OLD National Bancorp IN bought a new stake in Entravision Communications Corporation (NYSE:EVC) during the second quarter, Holdings Channel reports. The institutional investor bought 19,999 shares of the company’s stock, valued at approximately $132,000.
Other hedge funds have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in 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 during the period. KCG Holdings Inc. acquired a new stake in Entravision Communications Corporation during the first quarter valued at $139,000. Malaga Cove Capital LLC increased its stake in 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 during the period. Gotham Asset Management LLC acquired a new stake in Entravision Communications Corporation during the first quarter valued at $158,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Entravision Communications Corporation during the first quarter valued at $156,000. Institutional investors and hedge funds own 64.28% of the company’s stock.
Entravision Communications Corporation (NYSE EVC) opened at 6.70 on Tuesday. The stock has a market cap of $605.28 million, a price-to-earnings ratio of 29.13 and a beta of 1.50. The stock’s 50 day moving average price is $6.38 and its 200 day moving average price is $6.00. Entravision Communications Corporation has a 52 week low of $4.90 and a 52 week high of $8.00.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a dividend of $0.0313 per share. This represents a $0.13 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, June 13th. Entravision Communications Corporation’s payout ratio is 56.52%.
COPYRIGHT VIOLATION NOTICE: This report was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://stocknewstimes.com/2017/07/25/old-national-bancorp-in-takes-position-in-entravision-communications-corporation-nyseevc.html.
Several analysts have recently weighed in on the company. Macquarie reiterated a “hold” rating and set a $7.00 target price on shares of Entravision Communications Corporation in a research report on Monday. Zacks Investment Research upgraded Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Noble Financial restated a “buy” rating on shares of Entravision Communications Corporation in a research note on Thursday, May 11th.
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.
Want to see what other hedge funds are holding EVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entravision Communications Corporation (NYSE:EVC).
Receive News & Ratings for Entravision Communications Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entravision Communications Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
