Kingdom Capital Advisors’ Re-established a Position in Entravision (EVC). Here’s Why

Soumya Eswaran Fri, July 10, 2026 at 8:12 AM EDT 3 min read **

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Kingdom Capital Advisors, a registered investment advisor, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. In Q2 2026, Kingdom Capital Advisors' KCA Value Composite returned 11.97% net of fees. YTD, the composite returned 20.94% net of fees compared to 22.57% for the Russell 2000 TR, 10.18% for the S&P 500 TR, and 20.31% for the Nasdaq 100 TR. The composite maintained a balanced portfolio of special situations and deep value investments, positioning well for attractive returns ahead. In addition, please check the Composite's top five holdings to know its best picks in 2026.

In its Q2 2026 investor letter, Kingdom Capital Advisors highlighted Entravision Communications Corporation (NYSE:EVC). Entravision Communications Corporation (NYSE:EVC) is a US based media and advertising technology company that operates television and radio stations. On July 9, 2026, Entravision Communications Corporation (NYSE:EVC) closed at $12.08 per share, reflecting a market capitalization of $1.11 billion. Entravision Communications Corporation (NYSE:EVC) posted a one-month return of 25.05%, while its shares gained 383.20% over the past 52 weeks.

Kingdom Capital Advisors stated the following regarding Entravision Communications Corporation (NYSE:EVC) in its Q2 2026 investor update:

"We made a notable re-entry into Entravision Communications Corporation** (NYSE:EVC) during Q2 after spending the past year on the sidelines. Our prior thesis centered on the latent value of the company's broadcast business and spectrum assets. Today, the investment case increasingly centers on Smadex, the company's ad-tech platform, which generated $34 million of operating income in Q1 and grew revenue more than 200%. Even assuming no further sequential growth in FY26, we believe the market is assigning Smadex a single-digit earnings multiple, while giving limited credit to the company's spectrum assets. Based on comparable transactions and public-market valuations, we estimate Smadex alone could be worth $15–20 per share, with additional upside if the business continues to diversify its customer base. Walmart just bought a competitor, Vibe, for over $1B, which was doing less than a third of the revenue of Smadex. Peer Liftoff (LFTO) also just came public at a significant premium to Smadex's valuation."

Entravision Communications Corporation (NYSE:EVC) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 16 hedge fund portfolios held Entravision Communications Corporation (NYSE:EVC) at the end of the first quarter, up from 14 in the previous quarter. In Q1 2026, Entravision Communications Corporation's (NYSE:EVC) consolidated revenue increased 114% year-over-year to $197 million. While we acknowledge the potential of Entravision Communications Corporation (NYSE:EVC) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.

Story Continues In another article, we covered Entravision Communications Corporation (NYSE:EVC) and shared the list of best performing NYSE stocks so far in 2026. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.