Marshall Wace LLP Cuts Stake in Entravision Communications Co. (NYSE:EVC)

Marshall Wace LLP lowered its position in Entravision Communications Co. (NYSE:EVC) by 10.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 149,027 shares of the company’s stock after selling 16,836 shares during the period. Marshall Wace LLP’s holdings in Entravision Communications were worth $996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Entravision Communications by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 38,905 shares of the company’s stock worth $260,000 after buying an additional 1,795 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Entravision Communications by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 679,892 shares of the company’s stock worth $4,541,000 after buying an additional 1,807 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in Entravision Communications by 43.5% in the second quarter. Advisor Group Holdings Inc. now owns 6,606 shares of the company’s stock worth $44,000 after buying an additional 2,002 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Entravision Communications by 11.6% in the second quarter. WINTON GROUP Ltd now owns 37,911 shares of the company’s stock worth $253,000 after buying an additional 3,952 shares in the last quarter. Finally, Optimum Investment Advisors purchased a new stake in shares of Entravision Communications during the second quarter valued at approximately $33,000. 53.90% of the stock is owned by institutional investors and hedge funds.

In other Entravision Communications news, Director Paul A. Zevnik sold 100,000 shares of the stock in a transaction on Monday, November 8th. The stock was sold at an average price of $9.00, for a total value of $900,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul A. Zevnik sold 10,000 shares of the stock in a transaction on Monday, October 4th. The stock was sold at an average price of $7.50, for a total value of $75,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 453,382 shares of company stock valued at $3,822,056. 24.30% of the stock is owned by corporate insiders.

Shares of Entravision Communications stock opened at $7.54 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.82. The company has a market cap of $644.11 million, a PE ratio of 14.23 and a beta of 0.68. The business has a 50 day moving average of $7.74 and a 200 day moving average of $6.55. Entravision Communications Co. has a 52 week low of $2.66 and a 52 week high of $9.34.

Entravision Communications (NYSE:EVC) last announced its earnings results on Thursday, November 4th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $199.01 million during the quarter, compared to the consensus estimate of $198.60 million. Entravision Communications had a return on equity of 16.76% and a net margin of 6.55%. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, research analysts anticipate that Entravision Communications Co. will post 0.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 31st. Investors of record on Thursday, December 16th will be issued a dividend of $0.025 per share. The ex-dividend date is Wednesday, December 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.33%. Entravision Communications’s dividend payout ratio is presently 18.87%.

A number of analysts have recently weighed in on the company. Noble Financial reissued a “buy” rating and set a $10.00 price objective on shares of Entravision Communications in a research note on Wednesday, September 1st. TheStreet raised Entravision Communications from a “c” rating to a “b-” rating in a research note on Friday, August 6th. Finally, Zacks Investment Research raised Entravision Communications from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, November 9th.

Entravision Communications Company Profile

Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. It operates through the following segments: Television Broadcasting, Radio Broadcasting, and Digital Media. The Television Broadcasting segment offers an entertainment, news, and national news magazine, as well as local news produced by its TV stations.

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

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