Princeton Portfolio Strategies Group LLC Invests $229,000 in Entravision Communications Corporation (EVC)

Princeton Portfolio Strategies Group LLC bought a new position in shares of Entravision Communications Corporation (NYSE:EVC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,900 shares of the company’s stock, valued at approximately $229,000.

A number of other large investors have also modified their holdings of the stock. American Century Companies Inc. raised its stake in shares of Entravision Communications Corporation by 17.5% in the first quarter. American Century Companies Inc. now owns 6,072,286 shares of the company’s stock worth $37,648,000 after buying an additional 906,364 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Entravision Communications Corporation by 46.2% in the first quarter. Deprince Race & Zollo Inc. now owns 1,280,390 shares of the company’s stock valued at $7,938,000 after buying an additional 404,771 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Entravision Communications Corporation during the fourth quarter valued at about $2,602,000. Renaissance Technologies LLC increased its stake in shares of Entravision Communications Corporation by 11.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,917,852 shares of the company’s stock valued at $13,425,000 after buying an additional 196,730 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Entravision Communications Corporation by 18.5% in the first quarter. Wells Fargo & Company MN now owns 1,105,744 shares of the company’s stock valued at $6,856,000 after buying an additional 172,848 shares during the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s stock.

Institutional Ownership by Quarter for Entravision Communications Corporation (NYSE:EVC)

Shares of Entravision Communications Corporation (NYSE:EVC) traded up 0.391% during mid-day trading on Tuesday, hitting $6.425. The company’s stock had a trading volume of 147,220 shares. The company has a 50-day moving average price of $5.85 and a 200-day moving average price of $6.01. Entravision Communications Corporation has a 1-year low of $4.90 and a 1-year high of $8.00. The stock has a market cap of $580.43 million, a PE ratio of 27.935 and a beta of 1.41.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.0313 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.13 annualized dividend and a dividend yield of 1.95%. Entravision Communications Corporation’s dividend payout ratio is currently 56.52%.

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A number of analysts have recently commented on EVC shares. Zacks Investment Research raised Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Macquarie restated a “neutral” rating and issued a $7.00 target price on shares of Entravision Communications Corporation in a report on Tuesday, April 18th. Finally, Noble Financial restated a “buy” rating on shares of Entravision Communications Corporation in a report on Thursday, May 11th.

About Entravision Communications Corporation

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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