Intech Investment Management LLC Buys Shares of 30,029 Entravision Communications Co. (NYSE:EVC)

Intech Investment Management LLC purchased a new stake in shares of Entravision Communications Co. (NYSE:EVC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 30,029 shares of the company’s stock, valued at approximately $71,000.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its stake in Entravision Communications by 3.4% in the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock valued at $3,033,000 after purchasing an additional 48,773 shares in the last quarter. State Street Corp grew its stake in shares of Entravision Communications by 5.9% in the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company’s stock valued at $2,845,000 after buying an additional 76,622 shares in the last quarter. Empowered Funds LLC increased its holdings in Entravision Communications by 5.1% in the fourth quarter. Empowered Funds LLC now owns 438,144 shares of the company’s stock worth $1,030,000 after buying an additional 21,422 shares during the last quarter. Barclays PLC raised its position in Entravision Communications by 60.5% during the third quarter. Barclays PLC now owns 169,068 shares of the company’s stock valued at $351,000 after acquiring an additional 63,699 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Entravision Communications by 40.0% in the third quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock valued at $315,000 after acquiring an additional 43,499 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Entravision Communications Stock Performance

EVC stock opened at $2.10 on Friday. The company has a market capitalization of $190.59 million, a price-to-earnings ratio of -1.69 and a beta of 0.93. The firm has a 50 day moving average of $2.14 and a two-hundred day moving average of $2.24. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90. Entravision Communications Co. has a 12 month low of $1.58 and a 12 month high of $2.73.

Entravision Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 9.55%. The ex-dividend date of this dividend is Monday, March 17th. Entravision Communications’s payout ratio is -12.12%.

About Entravision Communications

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.