Lazard Asset Management LLC Purchases 16,654 Shares of Entravision Communications Co. (NYSE:EVC)

Lazard Asset Management LLC boosted its position in shares of Entravision Communications Co. (NYSE:EVCGet Rating) by 79.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,616 shares of the company’s stock after purchasing an additional 16,654 shares during the period. Lazard Asset Management LLC’s holdings in Entravision Communications were worth $171,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Seizert Capital Partners LLC bought a new position in Entravision Communications during the 2nd quarter valued at about $1,489,000. Royce & Associates LP raised its stake in shares of Entravision Communications by 15.0% in the second quarter. Royce & Associates LP now owns 2,387,310 shares of the company’s stock worth $10,886,000 after acquiring an additional 311,117 shares during the last quarter. Counterpoint Mutual Funds LLC raised its stake in shares of Entravision Communications by 1,542.3% in the second quarter. Counterpoint Mutual Funds LLC now owns 53,933 shares of the company’s stock worth $246,000 after acquiring an additional 50,649 shares during the last quarter. Bailard Inc. bought a new position in shares of Entravision Communications in the second quarter worth about $176,000. Finally, Versor Investments LP bought a new position in shares of Entravision Communications in the second quarter worth about $233,000. 57.52% of the stock is owned by institutional investors.

Entravision Communications Stock Down 0.9 %

Shares of NYSE:EVC opened at $5.24 on Monday. Entravision Communications Co. has a one year low of $3.96 and a one year high of $8.24. The company has a 50 day moving average of $4.59 and a 200-day moving average of $4.85. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market cap of $445.12 million, a price-to-earnings ratio of 19.41 and a beta of 1.05.

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, December 14th. Entravision Communications’s dividend payout ratio is 37.04%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EVC. StockNews.com began coverage on shares of Entravision Communications in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. TheStreet raised shares of Entravision Communications from a “c” rating to a “b-” rating in a research note on Thursday, August 4th. Finally, EF Hutton Acquisition Co. I dropped their target price on shares of Entravision Communications from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 7th.

Entravision Communications Profile

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Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics across acculturation levels and media channels. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.

Further Reading

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Institutional Ownership by Quarter for Entravision Communications (NYSE:EVC)

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