Entravision Communications (NYSE:EVC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Entravision Communications Co. (NYSE:EVC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.19 and traded as high as $2.36. Entravision Communications shares last traded at $2.36, with a volume of 143,023 shares changing hands.

Entravision Communications Trading Up 2.4 %

The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $211.93 million, a P/E ratio of -1.90 and a beta of 0.98. The business has a fifty day moving average price of $2.43 and a 200 day moving average price of $2.19.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 8.49%. The ex-dividend date was Monday, December 16th. Entravision Communications’s payout ratio is -16.13%.

Institutional Trading of Entravision Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in shares of Entravision Communications by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 34,842 shares of the company’s stock valued at $82,000 after acquiring an additional 13,391 shares in the last quarter. Barclays PLC boosted its position in Entravision Communications by 60.5% during 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 during the last quarter. Geode Capital Management LLC grew its stake in Entravision Communications by 3.4% in the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock valued at $3,033,000 after purchasing an additional 48,773 shares in the last quarter. Jane Street Group LLC increased its position in shares of Entravision Communications by 40.0% during the 3rd quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock worth $315,000 after purchasing an additional 43,499 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Entravision Communications by 5.9% during the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company’s stock worth $2,845,000 after purchasing an additional 76,622 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.