Entravision Communications Corporation $EVC Stock Holdings Decreased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its stake in Entravision Communications Corporation (NYSE:EVC) by 27.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 196,179 shares of the company’s stock after selling 73,474 shares during the period. Jacobs Levy Equity Management Inc. owned 0.22% of Entravision Communications worth $412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC bought a new stake in shares of Entravision Communications in the 1st quarter worth about $28,000. Corsair Capital Management L.P. bought a new stake in shares of Entravision Communications in the 1st quarter worth about $55,000. MetLife Investment Management LLC increased its position in shares of Entravision Communications by 35.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after purchasing an additional 6,991 shares during the last quarter. Nuveen LLC bought a new stake in shares of Entravision Communications in the 1st quarter worth about $366,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Entravision Communications in the 1st quarter worth about $31,000. Institutional investors own 69.46% of the company’s stock.

Entravision Communications Price Performance

EVC opened at $2.48 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.48 and a current ratio of 2.48. Entravision Communications Corporation has a 1-year low of $1.58 and a 1-year high of $2.73. The company has a 50-day moving average of $2.44 and a 200-day moving average of $2.18. The company has a market capitalization of $225.18 million, a P/E ratio of -1.87 and a beta of 1.56.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.04) earnings per share for the quarter. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%. The business had revenue of $100.74 million for the quarter.

Entravision Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Entravision Communications’s dividend payout ratio is currently -15.15%.

Insider Buying and Selling at Entravision Communications

In related news, major shareholder Alexandra Seros sold 41,078 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $2.31, for a total transaction of $94,890.18. Following the completion of the sale, the insider owned 11,320,143 shares of the company’s stock, valued at $26,149,530.33. This represents a 0.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 500,000 shares of company stock worth $1,223,130. 8.34% of the stock is owned by corporate insiders.

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.