quarter. California State Teachers Retirement System now owns 136,420 shares of the company’s stock worth $917,000 after buying an additional 1,459 shares during the last quarter. Hedge funds and other institutional investors own 58.10% of the company’s stock.
Shares of Entravision Communications Corp. (NYSE:EVC) traded up 1.38% during trading on Wednesday, reaching $7.37. 48,158 shares of the company’s stock traded hands. Entravision Communications Corp. has a 1-year low of $5.94 and a 1-year high of $9.55. The stock has a market capitalization of $659.89 million, a PE ratio of 29.48 and a beta of 2.21. The company has a 50 day moving average price of $7.55 and a 200 day moving average price of $7.31.
Entravision Communications Corp. (NYSE:EVC) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $64.82 million for the quarter, compared to analyst estimates of $63.38 million. Entravision Communications Corp. had a return on equity of 13.82% and a net margin of 8.96%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. On average, equities analysts forecast that Entravision Communications Corp. will post $0.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.0313 dividend. This represents a $0.13 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, September 13th. Entravision Communications Corp.’s dividend payout ratio is currently 54.17%.
Separately, Zacks Investment Research lowered shares of Entravision Communications Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 5th.
About Entravision Communications Corp.
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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