Entravision Communications (NYSE:EVC) Downgraded by StockNews.com

Entravision Communications (NYSE:EVC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Separately, TheStreet downgraded shares of Entravision Communications from a “c” rating to a “d+” rating in a research report on Wednesday, March 6th.

Entravision Communications Price Performance

Shares of NYSE:EVC remained flat at $2.09 during trading on Wednesday. 245,133 shares of the stock traded hands, compared to its average volume of 842,366. The stock has a market capitalization of $187.09 million, a PE ratio of -2.79 and a beta of 0.97. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.13. Entravision Communications has a twelve month low of $1.33 and a twelve month high of $4.91. The company has a 50-day moving average of $1.94 and a 200 day moving average of $3.22.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $320.06 million for the quarter, compared to analysts’ expectations of $309.70 million. Entravision Communications had a negative return on equity of 7.80% and a negative net margin of 5.79%. As a group, equities research analysts anticipate that Entravision Communications will post 0.05 EPS for the current year.

Insider Activity at Entravision Communications

In other Entravision Communications news, CEO Michael J. Christenson purchased 100,000 shares of Entravision Communications stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average price of $1.67 per share, for a total transaction of $167,000.00. Following the transaction, the chief executive officer now directly owns 1,402,170 shares in the company, valued at $2,341,623.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.99% of the stock is owned by insiders.

Hedge Funds Weigh In On Entravision Communications

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Entravision Communications by 222.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,126 shares of the company’s stock valued at $42,000 after buying an additional 6,985 shares during the period. SG Americas Securities LLC acquired a new position in Entravision Communications in the 4th quarter valued at $67,000. Gabelli Funds LLC increased its stake in Entravision Communications by 11.1% in the 3rd quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $110,000 after buying an additional 3,000 shares during the period. Ritholtz Wealth Management increased its stake in Entravision Communications by 16.7% in the 4th quarter. Ritholtz Wealth Management now owns 30,265 shares of the company’s stock valued at $126,000 after buying an additional 4,335 shares during the period. Finally, WINTON GROUP Ltd increased its stake in Entravision Communications by 153.2% in the 3rd quarter. WINTON GROUP Ltd now owns 39,658 shares of the company’s stock valued at $145,000 after buying an additional 23,997 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.