Entravision Communications Co. (NYSE:EVC) Short Interest Down 5.5% in September

Entravision Communications Co. (NYSE:EVC - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,380,000 shares, a drop of 5.5% from the September 15th total of 1,460,000 shares. Based on an average trading volume of 341,900 shares, the short-interest ratio is presently 4.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Entravision Communications from a "sell" rating to a "hold" rating in a report on Saturday, July 20th.

Institutional Trading of Entravision Communications

A number of institutional investors have recently made changes to their positions in EVC. Vanguard Group Inc. boosted its stake in shares of Entravision Communications by 9.0% in the first quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company's stock worth $5,291,000 after acquiring an additional 266,642 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Entravision Communications by 68.0% during the first quarter. Gamco Investors INC. ET AL now owns 436,000 shares of the company's stock worth $715,000 after buying an additional 176,500 shares in the last quarter. Gabelli Funds LLC lifted its position in Entravision Communications by 206.8% during the second quarter. Gabelli Funds LLC now owns 135,000 shares of the company's stock worth $274,000 after buying an additional 91,000 shares in the last quarter. Algert Global LLC lifted its position in Entravision Communications by 421.4% during the second quarter. Algert Global LLC now owns 64,864 shares of the company's stock worth $132,000 after buying an additional 52,424 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Entravision Communications by 46.3% during the second quarter. Hsbc Holdings PLC now owns 106,841 shares of the company's stock worth $221,000 after buying an additional 33,812 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Entravision Communications Price Performance

EVC traded up $0.13 during trading on Thursday, hitting $2.31. The company's stock had a trading volume of 587,276 shares, compared to its average volume of 608,683. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. Entravision Communications has a twelve month low of $1.33 and a twelve month high of $4.41. The business's fifty day simple moving average is $1.99 and its 200 day simple moving average is $2.04. The firm has a market capitalization of $206.79 million, a price-to-earnings ratio of -3.08 and a beta of 0.98.

Entravision Communications (NYSE:EVC - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter. Entravision Communications had a negative return on equity of 5.24% and a negative net margin of 10.06%. The company had revenue of $82.65 million for the quarter.

Entravision Communications Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend was Monday, September 16th. Entravision Communications's dividend payout ratio is presently -26.67%.

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.