Entravision Communication (NYSE:EVC) Short Interest Update

Entravision Communication (NYSE:EVC) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 1,009,500 shares, a growth of 11.1% from the May 30th total of 908,700 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 307,800 shares, the days-to-cover ratio is currently 3.3 days.

Shares of EVC stock traded up $0.10 on Monday, hitting $3.25. 466,500 shares of the stock were exchanged, compared to its average volume of 322,116. The company has a quick ratio of 4.35, a current ratio of 4.35 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $269.06 million, a price-to-earnings ratio of 25.00 and a beta of 1.17. Entravision Communication has a one year low of $2.56 and a one year high of $5.68. The firm has a 50 day moving average price of $3.03.

Entravision Communication (NYSE:EVC) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $64.68 million for the quarter. Entravision Communication had a return on equity of 3.82% and a net margin of 5.21%. Sell-side analysts expect that Entravision Communication will post 0.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 6.15%. Entravision Communication’s dividend payout ratio (DPR) is 153.85%.

In other Entravision Communication news, Director Gilbert R. Vasquez acquired 15,000 shares of Entravision Communication stock in a transaction on Wednesday, May 29th. The stock was purchased at an average price of $3.25 per share, for a total transaction of $48,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gilbert R. Vasquez acquired 100,000 shares of Entravision Communication stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $3.07 per share, with a total value of $307,000.00. Following the purchase, the director now directly owns 415,169 shares in the company, valued at $1,274,568.83. The disclosure for this purchase can be found here. 22.38% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of EVC. Rhumbline Advisers grew its position in Entravision Communication by 40.0% in the fourth quarter. Rhumbline Advisers now owns 94,032 shares of the company’s stock worth $274,000 after acquiring an additional 26,857 shares in the last quarter. Prudential Financial Inc. bought a new stake in Entravision Communication in the fourth quarter worth approximately $32,000. New York State Common Retirement Fund grew its position in Entravision Communication by 85.9% in the fourth quarter. New York State Common Retirement Fund now owns 108,352 shares of the company’s stock worth $315,000 after acquiring an additional 50,052 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Entravision Communication by 647.3% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 76,710 shares of the company’s stock worth $223,000 after acquiring an additional 66,445 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in Entravision Communication by 501.6% in the fourth quarter. GSA Capital Partners LLP now owns 110,100 shares of the company’s stock worth $320,000 after acquiring an additional 91,800 shares in the last quarter. 58.64% of the stock is currently owned by institutional investors and hedge funds.

EVC has been the subject of a number of recent analyst reports. Noble Financial set a $6.00 price objective on Entravision Communication and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Zacks Investment Research downgraded HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Entravision Communication Company Profile

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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