CWA Asset Management Group LLC Makes New Investment in Entravision Communications Corporation $EVC

Key Points

• CWA Asset Management Group acquired 349,349 Entravision Communications shares worth approximately $2.57 million, giving it a 0.38% stake. Institutional investors collectively own 69.46% of the company.
• Entravision reported quarterly EPS of $0.19, beating estimates by $0.09, while revenue reached $227.9 million versus the $121.49 million consensus estimate.
• The stock opened at $6.30, well below its 52-week high of $13.74. Analysts maintain a “Hold” consensus, and the company pays a quarterly dividend of $0.05 per share, yielding about 3.2%.

CWA Asset Management Group LLC acquired a new position in shares of Entravision Communications Corporation (NYSE:EVC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 349,349 shares of the company's stock, valued at approximately $2,568,000. CWA Asset Management Group LLC owned 0.38% of Entravision Communications as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in Entravision Communications in the third quarter valued at about $29,000. IMC Chicago LLC acquired a new position in Entravision Communications in the first quarter worth about $30,000. Flower City Capital bought a new position in Entravision Communications during the second quarter worth about $137,000. 3Chopt Investment Partners LLC bought a new position in Entravision Communications during the first quarter worth about $46,000. Finally, Teton Advisors LLC lifted its stake in Entravision Communications by 23.1% during the first quarter. Teton Advisors LLC now owns 80,000 shares of the company's stock worth $238,000 after purchasing an additional 15,000 shares during the period. 69.46% of the stock is owned by institutional investors.

Entravision Communications Stock Performance

Entravision Communications stock opened at $6.30 on Thursday. The firm has a market capitalization of $581.88 million, a P/E ratio of 631.13 and a beta of 1.72. The stock has a fifty day moving average price of $7.71 and a two-hundred day moving average price of $8.35. Entravision Communications Corporation has a 52-week low of $1.95 and a 52-week high of $13.74. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.48 and a quick ratio of 1.48.

Entravision Communications (NYSE:EVC - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.10 by $0.09. Entravision Communications had a net margin of 0.62% and a return on equity of 6.98%. The company had revenue of $227.90 million for the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.2%. Entravision Communications's dividend payout ratio (DPR) is 2,000.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Entravision Communications from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of "Hold".

Insider Transactions at Entravision Communications

In related news, Director Paul Zevnik sold 35,000 shares of Entravision Communications stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $8.40, for a total transaction of $294,000.00. Following the completion of the transaction, the director directly owned 36,100 shares of the company's stock, valued at $303,240. This trade represents a 49.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.12% of the stock is owned by corporate insiders.

Entravision Communications Profile

Entravision Communications Corporation NYSE: EVC is a global advertising, media and technology company. The company provides digital advertising solutions through programmatic buying, mobile and connected television advertising, audio, and other digital media channels. Its technology and services help brands reach and engage audiences across multiple platforms.

Entravision also operates and represents media properties, including television and radio assets, with a historical focus on Spanish-language audiences in the United States.

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