Bank of New York Mellon Corp Lowers Position in Entravision Communications Co. (NYSE:EVC)

Bank of New York Mellon Corp reduced its stake in Entravision Communications Co. (NYSE:EVC) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 614,662 shares of the company’s stock after selling 46,310 shares during the quarter. Bank of New York Mellon Corp’s holdings in Entravision Communications were worth $1,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EVC. State Street Corp grew its stake in 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 purchasing an additional 76,622 shares during the period. Barclays PLC grew its stake in shares of Entravision Communications by 60.5% during the 3rd quarter. Barclays PLC now owns 169,068 shares of the company’s stock worth $351,000 after acquiring an additional 63,699 shares during the period. Geode Capital Management LLC grew its stake in shares of Entravision Communications by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock worth $3,033,000 after acquiring an additional 48,773 shares during the period. Jane Street Group LLC grew its stake in shares of Entravision Communications by 40.0% during the 3rd quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock worth $315,000 after acquiring an additional 43,499 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Entravision Communications during the 3rd quarter worth $80,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

Entravision Communications Stock Up 6.1 %

EVC stock opened at $2.17 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.70 and a current ratio of 2.70. The company has a market capitalization of $196.96 million, a price-to-earnings ratio of -1.75 and a beta of 0.93. Entravision Communications Co. has a fifty-two week low of $1.58 and a fifty-two week high of $2.73. The stock has a fifty day moving average of $2.17 and a 200-day moving average of $2.24.

Entravision Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.05 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.20 annualized dividend and a yield of 9.24%. Entravision Communications’s dividend payout ratio is currently -12.12%.

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.