Entravision Communications Co. (NYSE:EVC) Sees Significant Decrease in Short Interest

Entravision Communications Co. (NYSE:EVC) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 1,120,000 shares, a decline of 11.1% from the November 15th total of 1,260,000 shares. Based on an average daily trading volume, of 242,000 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Investors Weigh In On Entravision Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Entravision Communications by 9.0% during the first quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock valued at $5,291,000 after buying an additional 266,642 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Entravision Communications by 1.1% in the second quarter. Renaissance Technologies LLC now owns 2,358,043 shares of the company’s stock worth $4,787,000 after acquiring an additional 26,700 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Entravision Communications by 3.4% in the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock valued at $3,033,000 after acquiring an additional 48,773 shares during the last quarter. State Street Corp raised its position in shares of Entravision Communications by 5.9% during the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company’s stock valued at $2,845,000 after acquiring an additional 76,622 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Entravision Communications by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 704,510 shares of the company’s stock worth $1,430,000 after buying an additional 25,681 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communications Stock Down 2.9 %

EVC stock traded down $0.07 during trading hours on Tuesday, hitting $2.36. The company’s stock had a trading volume of 1,703,017 shares, compared to its average volume of 556,580. The company has a market capitalization of $212.37 million, a PE ratio of -1.92 and a beta of 0.97. The stock has a 50 day moving average price of $2.36 and a two-hundred day moving average price of $2.13. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90. Entravision Communications has a 12 month low of $1.33 and a 12 month high of $4.41.

Entravision Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, December 16th. This represents a $0.20 annualized dividend and a yield of 8.47%. Entravision Communications’s dividend payout ratio (DPR) is currently -16.13%.

Entravision Communications Company 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.