Suntrust Banks Inc. bought a new position in shares of Entravision Communications Corporation (NYSE:EVC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 196,800 shares of the company’s stock, valued at approximately $1,298,000. Suntrust Banks Inc. owned approximately 0.30% of Entravision Communications Corporation as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Prudential Financial Inc. grew its stake in shares of Entravision Communications Corporation by 17.1% during the 1st quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock worth $123,000 after purchasing an additional 2,900 shares during the period. OLD National Bancorp IN purchased a new position in shares of Entravision Communications Corporation in the 2nd quarter valued at about $132,000. KCG Holdings Inc. acquired a new stake in shares of Entravision Communications Corporation in the first quarter valued at about $139,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Entravision Communications Corporation in the first quarter valued at about $156,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Entravision Communications Corporation in the first quarter valued at about $156,000. Institutional investors own 58.30% of the company’s stock.

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A number of analysts recently commented on EVC shares. ValuEngine raised shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut shares of Entravision Communications Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Noble Financial reiterated a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, August 3rd. Macquarie reiterated a “hold” rating and set 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 note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Entravision Communications Corporation currently has a consensus rating of “Hold” and a consensus target price of $7.00.

In other news, CRO Mario M. Carrera sold 70,702 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $5.63, for a total transaction of $398,052.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher T. Young sold 14,616 shares of Entravision Communications Corporation stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $5.55, for a total transaction of $81,118.80. The disclosure for this sale can be found here. 20.72% of the stock is currently owned by insiders.

Entravision Communications Corporation (NYSE:EVC) opened at 5.70 on Wednesday. The firm has a market cap of $515.38 million, a P/E ratio of 28.50 and a beta of 1.52. The stock’s 50 day moving average price is $5.63 and its 200 day moving average price is $6.04. Entravision Communications Corporation has a 1-year low of $4.90 and a 1-year high of $7.74.

Entravision Communications Corporation (NYSE:EVC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $70.51 million during the quarter, compared to analyst estimates of $67.59 million. During the same quarter last year, the company earned $0.06 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts predict that Entravision Communications Corporation will post $0.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 14th were given a $0.05 dividend. The ex-dividend date was Wednesday, September 13th. This is a boost from Entravision Communications Corporation’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a yield of 3.51%. Entravision Communications Corporation’s payout ratio is 95.24%.

Entravision Communications Corporation announced that its Board of Directors has authorized a share buyback program on Wednesday, August 2nd that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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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