California Public Employees Retirement System cut its position in shares of Entravision Communication (NYSE:EVC) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,100 shares of the company’s stock after selling 600 shares during the period. California Public Employees Retirement System’s holdings in Entravision Communication were worth $1,110,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in Entravision Communication by 17.1% in the first quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock worth $123,000 after buying an additional 2,900 shares in the last quarter. Malaga Cove Capital LLC increased its stake in Entravision Communication by 6.6% in the first quarter. Malaga Cove Capital LLC now owns 24,300 shares of the company’s stock worth $149,000 after buying an additional 1,500 shares in the last quarter. Parkwood LLC bought a new stake in Entravision Communication during the first quarter worth approximately $170,000. Engineers Gate Manager LP bought a new stake in Entravision Communication during the first quarter worth approximately $180,000. Finally, Trexquant Investment LP increased its stake in Entravision Communication by 151.6% in the first quarter. Trexquant Investment LP now owns 31,072 shares of the company’s stock worth $193,000 after buying an additional 18,720 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Entravision Communication (NYSE EVC) traded down 0.431% on Friday, reaching $5.775. The company’s stock had a trading volume of 81,412 shares. The stock has a market cap of $522.16 million, a price-to-earnings ratio of 28.875 and a beta of 1.50. The firm’s 50-day moving average price is $6.51 and its 200-day moving average price is $6.02. Entravision Communication has a 52-week low of $4.90 and a 52-week high of $7.89.

Entravision Communication (NYSE:EVC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Entravision Communication had a return on equity of 7.43% and a net margin of 5.05%. The business had revenue of $70.51 million during the quarter, compared to the consensus estimate of $67.59 million. During the same period last year, the business posted $0.06 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts expect that Entravision Communication will post $0.15 earnings per share for the current year.

Entravision Communication declared that its board has authorized a stock buyback program on Wednesday, August 2nd that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This is a positive change from Entravision Communication’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 3.45%. Entravision Communication’s dividend payout ratio (DPR) is 61.90%.

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A number of equities research analysts recently commented on EVC shares. Noble Financial reiterated a “buy” rating on shares of Entravision Communication in a report on Thursday, May 11th. BidaskClub downgraded Entravision Communication from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Macquarie reissued a “hold” rating and issued a $7.00 target price on shares of Entravision Communication in a research note on Monday, July 24th. Finally, Zacks Investment Research raised Entravision Communication from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $7.00.

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

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