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

Entravision Communications Co. (NYSE:EVC) was the recipient of a significant decline in short interest during 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 trading volume of 242,000 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Trading of Entravision Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Entravision Communications by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock valued at $5,291,000 after acquiring an additional 266,642 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Entravision Communications by 206.8% in the 2nd quarter. Gabelli Funds LLC now owns 135,000 shares of the company’s stock valued at $274,000 after purchasing an additional 91,000 shares during the last quarter. State Street Corp grew its stake in shares of Entravision Communications by 5.9% in the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company’s stock valued at $2,845,000 after buying an additional 76,622 shares during the period. Barclays PLC increased its holdings in shares of Entravision Communications by 60.5% during the 3rd quarter. Barclays PLC now owns 169,068 shares of the company’s stock worth $351,000 after buying an additional 63,699 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of Entravision Communications by 421.4% during the 2nd quarter. Algert Global LLC now owns 64,864 shares of the company’s stock valued at $132,000 after buying an additional 52,424 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

Entravision Communications Price Performance

Shares of Entravision Communications stock traded down $0.07 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 quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $2.36 and a 200 day moving average price of $2.13. The stock has a market capitalization of $212.37 million, a price-to-earnings ratio of -1.90 and a beta of 0.97. Entravision Communications has a 1-year low of $1.33 and a 1-year high of $4.41.

Entravision Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date is Monday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is currently -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.