Ritholtz Wealth Management Cuts Stock Holdings in Entravision Communications Corporation $EVC

Ritholtz Wealth Management cut its stake in Entravision Communications Corporation (NYSE:EVC) by 23.1% in the second quarter, Holdings Channel.com reports. The firm owned 37,678 shares of the company’s stock after selling 11,289 shares during the quarter. Ritholtz Wealth Management’s holdings in Entravision Communications were worth $87,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of Entravision Communications by 14.0% in the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock valued at $1,251,000 after purchasing an additional 73,103 shares in the last quarter. Empowered Funds LLC grew its position in shares of Entravision Communications by 7.4% in the first quarter. Empowered Funds LLC now owns 470,465 shares of the company’s stock valued at $988,000 after purchasing an additional 32,321 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Entravision Communications in the first quarter valued at approximately $366,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Entravision Communications in the first quarter valued at approximately $329,000. Finally, Jane Street Group LLC grew its position in shares of Entravision Communications by 146.2% in the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock valued at $80,000 after purchasing an additional 22,606 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Entravision Communications Trading Up 1.2%

EVC opened at $2.00 on Thursday. Entravision Communications Corporation has a one year low of $1.58 and a one year high of $2.73. The stock has a market capitalization of $182.23 million, a PE ratio of -1.52 and a beta of 1.56. The business’s 50 day moving average price is $2.36 and its 200 day moving average price is $2.22. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.48 and a current ratio of 2.48.

Entravision Communications (NYSE:EVC) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.04) EPS for the quarter. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%. The business had revenue of $100.74 million during the quarter.

Entravision Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.05 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 10.0%. Entravision Communications’s dividend payout ratio is currently -15.15%.

Insider Buying and Selling

In other Entravision Communications news, major shareholder Alexandra Seros sold 58,525 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $2.38, for a total transaction of $139,289.50. Following the transaction, the insider directly owned 11,361,221 shares in the company, valued at $27,039,705.98. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 500,000 shares of company stock valued at $1,223,130 in the last 90 days. Corporate insiders own 8.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Entravision Communications

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.