Entravision Communication (NYSE:EVC) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Entravision Communication (NYSE:EVC) by 12.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,238,716 shares of the company’s stock after acquiring an additional 240,839 shares during the quarter. JPMorgan Chase & Co.’s holdings in Entravision Communication were worth $7,253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. acquired a new stake in shares of Entravision Communication during the 4th quarter valued at $32,000. Legal & General Group Plc boosted its stake in shares of Entravision Communication by 27.4% during the 4th quarter. Legal & General Group Plc now owns 12,184 shares of the company’s stock valued at $36,000 after buying an additional 2,618 shares during the period. Penn Capital Management Co. Inc. acquired a new stake in shares of Entravision Communication during the 4th quarter valued at $37,000. PEAK6 Investments LLC acquired a new stake in shares of Entravision Communication during the 4th quarter valued at $44,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Entravision Communication by 342.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,440 shares of the company’s stock valued at $44,000 after buying an additional 10,405 shares during the period. Institutional investors and hedge funds own 59.01% of the company’s stock.

NYSE:EVC opened at $2.91 on Wednesday. The stock has a market capitalization of $251.14 million, a price-to-earnings ratio of 22.38 and a beta of 1.18. Entravision Communication has a 12 month low of $2.56 and a 12 month high of $5.68. The company has a current ratio of 4.35, a quick ratio of 4.35 and a debt-to-equity ratio of 0.86.



Entravision Communication (NYSE:EVC) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. Entravision Communication had a net margin of 5.21% and a return on equity of 3.82%. The business had revenue of $64.68 million for the quarter. Research analysts predict that Entravision Communication will post 0.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.20 annualized dividend and a yield of 6.87%. Entravision Communication’s dividend payout ratio is currently 153.85%.

In other Entravision Communication news, Director Gilbert R. Vasquez acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $3.07 per share, for a total transaction of $307,000.00. Following the completion of the acquisition, the director now directly owns 415,169 shares of the company’s stock, valued at approximately $1,274,568.83. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gilbert R. Vasquez acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of $3.25 per share, for a total transaction of $48,750.00. The disclosure for this purchase can be found here. Corporate insiders own 22.38% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Entravision Communication from a “sell” rating to a “buy” rating and set a $3.50 target price for the company in a research note on Tuesday, May 21st. Noble Financial reissued a “buy” rating and set a $6.00 target price on shares of Entravision Communication in a research note on Sunday, May 19th.

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Entravision Communication Company Profile

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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