Sei Investments Co. cut its holdings in Entravision Communications Co. (NYSE:EVC – Get Rating) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 976,611 shares of the company’s stock after selling 80,770 shares during the period. Sei Investments Co. owned approximately 1.15% of Entravision Communications worth $4,688,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. acquired a new position in shares of Entravision Communications during the 4th quarter worth approximately $1,786,000. Bank of Montreal Can acquired a new stake in Entravision Communications during the third quarter worth approximately $1,187,000. Fisher Asset Management LLC bought a new position in Entravision Communications during the 4th quarter worth $1,040,000. AQR Capital Management LLC raised its holdings in Entravision Communications by 97.3% in the 2nd quarter. AQR Capital Management LLC now owns 295,896 shares of the company’s stock valued at $1,349,000 after acquiring an additional 145,960 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Entravision Communications by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,744 shares of the company’s stock worth $17,331,000 after purchasing an additional 119,493 shares in the last quarter. 56.35% of the stock is owned by institutional investors.
Insider Buying and Selling at Entravision Communications
In related news, CEO Christopher T. Young acquired 10,510 shares of Entravision Communications stock in a transaction dated Thursday, May 25th. The shares were purchased at an average cost of $4.10 per share, with a total value of $43,091.00. Following the completion of the purchase, the chief executive officer now owns 465,510 shares of the company’s stock, valued at $1,908,591. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 7.99% of the company’s stock.
Wall Street Analyst Weigh In
Entravision Communications Trading Up 0.6 %
Shares of EVC stock opened at $4.40 on Tuesday. The stock’s fifty day simple moving average is $5.42 and its 200 day simple moving average is $5.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.72. Entravision Communications Co. has a twelve month low of $3.96 and a twelve month high of $7.32. The firm has a market capitalization of $385.49 million, a P/E ratio of 20.93 and a beta of 1.13.
Entravision Communications (NYSE:EVC – Get Rating) last issued its earnings results on Thursday, March 9th. The company reported $0.05 EPS for the quarter. Entravision Communications had a return on equity of 9.52% and a net margin of 1.83%. The company had revenue of $296.33 million during the quarter. As a group, sell-side analysts predict that Entravision Communications Co. will post 0.26 EPS for the current fiscal year.
Entravision Communications Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.55%. The ex-dividend date is Thursday, June 15th. Entravision Communications’s dividend payout ratio is currently 95.24%.
Entravision Communications Profile
Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. It operates through the following segments: Television Broadcasting, Radio Broadcasting, and Digital Media. The Television Broadcasting segment offers an entertainment, news, and national news magazine, as well as local news produced by its TV stations.
Featured Stories
- Get a free copy of the StockNews.com research report on Entravision Communications (EVC)
- Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
- Sleeper AI-Play MongoDB Could Triple In Size
- SunCar Technology Stock Overheats…Will it Rise Again?
- OPEC Meeting: Is Saudi Arabia Trying to Squeeze the Oil Market?
- Buffett-Backed BYD Caught In The Chinese Government’s Stimulus
Want to see what other hedge funds are holding EVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entravision Communications Co. (NYSE:EVC – Get Rating).
Receive News & Ratings for Entravision Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entravision Communications and related companies with MarketBeat.com's FREE daily email newsletter.
