Entravision Communications Co. (NYSE:EVC) Short Interest Down 11.1% in November

Entravision Communications Co. (NYSE:EVC) was the target of a large decline in short interest in the month of 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 volume of 242,000 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Investors Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Entravision Communications by 60.5% in the third quarter. Barclays PLC now owns 169,068 shares of the company’s stock valued at $351,000 after purchasing an additional 63,699 shares during the last quarter. Geode Capital Management LLC increased its stake in Entravision Communications by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock valued at $3,033,000 after buying an additional 48,773 shares during the last quarter. Jane Street Group LLC lifted its position in Entravision Communications by 40.0% during the 3rd quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock worth $315,000 after buying an additional 43,499 shares in the last quarter. State Street Corp boosted its stake 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 worth $2,845,000 after buying an additional 76,622 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Entravision Communications during the 3rd quarter worth about $80,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Entravision Communications Stock Down 2.9 %

EVC stock traded down $0.07 during mid-day trading on Tuesday, hitting $2.36. 1,703,017 shares of the company were exchanged, compared to its average volume of 556,580. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.70 and a current ratio of 2.70. Entravision Communications has a 1-year low of $1.33 and a 1-year high of $4.41. The firm’s 50 day simple moving average is $2.36 and its 200 day simple moving average is $2.13. The firm has a market cap of $212.37 million, a P/E ratio of -1.92 and a beta of 0.97.

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 dividend on an annualized basis and a dividend yield of 8.47%. Entravision Communications’s payout ratio 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.