MetLife Investment Advisors LLC acquired a new stake in Entravision Communication (NYSE:EVC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,450 shares of the company’s stock, valued at approximately $102,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in EVC. American Century Companies Inc. grew its stake in shares of Entravision Communication by 11.7% during the 4th quarter. American Century Companies Inc. now owns 5,526,329 shares of the company’s stock worth $16,082,000 after purchasing an additional 579,850 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Entravision Communication by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,068,290 shares of the company’s stock worth $14,749,000 after buying an additional 252,984 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Entravision Communication by 12.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,238,716 shares of the company’s stock worth $7,253,000 after buying an additional 240,839 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Entravision Communication by 27.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 814,252 shares of the company’s stock worth $2,369,000 after buying an additional 174,227 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Entravision Communication by 1.1% in the 4th quarter. Northern Trust Corp now owns 780,088 shares of the company’s stock worth $2,271,000 after buying an additional 8,149 shares in the last quarter. 58.61% of the stock is currently owned by institutional investors.
EVC has been the topic of several recent research reports. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Noble Financial set a $6.00 target price on shares of Entravision Communication and gave the company a “buy” rating in a report on Wednesday, July 3rd.
NYSE:EVC opened at $3.16 on Friday. The stock has a market cap of $265.22 million, a price-to-earnings ratio of 24.31 and a beta of 1.17. Entravision Communication has a 12-month low of $2.56 and a 12-month high of $5.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 4.35 and a current ratio of 4.35. The company has a 50-day moving average price of $3.03.
Entravision Communication (NYSE:EVC) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The business had revenue of $64.68 million for the quarter. Entravision Communication had a net margin of 5.21% and a return on equity of 3.82%. As a group, equities analysts predict that Entravision Communication will post 0.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 6.33%. Entravision Communication’s payout ratio is currently 153.85%.
About Entravision Communication
Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.
Read More: Blockchain
Receive News & Ratings for Entravision Communication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entravision Communication and related companies with MarketBeat.com's FREE daily email newsletter.