Entravision Communications (NYSE:EVC) Stock Rating Lowered by StockNews.com

Entravision Communications (NYSE:EVC) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Separately, TheStreet downgraded shares of Entravision Communications from a “c” rating to a “d+” rating in a research note on Wednesday, March 6th.

Entravision Communications Trading Down 3.1 %

Shares of NYSE EVC opened at $2.03 on Wednesday. The stock has a market capitalization of $181.28 million, a P/E ratio of -2.70 and a beta of 0.97. Entravision Communications has a 1-year low of $1.33 and a 1-year high of $4.91. The business’s 50 day moving average is $1.97 and its two-hundred day moving average is $3.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.38 and a quick ratio of 1.38.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.21) earnings per share (EPS) for the quarter. Entravision Communications had a negative return on equity of 7.80% and a negative net margin of 5.79%. The company had revenue of $320.06 million during the quarter, compared to the consensus estimate of $309.70 million. As a group, research analysts expect that Entravision Communications will post 0.05 EPS for the current year.

Insider Activity

In related news, CEO Michael J. Christenson bought 100,000 shares of the stock in a transaction on Thursday, March 7th. The stock was bought at an average price of $1.67 per share, for a total transaction of $167,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,402,170 shares in the company, valued at $2,341,623.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.99% of the company’s stock.

Institutional Trading of Entravision Communications

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Entravision Communications by 222.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,126 shares of the company’s stock worth $42,000 after acquiring an additional 6,985 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Entravision Communications during the fourth quarter worth $67,000. Gabelli Funds LLC lifted its holdings in shares of Entravision Communications by 11.1% during the 3rd quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $110,000 after purchasing an additional 3,000 shares during the last quarter. Ritholtz Wealth Management boosted its position in shares of Entravision Communications by 16.7% in the 4th quarter. Ritholtz Wealth Management now owns 30,265 shares of the company’s stock worth $126,000 after purchasing an additional 4,335 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in Entravision Communications by 153.2% during the 3rd quarter. WINTON GROUP Ltd now owns 39,658 shares of the company’s stock worth $145,000 after buying an additional 23,997 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Entravision Communications Company Profile

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