Entravision Communications Co. (NYSE:EVC) Shares Acquired by Algert Global LLC

Algert Global LLC increased its position in shares of Entravision Communications Co. (NYSE:EVC) by 421.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,864 shares of the company’s stock after buying an additional 52,424 shares during the quarter. Algert Global LLC owned about 0.07% of Entravision Communications worth $132,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Entravision Communications by 9.0% in the first quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock valued at $5,291,000 after buying an additional 266,642 shares during the last quarter. Renaissance Technologies LLC raised its stake in Entravision Communications by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,358,043 shares of the company’s stock valued at $4,787,000 after acquiring an additional 26,700 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Entravision Communications by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 704,510 shares of the company’s stock worth $1,430,000 after acquiring an additional 25,681 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Entravision Communications by 68.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 436,000 shares of the company’s stock valued at $715,000 after purchasing an additional 176,500 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Entravision Communications by 8.2% during the first quarter. Empowered Funds LLC now owns 367,110 shares of the company’s stock worth $602,000 after purchasing an additional 27,792 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Entravision Communications Trading Up 3.4 %

NYSE EVC opened at $2.13 on Friday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $190.68 million, a P/E ratio of -2.84 and a beta of 0.98. Entravision Communications Co. has a 52-week low of $1.33 and a 52-week high of $4.41. The firm has a 50-day moving average price of $1.97 and a 200 day moving average price of $2.02.

Entravision Communications (NYSE:EVC) last issued its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter. Entravision Communications had a negative return on equity of 5.24% and a negative net margin of 10.06%. The business had revenue of $82.65 million during the quarter.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.39%. Entravision Communications’s dividend payout ratio (DPR) is presently -26.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Entravision Communications from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th.

Entravision Communications 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.