Entravision Communications Co. (NYSE:EVC) Stock Holdings Lessened by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Entravision Communications Co. (NYSE:EVC) by 47.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,777 shares of the company’s stock after selling 11,660 shares during the quarter. SG Americas Securities LLC’s holdings in Entravision Communications were worth $26,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 6,985 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Entravision Communications in the 4th quarter valued at about $187,000. Empowered Funds LLC lifted its position in Entravision Communications by 8.2% in the 1st quarter. Empowered Funds LLC now owns 367,110 shares of the company’s stock valued at $602,000 after purchasing an additional 27,792 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Entravision Communications by 68.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 436,000 shares of the company’s stock valued at $715,000 after purchasing an additional 176,500 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Entravision Communications by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock valued at $5,291,000 after purchasing an additional 266,642 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Entravision Communications from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th.

Entravision Communications Stock Down 2.0 %

EVC stock opened at $2.00 on Thursday. Entravision Communications Co. has a 52 week low of $1.33 and a 52 week high of $4.41. The company has a market capitalization of $179.04 million, a price-to-earnings ratio of -2.67 and a beta of 0.99. The firm’s 50-day moving average is $1.99 and its two-hundred day moving average is $2.20. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.13.

Entravision Communications (NYSE:EVC) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter. Entravision Communications had a negative net margin of 5.79% and a negative return on equity of 7.80%. The company had revenue of $82.65 million for the quarter.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.00%. Entravision Communications’s dividend payout ratio (DPR) is -26.67%.

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.