Market Runner: Is Selling 52-Week Stock Like Entravision Communication a Winning Strategy?

Market Runner: Is Selling 52 Week Stock Like Entravision Communication a Winning Strategy?

The stock of Entravision Communication (NYSE:EVC) hit a new 52-week low and has $5.47 target or 8.00% below today’s $5.95 share price. The 9 months bearish chart indicates high risk for the $508.89M company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $5.47 price target is reached, the company will be worth $40.71 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 253,078 shares traded hands or 37.62% up from the average. Entravision Communication (NYSE:EVC) has declined 12.29% since April 4, 2016 and is downtrending. It has underperformed by 13.38% the S&P500.

According to Zacks Investment Research, “Entravision is a diversified media company utilizing a combination of television, radio, outdoor and publishing operations to reach Hispanic consumers in the United States. The company is the largest Univision-affiliated television group in the United States. It owns Univision-affiliated stations in 17 of the top 50 Hispanic markets in the United States. Also, the company operates the largest centrally programmed Spanish-language radio network. The company produces seven formats to appeal to the diverse musical tastes of the listeners.”

Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.39, from 1.16 in 2016Q1. The ratio turned negative, as 18 funds sold all Entravision Communication shares owned while 42 reduced positions. 16 funds bought stakes while 30 increased positions. They now own 49.69 million shares or 4.20% less from 51.87 million shares in 2016Q1.
Geode Cap Mngmt Limited has 386,632 shares for 0% of their US portfolio. Tower Rech Cap Llc (Trc) holds 0% of its portfolio in Entravision Communication (NYSE:EVC) for 5,740 shares. Kortright Capital L P holds 6.51% or 285,883 shares in its portfolio. Maplelane Capital Lc has 0.33% invested in the company for 1.15 million shares. Qs Ltd Company holds 570,013 shares or 0.03% of its portfolio. Goldman Sachs Grp Incorporated accumulated 13,567 shares or 0% of the stock. Mufg Americas Corp accumulated 0% or 1,052 shares. Legal And General Gru Public Ltd Com has 0% invested in the company for 10,785 shares. Century last reported 0.03% of its portfolio in the stock. Allianz Asset Mngmt Ag holds 0% of its portfolio in Entravision Communication (NYSE:EVC) for 549,976 shares. Blackrock Institutional Com Na accumulated 0% or 1.43M shares. Cap Fund Management has 21,087 shares for 0% of their US portfolio. Citadel Advsrs Ltd Llc reported 60,188 shares or 0% of all its holdings. Principal Finance Gp Inc has 0% invested in the company for 12,207 shares. Moreover, Gru One Trading Lp has 0% invested in Entravision Communication (NYSE:EVC) for 700 shares.

More notable recent Entravision Communication (NYSE:EVC) news were published by: Streetinsider.com which released: “Entravision Communication (EVC) Declares $0.03125 Quarterly Dividend; 2% Yield” on November 04, 2016, also Prnewswire.com with their article: “Entravision Communications Corporation Holds Second Annual Upfront …” published on September 30, 2016, Reuters.com published: “BRIEF-Morgan Stanley post 5 pct passive stake in Entravision Communication…” on July 07, 2016. More interesting news about Entravision Communication (NYSE:EVC) were released by: Prnewswire.com and their article: “Entravision Communications Corporation Schedules Third Quarter 2016 Earnings …” published on October 07, 2016 as well as Prnewswire.com‘s news article titled: “Entravision Communications Corporation Promotes Don Daboub to Executive Vice …” with publication date: May 19, 2016.

EVC Company Profile

Entravision Communications Corporation (Entravision), incorporated on February 11, 2000, is a media company. The Firm reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Firm operates through three divisions: television broadcasting, radio broadcasting and digital media. The Firm owns and operates approximately 60 television stations located primarily in California, Colorado, Connecticut, Florida, Kansas, Massachusetts, Nevada, New Mexico, Texas and Washington, District of Columbia. It also owns and operates a national sales representation firm, Entravision Solutions, through which the Company sell advertisements and syndicate radio programming to approximately 350 stations across the United States. It provides digital advertising solutions that allow advertisers to reach online Hispanic audiences in the United States and Mexico.

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