Entravision Communications Corporation (NYSE:EVC) Short Interest Update

Entravision Communications Corporation (NYSE:EVC) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,508,368 shares, an increase of 220.7% from the April 30th total of 782,166 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily volume of 7,596,774 shares, the days-to-cover ratio is presently 0.3 days.

Entravision Communications Stock Performance

EVC opened at $9.02 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The company has a market cap of $829.20 million, a price-to-earnings ratio of -40.99 and a beta of 1.36. Entravision Communications has a 52-week low of $1.95 and a 52-week high of $10.12. The firm’s fifty day simple moving average is $5.21 and its two-hundred day simple moving average is $3.78.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio (DPR) is -90.91%.

Insider Activity at Entravision Communications

In other news, major shareholder Alexandra Seros sold 427,991 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.17, for a total value of $3,924,677.47. Following the sale, the insider directly owned 6,823,139 shares of the company’s stock, valued at $62,568,184.63. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 4,497,004 shares of company stock valued at $35,936,071. 8.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entravision Communications

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Entravision Communications by 1.1% in the third quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock valued at $7,773,000 after acquiring an additional 36,503 shares in the last quarter. State Street Corp lifted its stake in shares of 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 buying an additional 9,597 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of 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 buying an additional 35,391 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 buying an additional 289,451 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of 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 buying an additional 13,226 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Entravision Communications 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.