SG Americas Securities LLC Acquires Shares of 16,157 Entravision Communications Co. (NYSE:EVC)

SG Americas Securities LLC acquired a new stake in shares of Entravision Communications Co. (NYSE:EVC) in the 4th quarter, HoldingsChannel reports. The firm acquired 16,157 shares of the company’s stock, valued at approximately $67,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in Entravision Communications by 103.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,245 shares of the company’s stock valued at $28,000 after buying an additional 3,687 shares during the period. State of Wyoming acquired a new position in shares of Entravision Communications during the second quarter worth about $29,000. UBS Group AG purchased a new position in Entravision Communications during the third quarter worth about $31,000. Quadrature Capital Ltd acquired a new stake in Entravision Communications in the third quarter valued at about $41,000. Finally, Meeder Asset Management Inc. boosted its holdings in Entravision Communications by 32.9% in the 4th quarter. Meeder Asset Management Inc. now owns 8,717 shares of the company’s stock valued at $42,000 after purchasing an additional 2,156 shares in the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Entravision Communications

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

Analyst Ratings Changes

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

Entravision Communications Trading Up 6.1 %

Shares of EVC opened at $2.10 on Friday. The firm’s 50-day moving average is $2.46 and its two-hundred day moving average is $3.46. Entravision Communications Co. has a twelve month low of $1.33 and a twelve month high of $6.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $187.99 million, a P/E ratio of -11.67 and a beta of 1.05.

Entravision Communications (NYSE:EVC) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $320.06 million during the quarter, compared to analysts’ expectations of $309.70 million. Entravision Communications had a negative net margin of 1.39% and a negative return on equity of 5.79%. On average, research analysts predict that Entravision Communications Co. will post 0.05 earnings per share for the current fiscal year.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 9.52%. Entravision Communications’s dividend payout ratio is presently -111.11%.

Entravision Communications Company Profile

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.