Dimensional Fund Advisors LP increased its position in Entravision Communications Corporation (NYSE:EVC) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 2,884,215 shares of the company’s stock after buying an additional 68,388 shares during the period. Dimensional Fund Advisors LP’s holdings in Entravision Communications Corporation were worth $17,882,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Entravision Communications Corporation by 17.5% in the first quarter. American Century Companies Inc. now owns 6,072,286 shares of the company’s stock worth $37,648,000 after buying an additional 906,364 shares during the period. State Street Corp increased its stake in Entravision Communications Corporation by 3.8% in the fourth quarter. State Street Corp now owns 1,099,342 shares of the company’s stock worth $7,698,000 after buying an additional 40,266 shares during the period. Malaga Cove Capital LLC increased its stake in Entravision Communications Corporation 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 during the period. Deprince Race & Zollo Inc. increased its stake in Entravision Communications Corporation by 46.2% in the first quarter. Deprince Race & Zollo Inc. now owns 1,280,390 shares of the company’s stock worth $7,938,000 after buying an additional 404,771 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in Entravision Communications Corporation by 4.1% in the first quarter. Gamco Investors INC. ET AL now owns 131,483 shares of the company’s stock worth $815,000 after buying an additional 5,122 shares during the period. 63.66% of the stock is owned by institutional investors.

Entravision Communications Corporation (EVC) traded up 2.59% during midday trading on Friday, hitting $5.95. 370,815 shares of the company were exchanged. The stock has a market capitalization of $537.99 million, a PE ratio of 29.75 and a beta of 1.50. The firm’s 50-day moving average price is $6.50 and its 200-day moving average price is $6.03. Entravision Communications Corporation has a one year low of $4.90 and a one year high of $7.89.

Entravision Communications Corporation (NYSE:EVC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.01. Entravision Communications Corporation had a return on equity of 10.05% and a net margin of 7.03%. The firm had revenue of $70.51 million for the quarter, compared to the consensus estimate of $67.59 million. During the same quarter in the previous year, the business posted $0.06 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that Entravision Communications Corporation will post $0.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.05 per share. This is a positive change from Entravision Communications Corporation’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.20 annualized dividend and a yield of 3.36%. Entravision Communications Corporation’s dividend payout ratio (DPR) is presently 61.90%.

Entravision Communications Corporation announced that its board has authorized a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: “Entravision Communications Corporation (EVC) Shares Bought by Dimensional Fund Advisors LP” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/13/entravision-communications-corporation-evc-shares-bought-by-dimensional-fund-advisors-lp.html.

A number of research firms recently weighed in on EVC. Noble Financial reissued a “buy” rating on shares of Entravision Communications Corporation in a research note on Thursday, May 11th. BidaskClub downgraded shares of Entravision Communications Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. Macquarie reissued a “hold” rating and set a $7.00 price target on shares of Entravision Communications Corporation in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of Entravision Communications Corporation 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 issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Entravision Communications Corporation 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.

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 Corporation (NYSE:EVC).

Institutional Ownership by Quarter for Entravision Communications Corporation (NYSE:EVC)

Receive News & Ratings for Entravision Communications Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entravision Communications Corporation and related companies with MarketBeat.com's FREE daily email newsletter.