Sei Investments Co. Has $1.81 Million Holdings in Entravision Communication (NYSE:EVC)

Sei Investments Co. raised its stake in Entravision Communication (NYSE:EVC) by 27.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 316,914 shares of the company’s stock after purchasing an additional 67,760 shares during the quarter. Sei Investments Co. owned about 0.35% of Entravision Communication worth $1,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Entravision Communication by 11.4% during the 1st quarter. Vanguard Group Inc. now owns 2,808,188 shares of the company’s stock valued at $17,412,000 after acquiring an additional 287,296 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Entravision Communication by 9.4% during the 1st quarter. Geode Capital Management LLC now owns 493,240 shares of the company’s stock valued at $3,058,000 after acquiring an additional 42,259 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Entravision Communication by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,884,215 shares of the company’s stock valued at $17,882,000 after acquiring an additional 68,388 shares in the last quarter. KCG Holdings Inc. acquired a new position in shares of Entravision Communication during the 1st quarter valued at $139,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Entravision Communication by 6.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 240,946 shares of the company’s stock valued at $1,494,000 after acquiring an additional 14,535 shares in the last quarter. Institutional investors own 59.79% of the company’s stock.

Entravision Communication (EVC) traded up $0.10 on Thursday, hitting $7.55. 1,897,300 shares of the stock traded hands, compared to its average volume of 470,219. The company has a market cap of $675.02, a P/E ratio of 4.03 and a beta of 1.63. Entravision Communication has a one year low of $4.90 and a one year high of $7.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.93 and a quick ratio of 6.93.

Entravision Communication (NYSE:EVC) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $1.69. Entravision Communication had a net margin of 31.96% and a return on equity of 75.49%. The business had revenue of $70.60 million during the quarter, compared to the consensus estimate of $70.43 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. sell-side analysts expect that Entravision Communication will post 0.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Wednesday, December 13th. Entravision Communication’s dividend payout ratio is presently 10.75%.

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Entravision Communication from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Noble Financial reiterated a “buy” rating on shares of Entravision Communication in a report on Friday, November 3rd. ValuEngine upgraded shares of Entravision Communication from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub lowered shares of Entravision Communication from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Entravision Communication currently has a consensus rating of “Hold” and an average target price of $7.00.

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About Entravision Communication

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.

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

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