Entravision Communication (EVC) Short Interest Down 36.3% in November

Entravision Communication (NYSE:EVC) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 625,679 shares, a decline of 36.3% from the October 31st total of 982,242 shares. Based on an average daily trading volume, of 893,816 shares, the short-interest ratio is presently 0.7 days. Approximately 1.0% of the shares of the stock are sold short.

A number of research firms have recently commented on EVC. ValuEngine downgraded Entravision Communication from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. Noble Financial reaffirmed a “buy” rating on shares of Entravision Communication in a research report on Thursday, November 8th. Finally, Zacks Investment Research lowered Entravision Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Entravision Communication currently has a consensus rating of “Hold” and an average price target of $5.75.

Shares of Entravision Communication stock opened at $3.11 on Friday. The firm has a market cap of $268.34 million, a PE ratio of 1.80 and a beta of 1.16. The company has a current ratio of 5.44, a quick ratio of 5.44 and a debt-to-equity ratio of 0.87. Entravision Communication has a 12-month low of $2.93 and a 12-month high of $7.90.

Entravision Communication (NYSE:EVC) last announced its earnings results on Wednesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company had revenue of $74.60 million for the quarter, compared to analyst estimates of $75.62 million. Entravision Communication had a return on equity of 0.49% and a net margin of 6.30%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. Equities research analysts predict that Entravision Communication will post 0.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend is Thursday, December 13th. Entravision Communication’s dividend payout ratio (DPR) is presently 11.56%.

Several institutional investors have recently made changes to their positions in EVC. MetLife Investment Advisors LLC raised its position in shares of Entravision Communication by 266.3% during the second quarter. MetLife Investment Advisors LLC now owns 32,143 shares of the company’s stock worth $161,000 after purchasing an additional 23,369 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Entravision Communication during the third quarter valued at $196,000. ClariVest Asset Management LLC purchased a new position in shares of Entravision Communication during the third quarter valued at $216,000. Jefferies Group LLC grew its holdings in shares of Entravision Communication by 310.4% during the third quarter. Jefferies Group LLC now owns 53,982 shares of the company’s stock valued at $265,000 after buying an additional 40,828 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in shares of Entravision Communication by 41.6% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 56,800 shares of the company’s stock valued at $284,000 after buying an additional 16,700 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

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About Entravision Communication

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.

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