Voya Investment Management LLC Reduces Holdings in Entravision Communications Co. (NYSE:EVC)

Voya Investment Management LLC lowered its position in shares of Entravision Communications Co. (NYSE:EVC) by 27.4% during the fourth quarter, HoldingsChannel reports. The firm owned 62,177 shares of the company’s stock after selling 23,470 shares during the period. Voya Investment Management LLC’s holdings in Entravision Communications were worth $146,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EVC. Boston Partners bought a new stake in shares of Entravision Communications in the fourth quarter worth $2,358,000. Empowered Funds LLC increased its stake in Entravision Communications by 5.1% during the fourth quarter. Empowered Funds LLC now owns 438,144 shares of the company’s stock valued at $1,030,000 after purchasing an additional 21,422 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Entravision Communications by 62.4% during the fourth quarter. SG Americas Securities LLC now owns 34,842 shares of the company’s stock valued at $82,000 after acquiring an additional 13,391 shares during the period. Barclays PLC boosted its holdings in shares of 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 during the period. Finally, MetLife Investment Management LLC acquired a new position in shares of Entravision Communications during the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Entravision Communications Stock Performance

EVC stock opened at $1.95 on Thursday. The company has a market capitalization of $177.40 million, a P/E ratio of -1.57 and a beta of 1.47. The company has a 50-day simple moving average of $1.95 and a 200 day simple moving average of $2.20. Entravision Communications Co. has a fifty-two week low of $1.58 and a fifty-two week high of $2.73. 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 (NYSE:EVC) last posted its quarterly earnings data 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 10.26%. The ex-dividend date is Monday, June 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -12.27%.

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.