Entravision Communication (NYSE:EVC) Short Interest Update

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

Shares of EVC stock opened at $3.15 on Friday. The stock has a market cap of $269.06 million, a PE ratio of 22.50 and a beta of 1.17. Entravision Communication has a 52 week low of $2.56 and a 52 week high of $5.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 4.35 and a current ratio of 4.35. The business has a fifty day moving average of $3.03.

Entravision Communication (NYSE:EVC) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The business had revenue of $64.68 million for the quarter. Entravision Communication had a net margin of 5.21% and a return on equity of 3.82%. On average, research analysts forecast that Entravision Communication will post 0.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.35%. The ex-dividend date was Thursday, June 13th. Entravision Communication’s payout ratio is currently 153.85%.

In other news, Director Gilbert R. Vasquez bought 100,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $3.07 per share, for a total transaction of $307,000.00. Following the purchase, the director now owns 415,169 shares in the company, valued at $1,274,568.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gilbert R. Vasquez bought 15,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average price of $3.25 per share, for a total transaction of $48,750.00. The disclosure for this purchase can be found here. 22.38% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Group One Trading L.P. raised its position in shares of Entravision Communication by 206.6% during the 1st quarter. Group One Trading L.P. now owns 8,220 shares of the company’s stock valued at $27,000 after buying an additional 15,929 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Entravision Communication during the 4th quarter valued at about $32,000. Legal & General Group Plc raised its position in shares of Entravision Communication by 27.4% during the 4th quarter. Legal & General Group Plc now owns 12,184 shares of the company’s stock valued at $36,000 after buying an additional 2,618 shares in the last quarter. Penn Capital Management Co. Inc. purchased a new stake in shares of Entravision Communication during the 4th quarter valued at about $37,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Entravision Communication by 342.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,440 shares of the company’s stock valued at $44,000 after buying an additional 10,405 shares in the last quarter. Institutional investors and hedge funds own 58.61% of the company’s stock.

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

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.

Further Reading: Dividend Achievers

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