Engineers Gate Manager LP lessened its holdings in Entravision Communication (NYSE:EVC) by 53.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 49,728 shares of the company’s stock after selling 58,193 shares during the period. Engineers Gate Manager LP’s holdings in Entravision Communication were worth $234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Entravision Communication in the 4th quarter worth approximately $107,000. Virtu Financial LLC purchased a new stake in shares of Entravision Communication in the 4th quarter worth approximately $110,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Entravision Communication in the 4th quarter worth approximately $144,000. Teacher Retirement System of Texas purchased a new stake in shares of Entravision Communication in the 4th quarter worth approximately $161,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Entravision Communication in the 4th quarter worth approximately $173,000. 63.05% of the stock is owned by hedge funds and other institutional investors.

NYSE:EVC opened at $4.30 on Monday. Entravision Communication has a 52 week low of $4.00 and a 52 week high of $7.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 6.50 and a quick ratio of 6.50. The company has a market cap of $381.94 million, a P/E ratio of 2.53 and a beta of 1.36.

Entravision Communication (NYSE:EVC) last posted its earnings results on Wednesday, March 14th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). Entravision Communication had a net margin of 31.51% and a return on equity of 51.19%. The firm had revenue of $73.50 million for the quarter, compared to analysts’ expectations of $71.56 million. During the same period in the previous year, the company earned $0.08 EPS. The company’s revenue was up 4.6% on a year-over-year basis. equities analysts anticipate that Entravision Communication will post 0.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, June 14th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 4.65%. Entravision Communication’s payout ratio is 11.56%.

EVC has been the subject of several research reports. ValuEngine raised shares of Entravision Communication from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. TheStreet cut shares of Entravision Communication from a “b-” rating to a “c” rating in a research report on Friday, March 23rd. Noble Financial cut shares of Entravision Communication from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. Finally, Zacks Investment Research cut shares of Entravision Communication from a “hold” rating to a “sell” rating in a research report on Friday, March 16th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Entravision Communication has an average rating of “Hold” and an average target price of $7.00.

Entravision Communication Profile

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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Institutional Ownership by Quarter for Entravision Communication (NYSE:EVC)

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