Entravision Communication (NYSE:EVC) Stake Decreased by American Century Companies Inc.

American Century Companies Inc. reduced its stake in Entravision Communication (NYSE:EVC) by 23.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,909,049 shares of the company’s stock after selling 1,500,775 shares during the period. American Century Companies Inc. owned about 5.45% of Entravision Communication worth $35,100,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EVC. Wedge Capital Management L L P NC purchased a new position in shares of Entravision Communication during the fourth quarter valued at approximately $173,000. Voya Investment Management LLC increased its stake in shares of Entravision Communication by 20.8% during the second quarter. Voya Investment Management LLC now owns 32,940 shares of the company’s stock valued at $217,000 after buying an additional 5,661 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Entravision Communication during the third quarter valued at approximately $290,000. First Trust Advisors LP bought a new stake in shares of Entravision Communication during the third quarter valued at approximately $298,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Entravision Communication by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 56,391 shares of the company’s stock valued at $372,000 after purchasing an additional 1,772 shares in the last quarter. 68.54% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communication (NYSE EVC) traded up $0.05 during trading on Wednesday, reaching $6.75. The company’s stock had a trading volume of 46,852 shares, compared to its average volume of 553,102. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 0.83. Entravision Communication has a twelve month low of $5.05 and a twelve month high of $7.90. The company has a market capitalization of $612.02, a P/E ratio of 3.64 and a beta of 1.47.

Several research firms recently weighed in on EVC. Zacks Investment Research lowered Entravision Communication from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. Noble Financial restated a “buy” rating on shares of Entravision Communication in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.

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Entravision Communication 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.

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

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