Entravision Communications (NYSE:EVC) Upgraded to B- at TheStreet

Entravision Communications (NYSE:EVCGet Rating) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

Separately, StockNews.com cut Entravision Communications from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th.

Entravision Communications Stock Down 2.5 %

Entravision Communications stock opened at $5.17 on Thursday. Entravision Communications has a 1-year low of $4.21 and a 1-year high of $9.34. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $439.09 million, a PE ratio of 17.23 and a beta of 0.92. The stock’s fifty day moving average is $4.87 and its two-hundred day moving average is $5.47.

Entravision Communications (NYSE:EVCGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Entravision Communications had a return on equity of 16.01% and a net margin of 3.09%. The company had revenue of $197.17 million for the quarter, compared to analysts’ expectations of $193.60 million. On average, sell-side analysts expect that Entravision Communications will post 0.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul A. Zevnik acquired 45,448 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were bought at an average price of $5.02 per share, with a total value of $228,148.96. Following the completion of the acquisition, the director now owns 277,227 shares in the company, valued at approximately $1,391,679.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Paul A. Zevnik acquired 63,388 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were bought at an average price of $4.98 per share, with a total value of $315,672.24. Following the completion of the acquisition, the director now owns 140,615 shares in the company, valued at approximately $700,262.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul A. Zevnik purchased 45,448 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average cost of $5.02 per share, for a total transaction of $228,148.96. Following the acquisition, the director now owns 277,227 shares of the company’s stock, valued at $1,391,679.54. The disclosure for this purchase can be found here. Corporate insiders own 24.30% of the company’s stock.

Hedge Funds Weigh In On Entravision Communications

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC purchased a new position in shares of Entravision Communications during the fourth quarter worth about $90,000. Equitable Holdings Inc. grew its holdings in shares of Entravision Communications by 8.7% during the fourth quarter. Equitable Holdings Inc. now owns 35,750 shares of the company’s stock worth $242,000 after buying an additional 2,850 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Entravision Communications during the first quarter worth about $67,000. Eidelman Virant Capital purchased a new position in shares of Entravision Communications during the first quarter worth about $192,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Entravision Communications by 63.8% during the fourth quarter. BNP Paribas Arbitrage SA now owns 25,573 shares of the company’s stock worth $173,000 after buying an additional 9,965 shares during the last quarter. Hedge funds and other institutional investors own 57.01% of the company’s stock.

Entravision Communications Company Profile

(Get Rating)

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.

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