Royce & Associates LP Trims Stock Holdings in Entravision Communications Co. (NYSE:EVC)

Royce & Associates LP reduced its stake in Entravision Communications Co. (NYSE:EVC - Free Report) by 88.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,148 shares of the company's stock after selling 214,723 shares during the period. Royce & Associates LP's holdings in Entravision Communications were worth $56,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC increased its stake 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 purchasing an additional 33,812 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Entravision Communications by 51.2% in the 1st 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 during the last quarter. Vanguard Group Inc. boosted its stake in Entravision Communications by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company's stock valued at $5,291,000 after purchasing an additional 266,642 shares during the last quarter. Founders Financial Securities LLC acquired a new position in Entravision Communications during the 2nd quarter valued at about $33,000. Finally, Rhumbline Advisers boosted its stake in Entravision Communications by 15.5% during the 2nd quarter. Rhumbline Advisers now owns 96,011 shares of the company's stock valued at $195,000 after purchasing an additional 12,880 shares during the last quarter. 69.46% of the stock is owned by institutional investors.

Entravision Communications Stock Up 3.3 %

EVC stock traded up $0.08 during mid-day trading on Thursday, reaching $2.47. 160,099 shares of the company traded hands, compared to its average volume of 568,161. The stock has a market cap of $222.28 million, a price-to-earnings ratio of -1.93 and a beta of 0.97. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90. Entravision Communications Co. has a fifty-two week low of $1.33 and a fifty-two week high of $4.41. The firm's 50 day moving average price is $2.21 and its 200 day moving average price is $2.10.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 8.10%. Entravision Communications's dividend payout ratio is currently -16.13%.

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.