R Squared Ltd Takes Position in Entravision Communications Corporation $EVC

R Squared Ltd bought a new stake in Entravision Communications Corporation (NYSE:EVC) during the second quarter, HoldingsChannel reports. The firm bought 19,179 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC acquired a new stake in shares of Entravision Communications in the 1st quarter valued at about $28,000. Kingsview Wealth Management LLC acquired a new stake in Entravision Communications during the first quarter worth about $31,000. Corsair Capital Management L.P. acquired a new stake in Entravision Communications during the first quarter worth about $55,000. MetLife Investment Management LLC raised its stake in Entravision Communications by 35.7% during the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after acquiring an additional 6,991 shares during the period. Finally, Jane Street Group LLC raised its stake in Entravision Communications by 146.2% during the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock worth $80,000 after acquiring an additional 22,606 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.

Entravision Communications Price Performance

Shares of NYSE:EVC opened at $2.00 on Monday. The firm’s 50 day moving average is $2.34 and its two-hundred day moving average is $2.23. Entravision Communications Corporation has a 52 week low of $1.58 and a 52 week high of $2.73. The firm has a market capitalization of $181.51 million, a P/E ratio of -1.51 and a beta of 1.56. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.91.

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

Entravision Communications Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend was Tuesday, September 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -15.15%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insider Transactions at Entravision Communications

In other Entravision Communications news, major shareholder Alexandra Seros sold 58,525 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $2.38, for a total transaction of $139,289.50. Following the completion of the transaction, the insider directly owned 11,361,221 shares of the company’s stock, valued at approximately $27,039,705.98. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 500,000 shares of company stock worth $1,223,130. Company insiders own 8.54% of the company’s stock.

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.