Monarch Partners Asset Management LLC maintained its position in shares of Entravision Communications Corporation (NYSE:EVC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,780 shares of the company’s stock at the end of the second quarter. Monarch Partners Asset Management LLC’s holdings in Entravision Communications Corporation were worth $447,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EVC. American Century Companies Inc. raised its position in Entravision Communications Corporation by 17.5% in the first quarter. American Century Companies Inc. now owns 6,072,286 shares of the company’s stock valued at $37,648,000 after buying an additional 906,364 shares in the last quarter. Raging Capital Management LLC raised its position in Entravision Communications Corporation by 46.1% in the first quarter. Raging Capital Management LLC now owns 2,745,874 shares of the company’s stock valued at $17,024,000 after buying an additional 866,811 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in Entravision Communications Corporation by 46.2% in the first quarter. Deprince Race & Zollo Inc. now owns 1,280,390 shares of the company’s stock valued at $7,938,000 after buying an additional 404,771 shares in the last quarter. Vanguard Group Inc. raised its position in Entravision Communications Corporation by 11.4% in the first quarter. Vanguard Group Inc. now owns 2,808,188 shares of the company’s stock valued at $17,412,000 after buying an additional 287,296 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Entravision Communications Corporation by 59.7% in the second quarter. Russell Investments Group Ltd. now owns 594,175 shares of the company’s stock valued at $3,922,000 after buying an additional 222,120 shares in the last quarter. 62.39% of the stock is owned by institutional investors and hedge funds.

Entravision Communications Corporation (NYSE:EVC) opened at 5.95 on Monday. Entravision Communications Corporation has a 52-week low of $4.90 and a 52-week high of $7.89. The stock has a market cap of $537.99 million, a price-to-earnings ratio of 29.75 and a beta of 1.50. The stock has a 50 day moving average price of $6.50 and a 200 day moving average price of $6.03.

Entravision Communications Corporation (NYSE:EVC) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. Entravision Communications Corporation had a net margin of 7.03% and a return on equity of 10.05%. The company had revenue of $70.51 million for the quarter, compared to the consensus estimate of $67.59 million. During the same period in the previous year, the business earned $0.06 EPS. Entravision Communications Corporation’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts expect that Entravision Communications Corporation will post $0.15 EPS for the current fiscal year.

Entravision Communications Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.20 dividend on an annualized basis and a yield of 3.36%. This is an increase from Entravision Communications Corporation’s previous quarterly dividend of $0.03. Entravision Communications Corporation’s dividend payout ratio (DPR) is presently 61.90%.

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Several research firms have recently issued reports on EVC. BidaskClub lowered Entravision Communications Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Noble Financial reaffirmed a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, August 3rd. Macquarie reaffirmed a “hold” rating and issued a $7.00 price target on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research raised Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Entravision Communications Corporation currently has an average rating of “Hold” and a consensus target price of $7.00.

Entravision Communications Corporation 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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Institutional Ownership by Quarter for Entravision Communications Corporation (NYSE:EVC)

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