Entravision Communications Corporation (NYSE:EVC) Sees Large Decline in Short Interest

Entravision Communications Corporation (NYSE:EVC) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 519,672 shares, a drop of 20.2% from the December 31st total of 651,328 shares. Based on an average trading volume of 262,084 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 262,084 shares, the days-to-cover ratio is currently 2.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Entravision Communications in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Entravision Communications Stock Performance

Shares of NYSE EVC traded down $0.02 during midday trading on Friday, hitting $3.03. 234,453 shares of the stock traded hands, compared to its average volume of 230,090. The firm has a market capitalization of $275.20 million, a P/E ratio of -2.33 and a beta of 1.26. Entravision Communications has a one year low of $1.58 and a one year high of $3.43. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a 50-day moving average of $3.05 and a two-hundred day moving average of $2.62.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter. Entravision Communications had a negative return on equity of 66.12% and a negative net margin of 27.92%.The firm had revenue of $120.63 million during the quarter.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Tuesday, December 16th. Entravision Communications’s dividend payout ratio is -15.38%.

Insider Activity

In related news, COO Liberman A. Jeffery sold 85,108 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $3.29, for a total value of $280,005.32. Following the transaction, the chief operating officer owned 126,316 shares in the company, valued at $415,579.64. The trade was a 40.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Alexandra Seros sold 157,817 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $2.75, for a total transaction of $433,996.75. Following the sale, the insider owned 11,162,326 shares of the company’s stock, valued at approximately $30,696,396.50. This represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 920,000 shares of company stock valued at $2,658,527. 8.34% of the stock is owned by insiders.

Institutional Trading of Entravision Communications

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in Entravision Communications by 10.7% in the second quarter. American Century Companies Inc. now owns 10,202,560 shares of the company’s stock worth $23,670,000 after acquiring an additional 984,510 shares during the period. Vanguard Group Inc. increased its stake in shares of Entravision Communications by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock worth $7,773,000 after purchasing an additional 36,503 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Entravision Communications by 3.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock worth $2,327,000 after purchasing an additional 35,391 shares during the period. Goldman Sachs Group Inc. lifted its position in Entravision Communications by 14.0% during the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock valued at $1,251,000 after purchasing an additional 73,103 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in Entravision Communications by 265.0% during the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock valued at $1,333,000 after purchasing an additional 415,348 shares during the period. 69.46% of the stock is currently owned by institutional investors.

About Entravision Communications

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.