What Do Hedge Funds Think of Entravision Communication (EVC)?

With a general bullishness amongst the heavyweights, key money managers have been driving this bullishness. Fisher Asset Management, managed by Ken Fisher, created the most outsized position in Entravision Communication (NYSE:EVC). Fisher Asset Management had $2.6 million invested in the company at the end of the quarter. Paul Hondros’s AlphaOne Capital Partners also initiated a $2.6 million position during the quarter. The other funds with new positions in the stock are Robert B. Gillam’s McKinley Capital Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Chao Ku’s Nine Chapters Capital Management.

Let’s also examine hedge fund activity in other stocks similar to Entravision Communication (NYSE:EVC). We will take a look at National Presto Industries Inc. (NYSE:NPK), CalAmp Corp. (NASDAQ:CAMP), Iridium Communications Inc. (NASDAQ:IRDM), and Ashford Hospitality Trust, Inc. (NYSE:AHT). This group of stocks’ market caps match EVC’s market cap.

As you can see these stocks had an average of 13.75 hedge funds with bullish positions and the average amount invested in these stocks was $53 million. That figure was $94 million in EVC’s case. Ashford Hospitality Trust, Inc. (NYSE:AHT) is the most popular stock in this table. On the other hand National Presto Industries Inc. (NYSE:NPK) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Entravision Communication (NYSE:EVC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.