Dimensional Fund Advisors LP Sells 634,076 Shares of Entravision Communications Co. (NYSE:EVC)

Dimensional Fund Advisors LP trimmed its stake in Entravision Communications Co. (NYSE:EVC) by 15.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,511,405 shares of the company’s stock after selling 634,076 shares during the period. Dimensional Fund Advisors LP owned about 3.92% of Entravision Communications worth $7,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EVC. Vanguard Group Inc. increased its stake in Entravision Communications by 9.0% during the first quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock valued at $5,291,000 after acquiring an additional 266,642 shares during the period. Bank of New York Mellon Corp increased its position in shares of Entravision Communications by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 704,510 shares of the company’s stock valued at $1,430,000 after purchasing an additional 25,681 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Entravision Communications by 68.0% in the first quarter. Gamco Investors INC. ET AL now owns 436,000 shares of the company’s stock valued at $715,000 after purchasing an additional 176,500 shares in the last quarter. Empowered Funds LLC lifted its position in Entravision Communications by 8.2% in the first quarter. Empowered Funds LLC now owns 367,110 shares of the company’s stock worth $602,000 after purchasing an additional 27,792 shares during the period. Finally, Rhumbline Advisers boosted its stake in Entravision Communications by 15.5% during the second quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock worth $195,000 after buying an additional 12,880 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

Entravision Communications Price Performance

Entravision Communications stock opened at $2.04 on Wednesday. The business has a 50 day simple moving average of $1.98 and a 200 day simple moving average of $2.02. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.04 and a quick ratio of 3.04. The company has a market capitalization of $182.62 million, a PE ratio of -2.72 and a beta of 0.98. Entravision Communications Co. has a one year low of $1.33 and a one year high of $4.41.

Entravision Communications (NYSE:EVC) last issued its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter. The company had revenue of $82.65 million for the quarter. Entravision Communications had a negative net margin of 10.06% and a negative return on equity of 5.24%.

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 9.80%. The ex-dividend date was Monday, September 16th. Entravision Communications’s payout ratio is -26.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Entravision Communications from a “sell” rating to a “hold” rating in a report on Saturday, July 20th.

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.