Entravision Communications Co. (NYSE:EVC) Short Interest Update

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

Hedge Funds Weigh In On Entravision Communications

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in shares of Entravision Communications by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 704,510 shares of the company’s stock valued at $1,430,000 after buying an additional 25,681 shares in the last quarter. Rhumbline Advisers grew its position in shares of Entravision Communications by 15.5% in the second quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock valued at $195,000 after purchasing an additional 12,880 shares during the period. Founders Financial Securities LLC acquired a new position in shares of Entravision Communications during the 2nd quarter worth about $33,000. Renaissance Technologies LLC increased its stake in Entravision Communications by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,358,043 shares of the company’s stock worth $4,787,000 after buying an additional 26,700 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in 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 Stock Performance

EVC opened at $2.35 on Thursday. The stock has a market cap of $211.47 million, a P/E ratio of -1.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.70 and a quick ratio of 2.70. The firm has a fifty day moving average price of $2.42 and a 200 day moving average price of $2.16. Entravision Communications has a 1 year low of $1.33 and a 1 year high of $4.41.

Entravision Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend was Monday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -16.13%.

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.