Prescott Group Capital Management L.L.C. Reduces Holdings in Entravision Communications Co. (NYSE:EVC)

Prescott Group Capital Management L.L.C. decreased its holdings in shares of Entravision Communications Co. (NYSE:EVC) by 12.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,947 shares of the company’s stock after selling 53,751 shares during the quarter. Prescott Group Capital Management L.L.C. owned about 0.43% of Entravision Communications worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new stake in shares of Entravision Communications in the 2nd quarter valued at about $27,000. Tower Research Capital LLC TRC grew its position in Entravision Communications by 103.6% in the third quarter. Tower Research Capital LLC TRC now owns 7,245 shares of the company’s stock worth $28,000 after acquiring an additional 3,687 shares in the last quarter. UBS Group AG purchased a new stake in Entravision Communications during the third quarter valued at about $31,000. Quadrature Capital Ltd bought a new stake in Entravision Communications during the third quarter worth about $41,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Entravision Communications by 32.9% in the 4th quarter. Meeder Asset Management Inc. now owns 8,717 shares of the company’s stock worth $42,000 after purchasing an additional 2,156 shares in the last quarter. Hedge funds and other institutional investors own 72.40% of the company’s stock.

Insider Activity at Entravision Communications

In other Entravision Communications news, CEO Michael J. Christenson acquired 100,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $3.85 per share, for a total transaction of $385,000.00. Following the acquisition, the chief executive officer now owns 1,302,170 shares in the company, valued at approximately $5,013,354.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EVC has been the subject of several research reports. StockNews.com lowered Entravision Communications from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. TheStreet cut shares of Entravision Communications from a “b-” rating to a “c” rating in a research report on Friday, August 4th.

Entravision Communications Trading Up 1.5 %

NYSE:EVC traded up $0.06 during midday trading on Monday, reaching $4.14. 41,633 shares of the stock traded hands, compared to its average volume of 357,543. The stock has a market capitalization of $364.32 million, a P/E ratio of 408.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.50 and a current ratio of 1.50. The company has a fifty day moving average of $3.73 and a 200 day moving average of $4.13. Entravision Communications Co. has a 12 month low of $3.35 and a 12 month high of $7.32.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.83%. Entravision Communications’s dividend payout ratio is currently 2,002.00%.

Entravision Communications Company Profile

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.