Victory Capital Management Inc. grew its stake in shares of Entravision Communications Corporation (NYSE:EVC) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 189,388 shares of the company’s stock after buying an additional 8,650 shares during the quarter. Victory Capital Management Inc. owned 0.29% of Entravision Communications Corporation worth $1,250,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Entravision Communications Corporation by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,884,215 shares of the company’s stock valued at $17,882,000 after buying an additional 68,388 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Entravision Communications Corporation by 11.4% during the 1st quarter. Vanguard Group Inc. now owns 2,808,188 shares of the company’s stock valued at $17,412,000 after buying an additional 287,296 shares in the last quarter. Raging Capital Management LLC raised its position in shares of Entravision Communications Corporation by 46.1% during the 1st quarter. Raging Capital Management LLC now owns 2,745,874 shares of the company’s stock valued at $17,024,000 after buying an additional 866,811 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Entravision Communications Corporation by 2.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,110,000 shares of the company’s stock valued at $13,926,000 after buying an additional 50,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Entravision Communications Corporation by 2.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,965,552 shares of the company’s stock valued at $12,186,000 after buying an additional 47,700 shares in the last quarter. Hedge funds and other institutional investors own 58.30% of the company’s stock.

In other Entravision Communications Corporation news, CFO Christopher T. Young sold 14,616 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $5.55, for a total transaction of $81,118.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Mario M. Carrera sold 70,702 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $5.63, for a total transaction of $398,052.26. The disclosure for this sale can be found here. Company insiders own 20.72% of the company’s stock.

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Shares of Entravision Communications Corporation (EVC) opened at 5.60 on Friday. The company’s 50-day moving average is $5.81 and its 200 day moving average is $6.07. The company has a market cap of $506.34 million, a price-to-earnings ratio of 28.00 and a beta of 1.56. Entravision Communications Corporation has a 1-year low of $4.90 and a 1-year high of $7.74.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.05 per share. This is an increase 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 dividend on an annualized basis and a yield of 3.57%. Entravision Communications Corporation’s dividend payout ratio (DPR) is 95.24%.

Entravision Communications Corporation declared that its board has approved a share repurchase plan on Wednesday, August 2nd that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the company to buy up to 2.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

A number of brokerages recently commented on EVC. BidaskClub upgraded shares of Entravision Communications Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Macquarie reaffirmed a “hold” rating and set a $7.00 target price on shares of Entravision Communications Corporation in a research note on Monday, July 24th. 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. Noble Financial reaffirmed a “buy” rating on shares of Entravision Communications Corporation in a research note on Thursday, August 3rd. Finally, ValuEngine raised shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $7.00.

Entravision Communications Corporation 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 Communications Corporation (NYSE:EVC)

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