Entravision Communication Target of Unusually Large Options Trading (EVC)

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.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, December 13th. Entravision Communication’s payout ratio is 10.75%.

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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