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

Entravision Communications Corporation (NYSE:EVC) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 545,185 shares, a drop of 19.5% from the March 31st total of 677,196 shares. Based on an average daily volume of 309,675 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.6% of the company’s stock are sold short.

Entravision Communications Stock Up 1.2%

Shares of NYSE EVC traded up $0.05 during midday trading on Friday, hitting $3.82. The company’s stock had a trading volume of 258,868 shares, compared to its average volume of 295,415. The business’s fifty day simple moving average is $3.22 and its two-hundred day simple moving average is $2.96. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.51 and a quick ratio of 1.51. Entravision Communications has a 1 year low of $1.81 and a 1 year high of $3.99. The firm has a market capitalization of $350.83 million, a price-to-earnings ratio of -4.34 and a beta of 1.36.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 5.2%. Entravision Communications’s dividend payout ratio (DPR) is presently -22.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Entravision Communications by 1.1% in the third quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock worth $7,773,000 after acquiring an additional 36,503 shares during the last quarter. State Street Corp lifted its stake in Entravision Communications by 0.7% in the fourth quarter. State Street Corp now owns 1,413,637 shares of the company’s stock worth $4,142,000 after acquiring an additional 9,597 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Entravision Communications by 3.7% in the third quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock worth $2,327,000 after acquiring an additional 35,391 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Entravision Communications by 59.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock worth $2,272,000 after acquiring an additional 289,451 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Entravision Communications by 2.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 601,000 shares of the company’s stock worth $1,761,000 after acquiring an additional 13,226 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

About Entravision Communications

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.