SCHEDULE: American Century Discloses 12.1% Stake in Entravision

American Century Investment Management and affiliated entities report a 12.1% beneficial ownership stake in Entravision Communications Corporation's Class A Common Stock.

Summary

• American Century Investment Management, Inc., American Century Companies, Inc., and Stowers Institute for Medical Research each beneficially own 9,855,247 shares of Entravision Communications Corporation's Class A Common Stock.
• This collective ownership represents 12.1% of the total Class A Common Stock outstanding.
• American Century Capital Portfolios, Inc. beneficially owns 6,763,221 shares, accounting for 8.3% of the class.
• The filing is an Amendment No. 21 to a Schedule 13G, indicating a long-standing investment position.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by institutional investors. It is neutral in sentiment, providing factual information without indicating positive or negative operational performance or outlook for the issuer.

Positives

• Significant institutional ownership by American Century and Stowers Institute, potentially signaling confidence in Entravision Communications Corporation.
• The filing explicitly states the shares are held in the ordinary course of business, not for control purposes, suggesting a passive investment strategy.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional investment in a media and marketing technology company, which is common for large asset managers seeking exposure to specific sectors. The long-term nature (Amendment No. 21) suggests a sustained interest in the company's performance within its industry.

Stakeholder Impact

• Shareholders: The continued significant ownership by major institutional investors like American Century and Stowers Institute may provide a level of stability and confidence in the stock.

Key Dates

Keywords

Entravision Communications Corporation, Class A Common Stock, American Century Investment Management, Stowers Institute for Medical Research, Beneficial Ownership, Schedule 13G, Institutional Investor, SEC Filing, EVC