American Century Companies Inc. Sells 347,313 Shares of Entravision Communications Corporation $EVC

American Century Companies Inc. reduced its stake in shares of Entravision Communications Corporation (NYSE:EVC) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,855,247 shares of the company’s stock after selling 347,313 shares during the quarter. American Century Companies Inc. owned 10.83% of Entravision Communications worth $22,963,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Entravision Communications during the third quarter worth about $27,000. Fidelis Capital Partners LLC bought a new position in Entravision Communications in the 2nd quarter valued at $30,000. AQR Capital Management LLC acquired a new position in Entravision Communications in the first quarter worth $28,000. Byrne Asset Management LLC bought a new stake in shares of Entravision Communications during the third quarter worth $33,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Entravision Communications in the second quarter valued at about $38,000. Institutional investors own 69.46% of the company’s stock.

Entravision Communications Stock Down 8.8%

Shares of NYSE:EVC opened at $3.16 on Tuesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $287.04 million, a price-to-earnings ratio of -3.59 and a beta of 1.30. The company has a 50 day moving average of $3.07 and a 200-day moving average of $2.74. Entravision Communications Corporation has a one year low of $1.70 and a one year high of $3.68.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.20) earnings per share (EPS) for the quarter. Entravision Communications had a negative net margin of 17.69% and a negative return on equity of 37.01%. The business had revenue of $134.38 million during the quarter.

Entravision Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.20 annualized dividend and a yield of 6.3%. Entravision Communications’s dividend payout ratio is presently -22.73%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Entravision Communications in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Entravision Communications currently has an average rating of “Sell”.

Insider Transactions at Entravision Communications

In other news, COO Liberman A. Jeffery sold 85,108 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $3.29, for a total value of $280,005.32. Following the completion of the sale, the chief operating officer directly owned 126,316 shares of the company’s stock, valued at $415,579.64. This represents a 40.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 153,067 shares of company stock worth $496,046 in the last quarter. 8.54% of the stock is currently owned by company insiders.

About Entravision Communications

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.