Entravision Communication (EVC) Holdings Cut by Royce & Associates LP
Royce & Associates LP reduced its stake in shares of Entravision Communication (NYSE:EVC) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,022 shares of the company’s stock after selling 110,074 shares during the quarter. Royce & Associates LP owned 0.69% of Entravision Communication worth $3,534,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. OxFORD Asset Management LLP increased its stake in shares of Entravision Communication by 188.8% in the third quarter. OxFORD Asset Management LLP now owns 472,537 shares of the company’s stock valued at $2,717,000 after buying an additional 308,928 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Entravision Communication by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,271,338 shares of the company’s stock valued at $18,647,000 after buying an additional 171,853 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Entravision Communication by 6.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 257,446 shares of the company’s stock valued at $1,468,000 after buying an additional 14,885 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Entravision Communication by 23.3% in the third quarter. Russell Investments Group Ltd. now owns 732,613 shares of the company’s stock valued at $4,176,000 after buying an additional 138,438 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Entravision Communication by 19.9% in the third quarter. Deprince Race & Zollo Inc. now owns 1,806,040 shares of the company’s stock valued at $10,294,000 after buying an additional 299,936 shares in the last quarter. Institutional investors own 59.59% of the company’s stock.
EVC has been the subject of a number of research reports. Noble Financial restated a “buy” rating on shares of Entravision Communication in a research note on Friday, November 3rd. ValuEngine upgraded Entravision Communication from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research lowered Entravision Communication from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Entravision Communication has an average rating of “Hold” and an average price target of $7.00.
Entravision Communication (NYSE:EVC) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $1.69. The business had revenue of $70.60 million for the quarter, compared to analysts’ expectations of $70.43 million. Entravision Communication had a return on equity of 75.49% and a net margin of 31.96%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. equities analysts forecast that Entravision Communication will post 0.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, December 13th. Entravision Communication’s dividend payout ratio is 10.75%.
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Entravision Communication Company Profile
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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