Renaissance Technologies LLC raised its position in Entravision Communications Corporation (NYSE:EVC) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,965,552 shares of the company’s stock after buying an additional 47,700 shares during the period. Renaissance Technologies LLC owned about 2.18% of Entravision Communications Corporation worth $12,186,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Supplemental Annuity Collective Trust of NJ acquired a new stake in Entravision Communications Corporation during the first quarter worth approximately $310,000. New Jersey Better Educational Savings Trust acquired a new stake in Entravision Communications Corporation during the first quarter worth approximately $459,000. Malaga Cove Capital LLC increased its stake in Entravision Communications Corporation by 6.6% in the first quarter. Malaga Cove Capital LLC now owns 24,300 shares of the company’s stock worth $149,000 after buying an additional 1,500 shares during the last quarter. Fisher Asset Management LLC increased its stake in Entravision Communications Corporation by 36.3% in the first quarter. Fisher Asset Management LLC now owns 253,007 shares of the company’s stock worth $1,569,000 after buying an additional 67,435 shares during the last quarter. Finally, Capital Impact Advisors LLC increased its stake in Entravision Communications Corporation by 107.9% in the first quarter. Capital Impact Advisors LLC now owns 242,116 shares of the company’s stock worth $1,501,000 after buying an additional 125,667 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.
Shares of Entravision Communications Corporation (NYSE:EVC) opened at 6.80 on Monday. The stock’s 50 day moving average is $5.99 and its 200-day moving average is $6.00. The firm has a market cap of $614.31 million, a price-to-earnings ratio of 29.57 and a beta of 1.50. Entravision Communications Corporation has a 12-month low of $4.90 and a 12-month high of $8.00.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a $0.0313 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.84%. Entravision Communications Corporation’s dividend payout ratio is 56.52%.
A number of research firms recently commented on EVC. Zacks Investment Research upgraded shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Macquarie restated a “neutral” rating and set a $7.00 price target on shares of Entravision Communications Corporation in a report on Tuesday, April 18th. Finally, Noble Financial restated a “buy” rating on shares of Entravision Communications Corporation in a report on Thursday, May 11th.
Entravision Communications Corporation Company Profile
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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