Dimensional Fund Advisors LP Has $6.16 Million Stock Position in Entravision Communications Corporation $EVC

Key Points

• Dimensional Fund Advisors reduced its EVC position by 12.6%, selling 298,742 shares and retaining 2.07 million shares worth approximately $6.16 million. Institutional investors collectively own 69.46% of Entravision.
• Entravision reported quarterly earnings of $0.19 per share versus the $0.10 consensus, while revenue reached $227.9 million versus estimates of $121.49 million. The company also declared a $0.05 quarterly dividend, equivalent to a 2.2% annualized yield.
• Risk factors remain significant: the stock was trading below its 50-day moving average, insiders have been selling shares, leverage stood at 2.19 times debt-to-equity, and analysts maintained a consensus “Sell” rating.

Dimensional Fund Advisors LP reduced its position in Entravision Communications Corporation (NYSE:EVC - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,072,149 shares of the company's stock after selling 298,742 shares during the period. Dimensional Fund Advisors LP owned about 2.25% of Entravision Communications worth $6,155,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EVC. AQR Capital Management LLC purchased a new position in Entravision Communications during the first quarter valued at approximately $28,000. BNP Paribas Financial Markets grew its holdings in shares of Entravision Communications by 86.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company's stock valued at $29,000 after acquiring an additional 5,702 shares in the last quarter. IMC Chicago LLC purchased a new position in shares of Entravision Communications during the 1st quarter valued at $30,000. StoneX Group Inc. acquired a new position in shares of Entravision Communications in the fourth quarter worth $35,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Entravision Communications in the second quarter worth $38,000. Institutional investors and hedge funds own 69.46% of the company's stock.

Entravision Communications Stock Down 21.5%

Shares of EVC stock opened at $9.18 on Wednesday. The stock's 50 day simple moving average is $10.90 and its 200 day simple moving average is $6.66. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. Entravision Communications Corporation has a twelve month low of $1.95 and a twelve month high of $13.74. The company has a market capitalization of $844.47 million, a price-to-earnings ratio of 919.22 and a beta of 1.72.

Entravision Communications (NYSE:EVC - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.09. The firm had revenue of $227.90 million during the quarter, compared to analyst estimates of $121.49 million. Entravision Communications had a return on equity of 7.44% and a net margin of 0.62%.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 16th. Entravision Communications's dividend payout ratio (DPR) is -90.91%.

Trending Headlines about Entravision Communications

Here are the key news stories impacting Entravision Communications this week:

• Positive Sentiment: Q2 results substantially exceeded expectations. Entravision reported adjusted earnings of $0.19 per share versus the $0.10 consensus estimate, while revenue reached $227.9 million compared with analysts’ $121.49 million forecast. Revenue increased 126.2% year over year, and net income attributable to common shareholders was $19.7 million. MarketBeat earnings report
• Positive Sentiment: Cash generation and liquidity improved. Operating cash flow rose to $23.8 million, cash and equivalents increased to $81.6 million, and capital spending remained modest at $3.3 million. Operating profit was $30.0 million. Quiver Quantitative earnings coverage
• Positive Sentiment: Entravision maintained its quarterly dividend. The company declared a $0.05-per-share dividend, payable September 30 to shareholders of record September 16, representing an approximately 1.7% yield. Entravision Q2 earnings snapshot
• Neutral Sentiment: Business trends were mixed. Media-segment revenue declined 1% year over year because of weaker broadcast advertising and spectrum-usage-rights revenue, partly offset by stronger digital advertising and retransmission-fee revenue. The earnings call may provide additional outlook details. EVC Q2 earnings call transcript
• Negative Sentiment: Profitability and leverage remain risks. Entravision’s net margin was negative 3.41%, return on equity was negative 25.31%, and debt-to-equity stood at 2.19, limiting the impact of the headline earnings beat.
• Negative Sentiment: Reported insider trading has been entirely selling. Over the past six months, insiders made nine open-market sales and no purchases, including significant sales attributed to Alexandra Seros and Paul A. Zevnik. This may reinforce investor concerns about the sustainability of the rally. Insider trading data

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EVC. Weiss Ratings reissued a "sell (d-)" rating on shares of Entravision Communications in a research report on Wednesday, June 3rd. Wall Street Zen raised Entravision Communications from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

Insiders Place Their Bets

In other Entravision Communications news, Director Paul A. Zevnik sold 324,686 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.67, for a total transaction of $3,139,713.62. Following the completion of the transaction, the director owned 2,107,582 shares of the company's stock, valued at $20,380,317.94. The trade was a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alexandra Seros sold 468,583 shares of the firm's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $7.99, for a total value of $3,743,978.17. Following the completion of the sale, the insider directly owned 7,907,343 shares in the company, valued at approximately $63,179,670.57. This represents a 5.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,476,297 shares of company stock valued at $21,094,682. Company insiders own 9.12% of the company's stock.

About Entravision Communications

Entravision Communications Corporation NYSE: EVC is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.

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