Entravision Communications Corporation (NYSE:EVC) Short Interest Up 29.0% in August

Key Points

• Entravision Communications Corporation experienced a significant increase in short interest in August, rising by 29.0% to a total of 1,060,000 shares.
• The company's stock recently traded at $2.48, with a market capitalization of $225.17 million and a negative PE ratio of -1.87.
• Entravision announced a quarterly dividend of $0.05 to be paid on September 30th, representing an annualized yield of 8.1%.

Entravision Communications Corporation (NYSE:EVC - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 1,060,000 shares, a growth of 29.0% from the July 31st total of 821,600 shares. Based on an average trading volume of 250,700 shares, the days-to-cover ratio is presently 4.2 days. Based on an average trading volume of 250,700 shares, the days-to-cover ratio is presently 4.2 days.

Entravision Communications Stock Down 0.6%

EVC traded down $0.02 during mid-day trading on Tuesday, reaching $2.48. 138,202 shares of the stock were exchanged, compared to its average volume of 279,761. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.48 and a current ratio of 2.48. The stock has a market capitalization of $225.17 million, a PE ratio of -1.87 and a beta of 1.56. The company has a 50 day moving average price of $2.44 and a two-hundred day moving average price of $2.17. Entravision Communications has a 1 year low of $1.58 and a 1 year high of $2.73.

Entravision Communications (NYSE:EVC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $100.74 million for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.

Entravision Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Entravision Communications's payout ratio is -15.15%.

Insider Transactions at Entravision Communications

In other Entravision Communications news, major shareholder Alexandra Seros sold 53,046 shares of Entravision Communications stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $2.53, for a total transaction of $134,206.38. Following the transaction, the insider directly owned 11,601,803 shares of the company's stock, valued at $29,352,561.59. The trade was a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 400,397 shares of company stock worth $988,951. 8.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in EVC. American Century Companies Inc. boosted its holdings in shares of Entravision Communications by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 10,202,560 shares of the company's stock worth $23,670,000 after buying an additional 984,510 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Entravision Communications by 594.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 269,653 shares of the company's stock worth $634,000 after buying an additional 230,845 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Entravision Communications by 1,100.5% in the 4th quarter. Millennium Management LLC now owns 204,373 shares of the company's stock worth $480,000 after buying an additional 187,349 shares during the last quarter. Nuveen LLC purchased a new position in shares of Entravision Communications in the 1st quarter worth about $366,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Entravision Communications in the 1st quarter worth about $329,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

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.

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