Entravision Communications Corporation (NYSE:EVC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $6.82 and traded as high as $6.97. Entravision Communications shares last traded at $6.9250, with a volume of 2,033,377 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of Entravision Communications from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, October 19th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".
Get Our Latest Stock Report on Entravision Communications
Entravision Communications Stock Up 7.4%
The company has a market cap of $639.11 million, a PE ratio of 693.19 and a beta of 1.75. The company's 50 day moving average is $7.31 and its 200 day moving average is $6.82. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64.
Entravision Communications (NYSE:EVC - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.09. The company had revenue of $227.90 million during the quarter, compared to analyst estimates of $121.49 million. Entravision Communications had a net margin of 0.62% and a return on equity of 6.98%.
Entravision Communications Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, September 16th. Entravision Communications's dividend payout ratio (DPR) is presently 2,000.00%.
Insiders Place Their Bets
In other Entravision Communications news, Director Paul Zevnik sold 35,000 shares of Entravision Communications stock in a transaction on Friday, September 4th. The stock was sold at an average price of $8.40, for a total transaction of $294,000.00. Following the completion of the sale, the director directly owned 36,100 shares of the company's stock, valued at $303,240. The trade was 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 currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVC. Ratan Capital Management LP purchased a new stake in shares of Entravision Communications during the 2nd quarter worth $6,819,000. CWA Asset Management Group LLC purchased a new position in shares of Entravision Communications in the 3rd quarter worth approximately $2,568,000. Empowered Funds LLC increased its position in shares of Entravision Communications by 24.8% during the first quarter. Empowered Funds LLC now owns 568,569 shares of the company's stock worth $1,689,000 after purchasing an additional 113,013 shares in the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of Entravision Communications by 19.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 285,200 shares of the company's stock worth $2,096,000 after acquiring an additional 47,200 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Entravision Communications by 7.2% in the 1st quarter. Gabelli Funds LLC now owns 239,000 shares of the company's stock valued at $710,000 after purchasing an additional 16,000 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors.
About Entravision Communications
(
Get Free Report)
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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