Tower Research Capital LLC TRC Has $42,000 Stock Holdings in Entravision Communications Co. (NYSE:EVC)

Tower Research Capital LLC TRC boosted its position in Entravision Communications Co. (NYSE:EVC) by 222.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,126 shares of the company’s stock after buying an additional 6,985 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Entravision Communications were worth $42,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Foundry Partners LLC raised its position in Entravision Communications by 39.5% in the 3rd quarter. Foundry Partners LLC now owns 740,715 shares of the company’s stock valued at $2,704,000 after buying an additional 209,820 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Entravision Communications by 165.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 224,500 shares of the company’s stock worth $819,000 after purchasing an additional 140,000 shares during the last quarter. Rice Hall James & Associates LLC acquired a new position in shares of Entravision Communications during the 3rd quarter worth approximately $928,000. Barclays PLC increased its position in shares of Entravision Communications by 52.2% during the 3rd quarter. Barclays PLC now owns 81,716 shares of the company’s stock worth $299,000 after purchasing an additional 28,041 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Entravision Communications by 14.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 55,691 shares of the company’s stock worth $232,000 after purchasing an additional 6,890 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EVC. StockNews.com raised Entravision Communications from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. TheStreet lowered Entravision Communications from a “c” rating to a “d+” rating in a research report on Wednesday, March 6th.

Insider Buying and Selling

In other Entravision Communications news, CEO Michael J. Christenson bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were acquired at an average cost of $1.67 per share, with a total value of $167,000.00. Following the acquisition, the chief executive officer now owns 1,402,170 shares of the company’s stock, valued at $2,341,623.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.99% of the stock is owned by insiders.

Entravision Communications Stock Performance

Shares of EVC stock traded up $0.12 during trading on Thursday, reaching $2.30. 1,016,497 shares of the company’s stock were exchanged, compared to its average volume of 897,560. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $205.90 million, a PE ratio of -13.00 and a beta of 0.97. Entravision Communications Co. has a twelve month low of $1.33 and a twelve month high of $6.42. The firm’s fifty day moving average price is $2.16 and its 200-day moving average price is $3.37.

Entravision Communications (NYSE:EVC) last posted its earnings results on Tuesday, March 5th. The company reported ($0.21) earnings per share for the quarter. The business had revenue of $320.06 million for the quarter, compared to analyst estimates of $309.70 million. Entravision Communications had a negative return on equity of 5.79% and a negative net margin of 1.39%. As a group, sell-side analysts anticipate that Entravision Communications Co. will post 0.05 EPS for the current year.

Entravision Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend was Thursday, March 14th. Entravision Communications’s payout ratio is presently -111.11%.

Entravision Communications 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.