Jacobs Levy Equity Management Inc. Boosts Position in Entravision Communications Co. (NYSE:EVC)

Jacobs Levy Equity Management Inc. grew its position in shares of Entravision Communications Co. (NYSE:EVC - Free Report) by 594.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,653 shares of the company's stock after purchasing an additional 230,845 shares during the period. Jacobs Levy Equity Management Inc. owned 0.30% of Entravision Communications worth $634,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its holdings 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. SG Americas Securities LLC lifted its holdings in shares of Entravision Communications by 62.4% during the 4th quarter. SG Americas Securities LLC now owns 34,842 shares of the company's stock worth $82,000 after acquiring an additional 13,391 shares during the period. Empowered Funds LLC lifted its holdings in shares of Entravision Communications by 5.1% during the 4th quarter. Empowered Funds LLC now owns 438,144 shares of the company's stock worth $1,030,000 after acquiring an additional 21,422 shares during the period. Intech Investment Management LLC purchased a new position in shares of Entravision Communications during the 4th quarter worth about $71,000. Finally, Boston Partners purchased a new position in shares of Entravision Communications during the 4th quarter worth about $2,358,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Entravision Communications Trading Up 0.8%

Shares of EVC stock traded up $0.02 during trading hours on Friday, hitting $1.91. 99,902 shares of the company were exchanged, compared to its average volume of 345,363. Entravision Communications Co. has a 1 year low of $1.58 and a 1 year high of $2.73. The firm has a fifty day moving average of $1.95 and a 200 day moving average of $2.19. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90. The firm has a market cap of $173.31 million, a PE ratio of -1.54 and a beta of 1.47.

Entravision Communications (NYSE:EVC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS 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. Investors of record on Monday, June 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.20 annualized dividend and a yield of 10.50%. Entravision Communications's payout ratio is -12.27%.

About Entravision Communications

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.