Fisher Asset Management LLC increased its position in Entravision Communications Corporation (NYSE:EVC) by 34.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,570 shares of the company’s stock after buying an additional 87,563 shares during the period. Fisher Asset Management LLC owned approximately 0.38% of Entravision Communications Corporation worth $2,248,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of EVC. Prudential Financial Inc. raised its stake in shares of Entravision Communications Corporation by 17.1% in the first quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock valued at $123,000 after buying an additional 2,900 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Entravision Communications Corporation during the first quarter valued at approximately $139,000. Malaga Cove Capital LLC raised its stake in shares of Entravision Communications Corporation by 6.6% in the first quarter. Malaga Cove Capital LLC now owns 24,300 shares of the company’s stock valued at $149,000 after buying an additional 1,500 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Entravision Communications Corporation during the first quarter valued at approximately $156,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Entravision Communications Corporation during the first quarter valued at approximately $156,000. Institutional investors own 64.19% of the company’s stock.
Entravision Communications Corporation (EVC) opened at 6.85 on Friday. The company has a 50 day moving average price of $6.38 and a 200 day moving average price of $6.00. Entravision Communications Corporation has a 52-week low of $4.90 and a 52-week high of $8.00. The firm has a market capitalization of $618.83 million, a P/E ratio of 29.78 and a beta of 1.51.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a $0.0313 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.13 dividend on an annualized basis and a yield of 1.82%. Entravision Communications Corporation’s dividend payout ratio (DPR) is presently 56.52%.
Several analysts have recently commented on EVC shares. Noble Financial reiterated a “buy” rating on shares of Entravision Communications Corporation in a report on Thursday, May 11th. Zacks Investment Research upgraded Entravision Communications Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Macquarie reiterated a “neutral” rating and set a $7.00 price objective on shares of Entravision Communications Corporation in a report on Tuesday, April 18th.
About Entravision Communications Corporation
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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