Entravision Communications Co. (NYSE:EVC) Shares Bought by Gate City Capital Management LLC

Gate City Capital Management LLC raised its holdings in Entravision Communications Co. (NYSE:EVC - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,473,634 shares of the company's stock after purchasing an additional 668,031 shares during the quarter. Entravision Communications comprises approximately 14.9% of Gate City Capital Management LLC's portfolio, making the stock its largest holding. Gate City Capital Management LLC owned about 11.64% of Entravision Communications worth $24,613,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new stake in Entravision Communications in the 4th quarter valued at approximately $29,000. Walleye Capital LLC acquired a new stake in shares of Entravision Communications in the 4th quarter valued at approximately $32,000. Marshall Wace LLP purchased a new stake in shares of Entravision Communications in the fourth quarter valued at approximately $45,000. MetLife Investment Management LLC purchased a new stake in shares of Entravision Communications in the fourth quarter valued at approximately $46,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Entravision Communications during the fourth quarter worth $47,000. Institutional investors and hedge funds own 69.46% of the company's stock.

Entravision Communications Price Performance

NYSE:EVC traded down $0.06 during trading hours on Wednesday, hitting $1.95. The company's stock had a trading volume of 68,793 shares, compared to its average volume of 352,245. The company has a market capitalization of $177.40 million, a PE ratio of -1.57 and a beta of 1.47. Entravision Communications Co. has a 52-week low of $1.58 and a 52-week high of $2.73. The business's 50-day moving average is $1.95 and its two-hundred day moving average is $2.20. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.70 and a current ratio of 2.70.

Entravision Communications (NYSE:EVC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (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 company 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend is Monday, June 16th. Entravision Communications's dividend payout ratio is currently -12.27%.

Entravision Communications Company 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.