The Manufacturers Life Insurance Company Buys Shares of 12,305 Entravision Communications Co. (NYSE:EVC)

The Manufacturers Life Insurance Company bought a new position in Entravision Communications Co. (NYSE:EVC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,305 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVC. Price T Rowe Associates Inc. MD grew its stake in shares of Entravision Communications by 11.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,128 shares of the company’s stock valued at $139,000 after purchasing an additional 5,931 shares during the period. Barclays PLC grew its position in Entravision Communications by 4.2% in the fourth quarter. Barclays PLC now owns 176,171 shares of the company’s stock worth $414,000 after acquiring an additional 7,103 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Entravision Communications by 30.4% during the 4th quarter. Wells Fargo & Company MN now owns 34,969 shares of the company’s stock valued at $82,000 after purchasing an additional 8,159 shares during the last quarter. SG Americas Securities LLC increased its stake in Entravision Communications by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 34,842 shares of the company’s stock worth $82,000 after buying an additional 13,391 shares during the period. Finally, Walleye Capital LLC bought a new position in Entravision Communications in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Entravision Communications Price Performance

Shares of EVC stock opened at $1.93 on Tuesday. Entravision Communications Co. has a 1-year low of $1.58 and a 1-year high of $2.73. The company has a market cap of $175.13 million, a P/E ratio of -1.55 and a beta of 1.47. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.70 and a quick ratio of 2.70. The stock’s 50-day moving average is $1.96 and its 200 day moving average is $2.19.

Entravision Communications (NYSE:EVC) last issued its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter. Entravision Communications had a negative net margin of 14.25% and a negative return on equity of 12.03%.

Entravision Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Monday, June 16th. Entravision Communications’s payout ratio is currently -12.27%.

Entravision Communications Company 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.