Jacobs Levy Equity Management Inc. Makes New $80,000 Investment in Entravision Communications Co. (NYSE:EVC)

Jacobs Levy Equity Management Inc. bought a new position in Entravision Communications Co. (NYSE:EVC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,808 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVC. Vanguard Group Inc. lifted its position in Entravision Communications by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock worth $5,291,000 after buying an additional 266,642 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Entravision Communications by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 704,510 shares of the company’s stock worth $1,430,000 after buying an additional 25,681 shares in the last quarter. Rhumbline Advisers lifted its position in Entravision Communications by 15.5% in the 2nd quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock worth $195,000 after buying an additional 12,880 shares in the last quarter. Founders Financial Securities LLC purchased a new stake in Entravision Communications in the 2nd quarter worth approximately $33,000. Finally, Renaissance Technologies LLC lifted its position in Entravision Communications by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,358,043 shares of the company’s stock worth $4,787,000 after buying an additional 26,700 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Entravision Communications Stock Up 1.0 %

EVC stock opened at $2.58 on Wednesday. The company has a market cap of $231.72 million, a price-to-earnings ratio of -2.08 and a beta of 0.97. The company has a 50 day moving average of $2.33 and a two-hundred day moving average of $2.12. 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 $1.33 and a 12-month high of $4.41.

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.77%. Entravision Communications’s dividend payout ratio is currently -16.13%.

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.