5 Penny Stocks that Captured the Attention of Billionaires

2. Entravision Communications Corp (NYSE:EVC)

Number of Billionaire Investors: 10

American media company Entravision Communications Corp (NYSE:EVC) operates TV and radio stations with a focus on Spanish language programming. The stock jumped in October after Entravision Communications Corp (NYSE:EVC) entered into a deal with Pinterest. As part of the deal, the TV company Entravision Communications Corp (NYSE:EVC) will offer services to advertisers in countries worldwide where Pinterest isn’t currently serving ads.

As of the end of the third quarter of 2023, 10 billionaires reported owning stakes in Entravision Communications Corp (NYSE:EVC) as of the end of the third quarter of 2023. The biggest hedge fund stakeholder of Entravision Communications Corp (NYSE:EVC) was Chuck Royce’s Royce & Associates which owns a $12 million stake in Entravision Communications Corp (NYSE:EVC).