The Manufacturers Life Insurance Company Has $59,000 Position in Entravision Communications Co. (NYSE:EVC)

The Manufacturers Life Insurance Company grew its stake in shares of Entravision Communications Co. (NYSE:EVC) by 122.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 29,154 shares of the company’s stock after acquiring an additional 16,072 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Entravision Communications were worth $59,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Founders Financial Securities LLC bought a new stake in shares of Entravision Communications during the 2nd quarter valued at approximately $33,000. SG Americas Securities LLC grew its stake in shares of Entravision Communications by 51.2% during the first quarter. SG Americas Securities LLC now owns 24,437 shares of the company’s stock worth $40,000 after buying an additional 8,280 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Entravision Communications during the second quarter worth $46,000. Rhumbline Advisers increased its holdings in shares of Entravision Communications by 15.5% during the second quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock worth $195,000 after buying an additional 12,880 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Entravision Communications by 46.3% in the 2nd quarter. Hsbc Holdings PLC now owns 106,841 shares of the company’s stock valued at $221,000 after acquiring an additional 33,812 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Entravision Communications Stock Down 2.4 %

Shares of NYSE EVC opened at $2.21 on Tuesday. Entravision Communications Co. has a 1 year low of $1.33 and a 1 year high of $4.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.04 and a quick ratio of 3.04. The firm has a market cap of $197.39 million, a PE ratio of -2.94 and a beta of 0.98. The company has a 50 day simple moving average of $2.02 and a 200 day simple moving average of $2.05.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter. The company had revenue of $82.65 million for the quarter. Entravision Communications had a negative net margin of 10.06% and a negative return on equity of 5.24%.

Entravision Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.05 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 9.07%. Entravision Communications’s payout ratio is -26.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Entravision Communications from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th.

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.