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) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 1,060,000 shares, an increase of 29.0% from the July 31st total of 821,600 shares. Based on an average trading volume of 250,700 shares, the short-interest ratio is currently 4.2 days. Based on an average trading volume of 250,700 shares, the short-interest ratio is currently 4.2 days.

Insider Activity at Entravision Communications

In related news, major shareholder Alexandra Seros sold 41,078 shares of Entravision Communications stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $2.31, for a total transaction of $94,890.18. Following the completion of the sale, the insider owned 11,320,143 shares of the company's stock, valued at approximately $26,149,530.33. The trade was a 0.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 500,000 shares of company stock worth $1,223,130. Insiders own 8.34% of the company's stock.

Hedge Funds Weigh In On Entravision Communications

Several hedge funds and other institutional investors have recently made changes to their positions in EVC. AQR Capital Management LLC acquired a new position in shares of Entravision Communications in the 1st quarter valued at approximately $28,000. The Manufacturers Life Insurance Company acquired a new position in shares of Entravision Communications in the 4th quarter valued at approximately $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Entravision Communications in the 2nd quarter valued at approximately $30,000. Kingsview Wealth Management LLC acquired a new position in shares of Entravision Communications in the 1st quarter valued at approximately $31,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Entravision Communications in the 2nd quarter valued at approximately $38,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communications Stock Performance

Shares of EVC stock traded up $0.11 during midday trading on Friday, hitting $2.48. 562,945 shares of the company were exchanged, compared to its average volume of 197,277. The firm has a market capitalization of $225.18 million, a P/E ratio of -1.87 and a beta of 1.56. 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 firm's 50 day moving average price is $2.44 and its two-hundred day moving average price is $2.18. Entravision Communications has a 52 week low of $1.58 and a 52 week 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 business had revenue of $100.74 million during the quarter. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.05 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 8.1%. Entravision Communications's payout ratio is presently -15.15%.

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.