StockNews.com Initiates Coverage on Entravision Communications (NYSE:EVC)

StockNews.com initiated coverage on shares of Entravision Communications (NYSE:EVC – Get Rating) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

Entravision Communications Price Performance

Entravision Communications stock opened at $5.78 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $491.01 million, a PE ratio of 27.53 and a beta of 1.17. Entravision Communications has a 12 month low of $3.96 and a 12 month high of $7.32. The stock has a 50-day moving average price of $6.37 and a two-hundred day moving average price of $5.37.

Hedge Funds Weigh In On Entravision Communications

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. raised its position in Entravision Communications by 1.3% in the fourth quarter. American Century Companies Inc. now owns 10,203,393 shares of the company’s stock valued at $48,976,000 after purchasing an additional 128,136 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Entravision Communications by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,018,872 shares of the company’s stock valued at $19,290,000 after purchasing an additional 31,750 shares during the last quarter. Renaissance Technologies LLC raised its position in Entravision Communications by 2.5% in the second quarter. Renaissance Technologies LLC now owns 2,991,312 shares of the company’s stock valued at $13,640,000 after purchasing an additional 72,217 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Entravision Communications by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,703,744 shares of the company’s stock worth $17,331,000 after acquiring an additional 119,493 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Entravision Communications by 6.0% during the third quarter. Royce & Associates LP now owns 2,531,328 shares of the company’s stock worth $10,049,000 after acquiring an additional 144,018 shares during the last quarter. 56.35% of the stock is currently owned by institutional investors.

Entravision Communications Company Profile

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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.