State Board of Administration of Florida Retirement System Makes New $122,000 Investment in Entravision Communications Co. (NYSE:EVC)

State Board of Administration of Florida Retirement System purchased a new position in Entravision Communications Co. (NYSE:EVC – Get Rating) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 25,496 shares of the company’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Arbitrage SNC boosted its stake in Entravision Communications by 15.6% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 21,380 shares of the company’s stock worth $85,000 after purchasing an additional 2,893 shares during the period. State Street Corp boosted its position in shares of Entravision Communications by 0.3% during the 2nd quarter. State Street Corp now owns 1,179,838 shares of the company’s stock valued at $5,380,000 after acquiring an additional 3,246 shares during the last quarter. Ieq Capital LLC boosted its position in shares of Entravision Communications by 3.1% during the 3rd quarter. Ieq Capital LLC now owns 122,674 shares of the company’s stock valued at $487,000 after acquiring an additional 3,670 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Entravision Communications by 103.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,245 shares of the company’s stock valued at $28,000 after acquiring an additional 3,687 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Entravision Communications by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 386,098 shares of the company’s stock valued at $2,475,000 after acquiring an additional 5,026 shares during the last quarter. 56.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Entravision Communications from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th.

Entravision Communications Stock Down 1.1 %

NYSE EVC opened at $4.57 on Wednesday. The stock has a 50 day moving average price of $5.72 and a 200-day moving average price of $5.78. Entravision Communications Co. has a one year low of $3.96 and a one year high of $7.32. The company has a market capitalization of $400.83 million, a P/E ratio of 21.86 and a beta of 1.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 1.64.

Entravision Communications (NYSE:EVC – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The company reported $0.05 earnings per share for the quarter. Entravision Communications had a return on equity of 9.52% and a net margin of 1.83%. The company had revenue of $296.33 million for the quarter. As a group, equities analysts predict that Entravision Communications Co. will post 0.26 EPS for the current fiscal year.

Entravision Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.20 annualized dividend and a yield of 4.38%. Entravision Communications’s payout ratio is presently 95.24%.

Entravision Communications Company Profile

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Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. It operates through the following segments: Television Broadcasting, Radio Broadcasting, and Digital Media. The Television Broadcasting segment offers an entertainment, news, and national news magazine, as well as local news produced by its TV stations.