Millennium Management LLC Raises Position in Entravision Communications Co. (NYSE:EVC)

Millennium Management LLC boosted its stake in Entravision Communications Co. (NYSE:EVC - Free Report) by 1,100.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,373 shares of the company's stock after purchasing an additional 187,349 shares during the quarter. Millennium Management LLC owned approximately 0.23% of Entravision Communications worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in Entravision Communications during the fourth quarter worth about $29,000. Walleye Capital LLC bought a new position in shares of Entravision Communications in the 4th quarter worth approximately $32,000. Graham Capital Management L.P. boosted its holdings in shares of Entravision Communications by 56.9% during the 4th quarter. Graham Capital Management L.P. now owns 17,026 shares of the company's stock valued at $40,000 after buying an additional 6,175 shares in the last quarter. Marshall Wace LLP purchased a new stake in Entravision Communications in the fourth quarter worth about $45,000. Finally, MetLife Investment Management LLC purchased a new position in 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 Down 7.3%

EVC stock traded down $0.17 during trading on Friday, hitting $2.09. 373,418 shares of the stock traded hands, compared to its average volume of 341,216. The stock has a market cap of $189.68 million, a price-to-earnings ratio of -1.68 and a beta of 1.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.70 and a quick ratio of 2.70. The firm's 50 day moving average is $1.95 and its two-hundred day moving average is $2.15. Entravision Communications Co. has a 1 year low of $1.58 and a 1 year high of $2.73.

Entravision Communications (NYSE:EVC - Get Free Report) last released 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend 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.