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

Entravision Communications Co. (NYSE:EVC) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,180,000 shares, an increase of 5.4% from the November 30th total of 1,120,000 shares. Based on an average daily volume of 323,500 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVC. Hsbc Holdings PLC boosted its holdings in Entravision Communications by 46.3% in the second quarter. Hsbc Holdings PLC now owns 106,841 shares of the company’s stock worth $221,000 after acquiring an additional 33,812 shares in the last quarter. FMR LLC raised its position in shares of Entravision Communications by 104.1% in the 3rd quarter. FMR LLC now owns 35,495 shares of the company’s stock valued at $73,000 after purchasing an additional 18,106 shares during the last quarter. Founders Financial Securities LLC acquired a new stake in Entravision Communications in the 2nd quarter worth approximately $33,000. Rhumbline Advisers grew its position in Entravision Communications by 15.5% during the 2nd quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock worth $195,000 after purchasing an additional 12,880 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in Entravision Communications by 206.8% during 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. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Entravision Communications Stock Up 0.9 %

Shares of EVC opened at $2.35 on Thursday. The firm has a market capitalization of $211.47 million, a P/E ratio of -1.90 and a beta of 0.97. Entravision Communications has a 12-month low of $1.33 and a 12-month high of $4.41. The firm has a fifty day moving average price of $2.42 and a 200-day moving average price of $2.16. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.90.

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 8.51%. Entravision Communications’s dividend payout ratio (DPR) is presently -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.