Foundry Partners LLC Has $3.03 Million Position in Entravision Communications Co. (NYSE:EVC)

Foundry Partners LLC reduced its holdings in Entravision Communications Co. (NYSE:EVC) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 727,645 shares of the company’s stock after selling 13,070 shares during the period. Foundry Partners LLC owned 0.83% of Entravision Communications worth $3,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVC. Bailard Inc. increased its stake in Entravision Communications by 21.2% in the 3rd quarter. Bailard Inc. now owns 61,817 shares of the company’s stock valued at $226,000 after buying an additional 10,817 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in Entravision Communications in the 3rd quarter valued at $928,000. Barclays PLC increased its stake in Entravision Communications by 52.2% in the 3rd quarter. Barclays PLC now owns 81,716 shares of the company’s stock valued at $299,000 after buying an additional 28,041 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Entravision Communications by 165.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 224,500 shares of the company’s stock valued at $819,000 after buying an additional 140,000 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in Entravision Communications by 11.1% in the 3rd quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $110,000 after buying an additional 3,000 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communications Stock Up 0.5 %

Entravision Communications stock opened at $2.11 on Tuesday. The firm has a market capitalization of $188.89 million, a PE ratio of -11.72 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50-day moving average is $2.42 and its 200-day moving average is $3.45. Entravision Communications Co. has a fifty-two week low of $1.33 and a fifty-two week high of $6.49.

Entravision Communications (NYSE:EVC) last announced its earnings results on Tuesday, March 5th. The company reported ($0.21) EPS for the quarter. The company had revenue of $320.06 million for the quarter, compared to the consensus estimate of $309.70 million. Entravision Communications had a negative return on equity of 5.79% and a negative net margin of 1.39%. Sell-side analysts anticipate that Entravision Communications Co. will post 0.05 earnings per share for the current year.

Entravision Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 9.48%. The ex-dividend date of this dividend was Thursday, March 14th. Entravision Communications’s payout ratio is -111.11%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EVC shares. TheStreet lowered shares of Entravision Communications from a “c” rating to a “d+” rating in a research note on Wednesday, March 6th. StockNews.com upgraded shares of Entravision Communications from a “sell” rating to a “hold” rating in a research note on Monday, March 18th.

Insider Buying and Selling

In related news, CEO Michael J. Christenson bought 100,000 shares of Entravision Communications stock in a transaction that occurred on Thursday, March 7th. The stock was acquired at an average price of $1.67 per share, with a total value of $167,000.00. Following the acquisition, the chief executive officer now owns 1,402,170 shares of the company’s stock, valued at approximately $2,341,623.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.99% of the stock is currently owned by insiders.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.