Fidelis Capital Partners LLC Takes Position in Entravision Communications Co. (NYSE:EVC)

Fidelis Capital Partners LLC purchased a new position in shares of Entravision Communications Co. (NYSE:EVC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,888 shares of the company’s stock, valued at approximately $46,000.

Other large investors have also recently added to or reduced their stakes in the company. Founders Financial Securities LLC acquired a new position in Entravision Communications during the 2nd quarter worth approximately $33,000. SG Americas Securities LLC raised its position in Entravision Communications by 51.2% in the first quarter. SG Americas Securities LLC now owns 24,437 shares of the company’s stock worth $40,000 after acquiring an additional 8,280 shares in the last quarter. Rhumbline Advisers lifted its holdings in Entravision Communications by 15.5% in the second quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock valued at $195,000 after acquiring an additional 12,880 shares during the period. Hsbc Holdings PLC lifted its holdings in Entravision Communications by 46.3% in the second 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 period. Finally, Empowered Funds LLC boosted its position in shares of Entravision Communications by 8.2% during the 1st quarter. Empowered Funds LLC now owns 367,110 shares of the company’s stock worth $602,000 after purchasing an additional 27,792 shares in the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Entravision Communications Price Performance

Shares of NYSE:EVC opened at $1.92 on Tuesday. The firm has a market capitalization of $171.88 million, a price-to-earnings ratio of -2.56 and a beta of 0.98. 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 business’s 50 day simple moving average is $1.99 and its 200-day simple moving average is $1.98. Entravision Communications Co. has a 12 month low of $1.33 and a 12 month high of $4.41.

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

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 10.42%. The ex-dividend date is Monday, September 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -26.67%.

Wall Street Analysts Forecast Growth

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

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.