Entravision Communications Co. (NYSE:EVC) Shares Acquired by Millennium Management LLC

Millennium Management LLC boosted its stake in Entravision Communications Co. (NYSE:EVC) by 1,100.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 204,373 shares of the company’s stock after purchasing an additional 187,349 shares during the period. Millennium Management LLC owned about 0.23% of Entravision Communications worth $480,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Entravision Communications by 11.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,128 shares of the company’s stock worth $139,000 after acquiring an additional 5,931 shares in the last quarter. Graham Capital Management L.P. grew its stake in shares of Entravision Communications by 56.9% in the fourth quarter. Graham Capital Management L.P. now owns 17,026 shares of the company’s stock worth $40,000 after acquiring an additional 6,175 shares in the last quarter. Barclays PLC grew its stake in shares of 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 stake in shares of Entravision Communications by 30.4% in the fourth quarter. Wells Fargo & Company MN now owns 34,969 shares of the company’s stock worth $82,000 after acquiring an additional 8,159 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Entravision Communications by 11.0% in the fourth quarter. Bank of America Corp DE now owns 121,489 shares of the company’s stock worth $286,000 after acquiring an additional 12,043 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Entravision Communications Price Performance

Entravision Communications stock opened at $2.22 on Tuesday. The stock has a market cap of $202.24 million, a P/E ratio of -1.79 and a beta of 1.49. The company has a fifty day simple moving average of $1.93 and a 200-day simple moving average of $2.14. Entravision Communications Co. has a 12-month low of $1.58 and a 12-month high of $2.73. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.90.

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

Entravision Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 9.00%. Entravision Communications’s dividend payout ratio is presently -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.