Virtus Fund Advisers LLC cut its position in Entravision Communication (NYSE:EVC) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,404,962 shares of the company’s stock after selling 130,237 shares during the quarter. Virtus Fund Advisers LLC owned approximately 3.78% of Entravision Communication worth $24,345,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of EVC. Advisory Services Network LLC acquired a new position in Entravision Communication in the 4th quarter valued at $107,000. Virtu Financial LLC acquired a new position in Entravision Communication in the 4th quarter valued at $110,000. Teacher Retirement System of Texas acquired a new stake in Entravision Communication in the 4th quarter worth $161,000. Wedge Capital Management L L P NC acquired a new stake in Entravision Communication in the 4th quarter worth $173,000. Finally, Voya Investment Management LLC grew its position in Entravision Communication by 20.8% in the 2nd quarter. Voya Investment Management LLC now owns 32,940 shares of the company’s stock worth $217,000 after purchasing an additional 5,661 shares during the last quarter. Institutional investors and hedge funds own 68.54% of the company’s stock.
Shares of Entravision Communication (EVC) opened at $6.80 on Tuesday. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 0.83. The stock has a market cap of $612.02, a price-to-earnings ratio of 3.66 and a beta of 1.47. Entravision Communication has a 12-month low of $5.05 and a 12-month high of $7.90.
Several research firms have issued reports on EVC. Zacks Investment Research lowered shares of Entravision Communication from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. Noble Financial restated a “buy” rating on shares of Entravision Communication in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.00.
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Entravision Communication Profile
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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