Entravision Communications (NYSE:EVC) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Entravision Communications shares crossed above their 200-day moving average, reaching a high of $2.44, with the last price at $2.43 during trading.
• The company reported a quarterly revenue of $100.74 million but posted an EPS of -$0.04, along with negative net margins and return on equity.
• Entravision announced a quarterly dividend of $0.05 per share, translating to an annualized yield of 8.2%, with an ex-dividend date on September 16th.

Shares of Entravision Communications Corporation (NYSE:EVC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.13 and traded as high as $2.44. Entravision Communications shares last traded at $2.43, with a volume of 202,984 shares trading hands.

Entravision Communications Price Performance

The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.91. The firm's fifty day moving average price is $2.38 and its 200 day moving average price is $2.14. The firm has a market capitalization of $223.81 million, a PE ratio of -1.86 and a beta of 1.57.

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

Entravision Communications Announces Dividend

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

Hedge Funds Weigh In On Entravision Communications

A number of large investors have recently added to or reduced their stakes in EVC. American Century Companies Inc. raised its position in Entravision Communications by 10.7% during the second quarter. American Century Companies Inc. now owns 10,202,560 shares of the company's stock worth $23,670,000 after acquiring an additional 984,510 shares during the period. Gate City Capital Management LLC raised its position in shares of Entravision Communications by 6.8% in the fourth quarter. Gate City Capital Management LLC now owns 10,473,634 shares of the company's stock valued at $24,613,000 after buying an additional 668,031 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Entravision Communications by 594.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 269,653 shares of the company's stock valued at $634,000 after buying an additional 230,845 shares during the last quarter. Millennium Management LLC raised its position in shares of Entravision Communications by 1,100.5% in the fourth quarter. Millennium Management LLC now owns 204,373 shares of the company's stock valued at $480,000 after buying an additional 187,349 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Entravision Communications in the first quarter valued at about $366,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.