Entravision Communication (NYSE:EVC) was the recipient of some unusual options trading activity on Friday. Investors purchased 1,550 put options on the stock. This is an increase of approximately 1,435% compared to the typical daily volume of 101 put options.
Shares of Entravision Communication (EVC) opened at $7.35 on Monday. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 0.83. Entravision Communication has a fifty-two week low of $4.90 and a fifty-two week high of $7.90. The stock has a market cap of $661.52, a price-to-earnings ratio of 3.95 and a beta of 1.64.
Entravision Communication (NYSE:EVC) last posted its earnings results on Thursday, November 2nd. The company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $1.69. Entravision Communication had a net margin of 31.96% and a return on equity of 75.49%. The business had revenue of $70.60 million for the quarter, compared to analyst estimates of $70.43 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. equities research analysts forecast that Entravision Communication will post 0.09 earnings per share for the current fiscal year.
Several brokerages have issued reports on EVC. Zacks Investment Research lowered shares of Entravision Communication from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Noble Financial reissued a “buy” rating on shares of Entravision Communication in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Entravision Communication has an average rating of “Hold” and an average price target of $7.00.
Institutional investors and hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC grew its holdings in shares of Entravision Communication by 20.8% in the 2nd quarter. Voya Investment Management LLC now owns 32,940 shares of the company’s stock worth $217,000 after purchasing an additional 5,661 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Entravision Communication in the 3rd quarter worth about $290,000. First Trust Advisors LP bought a new stake in shares of Entravision Communication in the 3rd quarter worth about $298,000. Tudor Investment Corp ET AL grew its holdings in shares of Entravision Communication by 16.1% in the 2nd quarter. Tudor Investment Corp ET AL now owns 52,860 shares of the company’s stock worth $349,000 after purchasing an additional 7,325 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Entravision Communication by 167.3% in the 2nd quarter. Prudential Financial Inc. now owns 53,204 shares of the company’s stock worth $351,000 after purchasing an additional 33,300 shares during the last quarter. 59.59% of the stock is currently owned by institutional investors and hedge funds.
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Entravision Communication Company Profile
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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