BNP Paribas Financial Markets Sells 52,801 Shares of Entravision Communications Co. (NYSE:EVC)

BNP Paribas Financial Markets reduced its holdings in shares of Entravision Communications Co. (NYSE:EVC) by 78.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,685 shares of the company’s stock after selling 52,801 shares during the quarter. BNP Paribas Financial Markets’ holdings in Entravision Communications were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Founders Financial Securities LLC bought a new position in Entravision Communications during the second quarter worth $33,000. SG Americas Securities LLC lifted its stake in shares of Entravision Communications by 67.9% during the 3rd quarter. SG Americas Securities LLC now owns 21,451 shares of the company’s stock worth $44,000 after buying an additional 8,674 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Entravision Communications during the 2nd quarter worth about $46,000. Factorial Partners LLC acquired a new position in Entravision Communications in the 3rd quarter valued at about $52,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Entravision Communications by 122.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,154 shares of the company’s stock valued at $59,000 after acquiring an additional 16,072 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

Entravision Communications Trading Down 1.6 %

Shares of EVC stock opened at $2.46 on Friday. Entravision Communications Co. has a 12-month low of $1.33 and a 12-month high of $4.41. The firm has a 50 day moving average price of $2.38 and a two-hundred day moving average price of $2.14. 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 company has a market capitalization of $221.37 million, a PE ratio of -1.98 and a beta of 0.97.

Entravision Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.05 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.20 annualized dividend and a yield of 8.13%. Entravision Communications’s dividend payout ratio (DPR) is presently -16.13%.

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.