Short Interest in Entravision Communications Co. (NYSE:EVC) Drops By 5.5%

Entravision Communications Co. (NYSE:EVC) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,380,000 shares, a drop of 5.5% from the September 15th total of 1,460,000 shares. Based on an average daily trading volume, of 341,900 shares, the short-interest ratio is currently 4.0 days.

Entravision Communications Stock Performance

NYSE:EVC opened at $2.19 on Thursday. The company has a 50-day moving average of $1.99 and a 200-day moving average of $2.04. The firm has a market cap of $195.60 million, a price-to-earnings ratio of -2.91 and a beta of 0.98. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. Entravision Communications has a twelve month low of $1.33 and a twelve month high of $4.41.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter. Entravision Communications had a negative net margin of 10.06% and a negative return on equity of 5.24%. The firm had revenue of $82.65 million for the quarter.

Entravision Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 9.15%. The ex-dividend date of this dividend was Monday, September 16th. Entravision Communications’s dividend payout ratio is -26.67%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Entravision Communications

Hedge funds and other institutional investors have recently modified their holdings of the stock. Founders Financial Securities LLC purchased a new stake in Entravision Communications during the second quarter valued at about $33,000. SG Americas Securities LLC raised its holdings in shares of Entravision Communications by 51.2% during the first quarter. SG Americas Securities LLC now owns 24,437 shares of the company’s stock valued at $40,000 after acquiring an additional 8,280 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Entravision Communications in the 2nd quarter valued at approximately $46,000. The Manufacturers Life Insurance Company boosted its stake in Entravision Communications by 122.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,154 shares of the company’s stock worth $59,000 after purchasing an additional 16,072 shares during the period. Finally, Algert Global LLC grew its position in Entravision Communications by 421.4% during the 2nd quarter. Algert Global LLC now owns 64,864 shares of the company’s stock worth $132,000 after purchasing an additional 52,424 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.