Entravision Communications Corporation $EVC Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Entravision Communications by 3.3%, selling 316,911 shares, and now owns approximately 10.13% of the company valued at $19.4 million.
• Entravision Communications declared a quarterly dividend of $0.05 per share with an ex-dividend date of September 16, representing an annualized yield of 8.0%.
• The company's stock has shown a significant 52-week range between $1.58 and $2.73, with a current price of $2.4850 as of the latest trading day.

American Century Companies Inc. decreased its stake in shares of Entravision Communications Corporation (NYSE:EVC - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,218,050 shares of the company's stock after selling 316,911 shares during the quarter. American Century Companies Inc. owned about 10.13% of Entravision Communications worth $19,358,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in Entravision Communications during the fourth quarter worth approximately $29,000. Walleye Capital LLC purchased a new position in Entravision Communications during the fourth quarter worth approximately $32,000. Kingsview Wealth Management LLC purchased a new position in Entravision Communications during the first quarter worth approximately $31,000. Graham Capital Management L.P. lifted its position in Entravision Communications by 56.9% during the fourth quarter. Graham Capital Management L.P. now owns 17,026 shares of the company's stock worth $40,000 after buying an additional 6,175 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Entravision Communications by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 17,318 shares of the company's stock worth $41,000 after buying an additional 5,699 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company's stock.

Entravision Communications Trading Down 1.7%

NYSE:EVC traded down $0.05 on Thursday, reaching $2.54. The company's stock had a trading volume of 125,694 shares, compared to its average volume of 284,278. Entravision Communications Corporation has a 12-month low of $1.58 and a 12-month high of $2.73. The stock has a 50 day moving average price of $2.41 and a 200 day moving average price of $2.15. The firm has a market cap of $230.63 million, a price-to-earnings ratio of -1.92 and a beta of 1.57. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.91.

Entravision Communications (NYSE:EVC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $100.74 million for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.9%. Entravision Communications's dividend payout ratio is currently -15.15%.

Insider Buying and Selling at Entravision Communications

In other news, major shareholder Alexandra Seros sold 36,836 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $2.35, for a total transaction of $86,564.60. Following the completion of the transaction, the insider directly owned 11,738,341 shares in the company, valued at approximately $27,585,101.35. This represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 165,294 shares of company stock worth $399,428. Corporate insiders own 8.34% of the company's stock.

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.