Allspring Global Investments Holdings LLC Purchases 6,890 Shares of Entravision Communications Co. (NYSE:EVC)

Allspring Global Investments Holdings LLC boosted its holdings in Entravision Communications Co. (NYSE:EVC) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,691 shares of the company’s stock after buying an additional 6,890 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of Entravision Communications worth $232,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Foundry Partners LLC raised its stake in shares of Entravision Communications by 39.5% during the third quarter. Foundry Partners LLC now owns 740,715 shares of the company’s stock valued at $2,704,000 after acquiring an additional 209,820 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Entravision Communications by 165.7% in the third quarter. Gamco Investors INC. ET AL now owns 224,500 shares of the company’s stock valued at $819,000 after purchasing an additional 140,000 shares during the period. Rice Hall James & Associates LLC bought a new position in Entravision Communications during the 3rd quarter worth $928,000. Barclays PLC increased its stake in shares of Entravision Communications by 52.2% in the third 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 period. Finally, SG Americas Securities LLC acquired a new stake in shares of Entravision Communications in the fourth quarter valued at about $67,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communications Stock Performance

Shares of Entravision Communications stock opened at $2.09 on Friday. The company has a market cap of $187.10 million, a P/E ratio of -11.61 and a beta of 1.05. 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 business has a 50-day moving average price of $2.27 and a two-hundred day moving average price of $3.41. Entravision Communications Co. has a 1-year low of $1.33 and a 1-year high of $6.49.

Entravision Communications (NYSE:EVC) last released its earnings results on Tuesday, March 5th. The company reported ($0.21) EPS for the quarter. Entravision Communications had a negative return on equity of 5.79% and a negative net margin of 1.39%. The business had revenue of $320.06 million for the quarter, compared to analyst estimates of $309.70 million. As a group, analysts anticipate that Entravision Communications Co. will post 0.05 EPS for the current year.

Entravision Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.57%. Entravision Communications’s payout ratio is presently -111.11%.

Insider Buying and Selling

In related news, CEO Michael J. Christenson purchased 100,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was purchased at an average cost of $1.67 per share, with a total value of $167,000.00. Following the completion of the purchase, the chief executive officer now owns 1,402,170 shares in the company, valued at approximately $2,341,623.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.99% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on EVC shares. TheStreet downgraded shares of Entravision Communications from a “c” rating to a “d+” rating in a research 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 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.