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

Entravision Communications Co. (NYSE:EVC) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 1,510,000 shares, an increase of 12.7% from the July 31st total of 1,340,000 shares. Based on an average trading volume of 462,800 shares, the short-interest ratio is currently 3.3 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Entravision Communications from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th.

Hedge Funds Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Algert Global LLC grew its stake in Entravision Communications by 421.4% in the 2nd quarter. Algert Global LLC now owns 64,864 shares of the company’s stock worth $132,000 after buying an additional 52,424 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Entravision Communications by 122.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,154 shares of the company’s stock valued at $59,000 after purchasing an additional 16,072 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Entravision Communications by 206.8% in the 2nd quarter. Gabelli Funds LLC now owns 135,000 shares of the company’s stock valued at $274,000 after purchasing an additional 91,000 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Entravision Communications in the 2nd quarter valued at $46,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Entravision Communications by 46.3% in the 2nd quarter. Hsbc Holdings PLC now owns 106,841 shares of the company’s stock valued at $221,000 after purchasing an additional 33,812 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Entravision Communications Price Performance

Shares of NYSE:EVC opened at $2.08 on Friday. The company has a 50 day moving average of $2.00 and a 200 day moving average of $2.17. The stock has a market cap of $186.20 million, a P/E ratio of -2.77 and a beta of 0.99. Entravision Communications has a 12 month low of $1.33 and a 12 month high of $4.41. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.13.

Entravision Communications (NYSE:EVC) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter. Entravision Communications had a negative net margin of 5.79% and a negative return on equity of 7.80%. The business had revenue of $82.65 million during the quarter.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.05 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 9.62%. Entravision Communications’s dividend payout ratio is presently -26.67%.

About Entravision Communications

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.