Nuveen LLC Purchases New Shares in Entravision Communications Corporation $EVC

Key Points

• Nuveen LLC has acquired a new stake in Entravision Communications Corporation, purchasing 174,355 shares valued at approximately $366,000, representing 0.19% of the company.
• Entravision has announced a quarterly dividend of $0.05 per share, translating to an annualized dividend yield of 8.1%.
• Institutional investors now own 69.46% of Entravision's stock, with significant growth from several hedge funds in recent quarters.

Nuveen LLC purchased a new stake in shares of Entravision Communications Corporation (NYSE:EVC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 174,355 shares of the company's stock, valued at approximately $366,000. Nuveen LLC owned 0.19% of Entravision Communications as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of EVC. Gate City Capital Management LLC grew its position in Entravision Communications by 6.8% in the 4th quarter. Gate City Capital Management LLC now owns 10,473,634 shares of the company's stock valued at $24,613,000 after acquiring an additional 668,031 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Entravision Communications by 594.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 269,653 shares of the company's stock valued at $634,000 after acquiring an additional 230,845 shares during the last quarter. Millennium Management LLC grew its position in Entravision Communications by 1,100.5% in the 4th quarter. Millennium Management LLC now owns 204,373 shares of the company's stock valued at $480,000 after acquiring an additional 187,349 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Entravision Communications in the 1st quarter valued at $329,000. Finally, Two Sigma Investments LP grew its position in Entravision Communications by 120.0% in the 4th quarter. Two Sigma Investments LP now owns 142,113 shares of the company's stock valued at $334,000 after acquiring an additional 77,515 shares during the last quarter. Institutional investors own 69.46% of the company's stock.

Insider Activity

In other news, major shareholder Alexandra Seros sold 53,046 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $2.53, for a total transaction of $134,206.38. Following the transaction, the insider owned 11,601,803 shares of the company's stock, valued at approximately $29,352,561.59. This represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 320,970 shares of company stock worth $792,193. 8.34% of the stock is currently owned by corporate insiders.

Entravision Communications Stock Performance

Shares of Entravision Communications stock opened at $2.48 on Friday. The stock's fifty day moving average is $2.44 and its two-hundred day moving average is $2.17. The company has a market capitalization of $225.18 million, a PE ratio of -1.87 and a beta of 1.56. 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 Corporation has a 52 week low of $1.58 and a 52 week high of $2.73.

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

Entravision Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.1%. Entravision Communications's dividend payout ratio is presently -15.15%.

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.

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