American Century Companies Inc. reduced its position in shares of Entravision Communication (NYSE:EVC) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,946,479 shares of the company’s stock after selling 493,374 shares during the period. American Century Companies Inc. owned 5.57% of Entravision Communication worth $24,238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC purchased a new position in Entravision Communication in the first quarter valued at about $712,000. Deprince Race & Zollo Inc. increased its holdings in Entravision Communication by 27.5% in the second quarter. Deprince Race & Zollo Inc. now owns 3,037,024 shares of the company’s stock valued at $15,185,000 after buying an additional 654,928 shares in the last quarter. Hartford Investment Management Co. purchased a new position in Entravision Communication in the second quarter valued at about $142,000. Acadian Asset Management LLC increased its stake in shares of Entravision Communication by 13.5% during the 2nd quarter. Acadian Asset Management LLC now owns 870,753 shares of the company’s stock worth $4,354,000 after purchasing an additional 103,277 shares in the last quarter. Finally, Capital Impact Advisors LLC increased its stake in shares of Entravision Communication by 65.2% during the 2nd quarter. Capital Impact Advisors LLC now owns 366,168 shares of the company’s stock worth $1,831,000 after purchasing an additional 144,511 shares in the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the stock. ValuEngine cut shares of Entravision Communication from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. Noble Financial reissued a “buy” rating on shares of Entravision Communication in a research note on Thursday, November 8th. Finally, Zacks Investment Research cut shares of Entravision Communication from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.75.

Shares of EVC remained flat at $$3.11 during mid-day trading on Friday. 467,743 shares of the stock were exchanged, compared to its average volume of 716,666. The company has a debt-to-equity ratio of 0.87, a quick ratio of 5.44 and a current ratio of 5.44. Entravision Communication has a fifty-two week low of $2.93 and a fifty-two week high of $7.90. The stock has a market cap of $276.34 million, a PE ratio of 1.80 and a beta of 1.16.

Entravision Communication (NYSE:EVC) last released its earnings results on Wednesday, November 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The firm had revenue of $74.60 million during the quarter, compared to analysts’ expectations of $75.62 million. Entravision Communication had a return on equity of 0.49% and a net margin of 6.30%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. On average, equities analysts expect that Entravision Communication will post 0.14 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.05 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.20 annualized dividend and a yield of 6.43%. Entravision Communication’s payout ratio is currently 11.56%.

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About Entravision Communication

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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Institutional Ownership by Quarter for Entravision Communication (NYSE:EVC)

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