Entravision Communications Corp (NYSE:EVC) Traded Well Below Its 50 Day Average

Paterniano Del Favero
Agosto 20, 2017

This is a positive change from Entravision Communications Corporation's previous quarterly dividend of $0.03. The Acadian Asset Management Llc holds 110,972 shares with $2.45 million value, up from 55,706 last quarter. As of the end of the quarter Manufacturers Life Insurance Company, The had disposed of a total of 21,495 shares trimming its position 80.7%. NY boosted its position in Entravision Communications Corporation by 1.1% in the fourth quarter. NY now owns 40,450 shares of the company's stock valued at $283,000 after buying an additional 421 shares during the last quarter. First Eagle Investment Management, LLC cut its position by shedding 904,676 shares a decrease of 61.8% in the quarter. The institutional investor owned 1,506,104 shares of the company's stock after buying an additional 225,714 shares during the period.

Aqr Capital Management Llc increased Exelon Corp (NYSE:EXC) stake by 551,480 shares to 5.97 million valued at $211.84 million in 2016Q4.

Entravision Communications Corporation (NYSE EVC) opened at 5.65 on Monday. Russell Investments Group Ltd. now owns 594,175 shares of the company's stock worth $3,922,000 after buying an additional 222,120 shares during the last quarter. Entravision Communications had 7 analyst reports since September 16, 2015 according to SRatingsIntel. Moreover, Rgm Capital Llc has 4.98% invested in the company for 1.45 million shares. The stock closing price is now trading downward to its 50 day moving average with change of -13.70%, tumbled to its 20 day moving average with figure of -12.39% and behind its 200 day moving average with value -10.63%.

Entravision Communications Corporation (NYSE:EVC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.01. Entravision Communications Corporation had a return on equity of 10.05% and a net margin of 7.03%. The company had revenue of $70.51 million during the quarter, compared to analysts' expectations of $67.59 million. During the same quarter in the previous year, the business earned $0.06 EPS. The Welch Capital Partners Llc holds 136,943 shares with $8.96 million value, up from 81,733 last quarter. Teton Advsrs owns 0.5% invested in Entravision Communication (NYSE:EVC) for 717,763 shares. Frigate Ventures Lp sold 44,871 shares as the company's stock rose 3.70% with the market. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued. Additionally the company declared a dividend to be paid on Friday September 29th, 2017. Shareholders of record on Thursday, September 14th will be issued a $0.05 dividend. The dividend yield was $2.94.

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A number of research firms have commented on EVC. The stock of Entravision Communication (NYSE:EVC) has "Buy" rating given on Thursday, August 3 by Noble Financial. Macquarie reaffirmed a "hold" rating and set a $7.00 target price on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Entravision Communications Corporation from a "sell" rating to a "hold" rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock.

In recent trading day Entravision Communications Corporation (EVC) stock showed the move of -1.79% with the closing price of $5.50. Trading volume for Entravision Communications Corp was 417K in the last trading session. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. As of December 31, 2016, the Company operated five containerboard mills, three paper mills and 94 corrugated products manufacturing plants.

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