Entravision Communications Co. (NYSE:EVC) Short Interest Update

Entravision Communications Co. (NYSE:EVC) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,290,000 shares, a decrease of 5.8% from the October 15th total of 1,370,000 shares. Based on an average trading volume of 265,100 shares, the short-interest ratio is presently 4.9 days.

Institutional Trading of Entravision Communications

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Entravision Communications by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock valued at $3,033,000 after acquiring an additional 48,773 shares in the last quarter. Barclays PLC grew its position in shares of Entravision Communications by 60.5% in the third quarter. Barclays PLC now owns 169,068 shares of the company’s stock valued at $351,000 after purchasing an additional 63,699 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Entravision Communications by 40.0% in the third quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock valued at $315,000 after purchasing an additional 43,499 shares during the last quarter. State Street Corp lifted its position in Entravision Communications by 5.9% during the third quarter. State Street Corp now owns 1,374,611 shares of the company’s stock worth $2,845,000 after buying an additional 76,622 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Entravision Communications during the third quarter worth $80,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Entravision Communications Trading Down 7.8 %

Shares of Entravision Communications stock opened at $2.37 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.70 and a current ratio of 2.70. The firm’s 50 day simple moving average is $2.18 and its two-hundred day simple moving average is $2.09. Entravision Communications has a 12-month low of $1.33 and a 12-month high of $4.41.

Entravision Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th 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 8.44%. The ex-dividend date of this dividend is Monday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -16.13%.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.