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

Shares of Entravision Communications Corporation (NYSE:EVC - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.90 and traded as high as $3.64. Entravision Communications shares last traded at $3.6370, with a volume of 165,431 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Entravision Communications in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Entravision Communications currently has an average rating of "Sell".

Entravision Communications Stock Performance

The company has a market cap of $334.46 million, a price-to-earnings ratio of -4.13 and a beta of 1.21. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $2.90.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.5%. The ex-dividend date was Tuesday, March 17th. Entravision Communications's dividend payout ratio (DPR) is -22.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. 3Chopt Investment Partners LLC acquired a new position in shares of Entravision Communications during the 1st quarter worth about $46,000. Hsbc Holdings PLC grew its holdings in Entravision Communications by 24.0% in the 4th quarter. Hsbc Holdings PLC now owns 78,950 shares of the company's stock valued at $231,000 after buying an additional 15,299 shares during the last quarter. XTX Topco Ltd grew its holdings in Entravision Communications by 78.0% in the 4th quarter. XTX Topco Ltd now owns 18,526 shares of the company's stock valued at $54,000 after buying an additional 8,120 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Entravision Communications in the 4th quarter worth approximately $128,000. Finally, Corsair Capital Management L.P. lifted its holdings in shares of Entravision Communications by 68.5% during the fourth quarter. Corsair Capital Management L.P. now owns 221,504 shares of the company's stock worth $649,000 after buying an additional 90,023 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

Entravision Communications Company Profile

Entravision Communications Corporation NYSE: EVC is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.

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