American Century Companies Inc. boosted its stake in shares of Entravision Communication (NYSE:EVC) by 17.5% during the first quarter, Holdings Channel reports. The institutional investor owned 6,072,286 shares of the company’s stock after buying an additional 906,364 shares during the period. American Century Companies Inc. owned approximately 0.07% of Entravision Communication worth $37,648,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of EVC. Wells Fargo & Company MN increased its stake in shares of Entravision Communication by 18.5% in the first quarter. Wells Fargo & Company MN now owns 1,105,744 shares of the company’s stock valued at $6,856,000 after buying an additional 172,848 shares in the last quarter. NJ State Employees Deferred Compensation Plan increased its stake in shares of Entravision Communication by 35.0% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 270,000 shares of the company’s stock valued at $1,674,000 after buying an additional 70,000 shares in the last quarter. Supplemental Annuity Collective Trust of NJ purchased a new stake in shares of Entravision Communication during the first quarter valued at approximately $310,000. New Jersey Better Educational Savings Trust purchased a new stake in shares of Entravision Communication during the first quarter valued at approximately $459,000. Finally, Malaga Cove Capital LLC increased its stake in shares of Entravision Communication by 6.6% in the first quarter. Malaga Cove Capital LLC now owns 24,300 shares of the company’s stock valued at $149,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 61.67% of the company’s stock.
Shares of Entravision Communication (NYSE:EVC) traded down 1.79% during midday trading on Friday, hitting $5.50. 95,430 shares of the stock traded hands. Entravision Communication has a 1-year low of $4.90 and a 1-year high of $8.00. The company has a market capitalization of $496.87 million, a P/E ratio of 23.91 and a beta of 1.52. The stock has a 50 day moving average of $6.12 and a 200 day moving average of $6.16.
Entravision Communication (NYSE:EVC) last released its quarterly earnings data on Thursday, March 2nd. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $70.29 million for the quarter, compared to analyst estimates of $71.77 million. Entravision Communication had a return on equity of 11.23% and a net margin of 7.57%. Entravision Communication’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts predict that Entravision Communication will post $0.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.0313 dividend. This represents a $0.13 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, June 13th. Entravision Communication’s dividend payout ratio (DPR) is presently 65.00%.
Several equities research analysts have recently commented on the stock. Noble Financial restated a “buy” rating on shares of Entravision Communication in a research note on Thursday. Zacks Investment Research downgraded shares of Entravision Communication from a “hold” rating to a “sell” rating in a research note on Wednesday. Macquarie restated a “neutral” rating and issued a $7.00 target price on shares of Entravision Communication in a research note on Tuesday, April 18th. Finally, Wedbush downgraded shares of Entravision Communication from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $9.00 to $7.00 in a research note on Tuesday, January 17th.
Entravision Communication Company Profile
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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