Entravision Communication (NYSE:EVC) saw a large decline in short interest in the month of 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 trading volume of 893,816 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.0% of the shares of the company are short sold.

Shares of EVC stock opened at $3.11 on Friday. The stock has a market capitalization of $268.34 million, a PE ratio of 1.80 and a beta of 1.16. The company has a quick ratio of 5.44, a current ratio of 5.44 and a debt-to-equity ratio of 0.87. Entravision Communication has a 52-week low of $2.93 and a 52-week high of $7.90.

Entravision Communication (NYSE:EVC) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The company had revenue of $74.60 million during the quarter, compared to analyst estimates of $75.62 million. Entravision Communication had a net margin of 6.30% and a return on equity of 0.49%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $1.71 EPS. As a group, equities research analysts expect that Entravision Communication will post 0.14 earnings per share for the current fiscal year.

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

Several equities analysts have recently issued reports on the company. ValuEngine raised Entravision Communication from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research cut Entravision Communication from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, Noble Financial reissued a “buy” rating on shares of Entravision Communication in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.75.

Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Entravision Communication by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 5,439,853 shares of the company’s stock valued at $27,199,000 after buying an additional 44,934 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Entravision Communication by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,815,306 shares of the company’s stock valued at $23,595,000 after buying an additional 337,428 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Entravision Communication by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,378,577 shares of the company’s stock valued at $16,555,000 after buying an additional 118,729 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Entravision Communication by 5.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,026,154 shares of the company’s stock valued at $5,028,000 after buying an additional 50,554 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Entravision Communication by 11.1% in the 3rd quarter. Acadian Asset Management LLC now owns 967,387 shares of the company’s stock valued at $4,740,000 after buying an additional 96,634 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

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Entravision Communication Company Profile

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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