Municipal Employees Retirement System of Michigan Acquires New Stake in Entravision Communication (EVC)

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Municipal Employees Retirement System of Michigan acquired a new stake in shares of Entravision Communication (NYSE:EVC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 79,010 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVC. Dimensional Fund Advisors LP increased its position in shares of Entravision Communication by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,815,306 shares of the company’s stock valued at $23,595,000 after purchasing an additional 337,428 shares during the period. Alliancebernstein L.P. increased its position in shares of Entravision Communication by 101.7% during the third quarter. Alliancebernstein L.P. now owns 491,240 shares of the company’s stock valued at $2,407,000 after purchasing an additional 247,655 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Entravision Communication by 27.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 814,252 shares of the company’s stock valued at $2,369,000 after purchasing an additional 174,227 shares during the period. Martingale Asset Management L P increased its position in shares of Entravision Communication by 114.3% during the third quarter. Martingale Asset Management L P now owns 289,524 shares of the company’s stock valued at $1,419,000 after purchasing an additional 154,440 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Entravision Communication by 266.7% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 208,300 shares of the company’s stock valued at $1,021,000 after purchasing an additional 151,500 shares during the period. Institutional investors and hedge funds own 56.84% of the company’s stock.

A number of analysts have weighed in on EVC shares. ValuEngine upgraded Entravision Communication from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Noble Financial set a $6.00 price target on Entravision Communication and gave the company a “buy evc” rating in a research report on Monday, December 24th. Finally, Zacks Investment Research cut Entravision Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th.

Shares of NYSE:EVC opened at $3.11 on Tuesday. Entravision Communication has a fifty-two week low of $2.56 and a fifty-two week high of $5.68. The firm has a market capitalization of $280.78 million, a price-to-earnings ratio of 316.00 and a beta of 1.40. The company has a current ratio of 5.44, a quick ratio of 5.44 and a debt-to-equity ratio of 0.87.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Tuesday, March 19th. Entravision Communication’s dividend payout ratio (DPR) is 11.56%.

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Entravision Communication Profile

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

Recommended Story: Liquidity

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Institutional Ownership by Quarter for Entravision Communication (NYSE:EVC)

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