Noteworthy Price Action: What Will Happen to Entravision Communication Next? The Stock Just Declined A Lot

Noteworthy Price Action: What Will Happen to Entravision Communication Next? The Stock Just Declined A Lot

The stock of Entravision Communication (NYSE:EVC) is a huge mover today! The stock decreased 5.51% or $0.35 during the last trading session, hitting $6. About 609,417 shares traded hands or 231.40% 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.
The move comes after 7 months negative chart setup for the $513.17M company. It was reported on Nov, 4 by Barchart.com. We have $5.70 PT which if reached, will make NYSE:EVC worth $25.66M less.

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 fall, 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.
Peak6 Invs L P has 22,122 shares for 0% of their US portfolio. Cap Impact Advisors Ltd has invested 0.37% of its portfolio in Entravision Communication (NYSE:EVC). Tiaa Cref Inv Mngmt Limited Liability Corp, a New York-based fund reported 392,873 shares. Ameriprise Fincl last reported 0% of its portfolio in the stock. Cubist Systematic Strategies Ltd Llc has invested 0% of its portfolio in Entravision Communication (NYSE:EVC). Mufg Americas reported 1,052 shares or 0% of all its holdings. Columbia Prns L L C Invest, a Maryland-based fund reported 1.38 million shares. Penn Capital Mngmt owns 14,544 shares or 0.01% of their US portfolio. Ubs Asset Management Americas owns 31,200 shares or 0% of their US portfolio. The Delaware-based Kalmar Invests Inc De has invested 0.28% in Entravision Communication (NYSE:EVC). Secor Capital Advsr Limited Partnership holds 0.11% or 130,588 shares in its portfolio. Kcg Holdings holds 10,704 shares or 0% of its portfolio. Schwab Charles Invest Mgmt has 98,600 shares for 0% of their US portfolio. Blackrock Fund has 1.69 million shares for 0% of their US portfolio. Invesco Limited last reported 108,214 shares in the company.

More notable recent Entravision Communication (NYSE:EVC) news were published by: Prnewswire.com which released: “Entravision Communications Corporation Holds Second Annual Upfront …” on September 30, 2016, also Reuters.com with their article: “BRIEF-Morgan Stanley post 5 pct passive stake in Entravision Communication…” published on July 07, 2016, Prnewswire.com published: “Entravision Communications Corporation Schedules Third Quarter 2016 Earnings …” on October 07, 2016. More interesting news about Entravision Communication (NYSE:EVC) were released by: Prnewswire.com and their article: “Entravision Communications Corporation Promotes Don Daboub to Executive Vice …” published on May 19, 2016 as well as Prnewswire.com‘s news article titled: “Entravision Communications Corporation Appoints Two New Senior Vice Presidents …” with publication date: June 13, 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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