Entravision Communications (NYSE:EVC) Shares Up 6.3%

Entravision Communications Co. (NYSE:EVC)’s stock price shot up 6.3% during trading on Thursday . The stock traded as high as $8.00 and last traded at $7.99. 7,571 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 554,932 shares. The stock had previously closed at $7.52.

A number of analysts recently issued reports on the stock. TheStreet upgraded shares of Entravision Communications from a “c” rating to a “b-” rating in a report on Friday, August 6th. Zacks Investment Research raised shares of Entravision Communications from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Wednesday, September 29th. Finally, Noble Financial restated a “buy” rating and set a $10.00 price objective on shares of Entravision Communications in a research report on Wednesday, September 1st.

The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $664.11 million, a PE ratio of 15.90 and a beta of 0.70. The business has a fifty day moving average price of $7.14 and a 200-day moving average price of $5.72.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results on Thursday, August 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $178.41 million for the quarter, compared to the consensus estimate of $163.10 million. Entravision Communications had a net margin of 7.59% and a return on equity of 15.56%. On average, equities analysts anticipate that Entravision Communications Co. will post 0.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, September 14th. Entravision Communications’s dividend payout ratio is presently 23.26%.

In other news, Director Paul A. Zevnik sold 10,000 shares of Entravision Communications stock in a transaction dated Monday, October 4th. The stock was sold at an average price of $7.50, for a total value of $75,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 24.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EVC. Jane Street Group LLC bought a new position in Entravision Communications in the first quarter worth about $53,000. State Board of Administration of Florida Retirement System raised its holdings in Entravision Communications by 75.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 67,117 shares of the company’s stock worth $448,000 after purchasing an additional 28,819 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Entravision Communications by 380.4% during the 1st quarter. Panagora Asset Management Inc. now owns 218,439 shares of the company’s stock valued at $882,000 after buying an additional 172,965 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Entravision Communications by 2.4% in the 1st quarter. D. E. Shaw & Co. Inc. now owns 1,195,389 shares of the company’s stock worth $4,830,000 after buying an additional 27,548 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Entravision Communications by 7.7% in the 1st quarter. Sei Investments Co. now owns 496,078 shares of the company’s stock worth $2,004,000 after acquiring an additional 35,426 shares in the last quarter. 54.37% of the stock is currently owned by institutional investors.

About Entravision Communications (NYSE:EVC)

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.

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