Kingsview Wealth Management LLC Sells 73,317 Shares of Entravision Communications Co. (NYSE:EVC)

Kingsview Wealth Management LLC decreased its holdings in shares of Entravision Communications Co. (NYSE:EVC) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 249,462 shares of the company’s stock after selling 73,317 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.28% of Entravision Communications worth $516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hsbc Holdings PLC increased its position in Entravision Communications by 46.3% during the second quarter. Hsbc Holdings PLC now owns 106,841 shares of the company’s stock worth $221,000 after buying an additional 33,812 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Entravision Communications by 51.2% during 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 266,642 shares during the last quarter. Founders Financial Securities LLC bought a new position in shares of Entravision Communications in the 2nd quarter valued at approximately $33,000. Finally, Rhumbline Advisers raised its stake in shares of Entravision Communications by 15.5% in the 2nd quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock valued at $195,000 after acquiring an additional 12,880 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

Entravision Communications Stock Up 3.0 %

Shares of Entravision Communications stock opened at $2.40 on Thursday. Entravision Communications Co. has a 12-month low of $1.33 and a 12-month high of $4.41. The stock has a market capitalization of $215.98 million, a P/E ratio of -1.94 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. The stock has a 50 day moving average price of $2.25 and a two-hundred day moving average price of $2.11.

Entravision Communications Announces Dividend

The company also recently announced 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 of this dividend is Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 8.33%. Entravision Communications’s payout ratio 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.