Entravision Communications Corporation (NYSE:EVC) Sees Large Increase in Short Interest

Entravision Communications Corporation (NYSE:EVC) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 717,379 shares, an increase of 29.4% from the November 30th total of 554,566 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 400,857 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 400,857 shares, the short-interest ratio is currently 1.8 days. Currently, 0.9% of the company’s stock are sold short.

Entravision Communications Stock Performance

Shares of Entravision Communications stock opened at $2.96 on Wednesday. The business’s fifty day simple moving average is $2.75 and its 200 day simple moving average is $2.50. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.95. Entravision Communications has a 12 month low of $1.58 and a 12 month high of $3.43. The firm has a market capitalization of $268.85 million, a P/E ratio of -2.27 and a beta of 1.25.

Entravision Communications (NYSE:EVC) last announced its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $120.63 million for the quarter. Entravision Communications had a negative net margin of 27.92% and a negative return on equity of 66.12%.

Entravision Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.20 annualized dividend and a yield of 6.8%. Entravision Communications’s payout ratio is currently -15.38%.

Insider Transactions at Entravision Communications

In related news, COO Liberman A. Jeffery sold 20,153 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $3.15, for a total value of $63,481.95. Following the completion of the sale, the chief operating officer directly owned 58,357 shares of the company’s stock, valued at approximately $183,824.55. This represents a 25.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 920,000 shares of company stock worth $2,658,527 in the last ninety days. Corporate insiders own 8.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EVC. Qube Research & Technologies Ltd raised its holdings in shares of Entravision Communications by 344.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 96,957 shares of the company’s stock worth $226,000 after purchasing an additional 75,143 shares during the period. Millennium Management LLC grew its holdings in Entravision Communications by 35.2% during the third quarter. Millennium Management LLC now owns 174,006 shares of the company’s stock valued at $405,000 after purchasing an additional 45,330 shares during the period. Occudo Quantitative Strategies LP increased its position in Entravision Communications by 49.6% in the third quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock worth $57,000 after buying an additional 8,063 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Entravision Communications by 29.0% in the third quarter. Two Sigma Investments LP now owns 214,577 shares of the company’s stock valued at $500,000 after buying an additional 48,275 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in shares of Entravision Communications by 3.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock valued at $2,327,000 after buying an additional 35,391 shares during the last quarter. 69.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Entravision Communications in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Entravision Communications Company Profile

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.