Entravision Communications (NYSE:EVC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Entravision Communications Co. (NYSE:EVC)’s stock price crossed 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 traded.

Entravision Communications Price Performance

The firm has a 50 day moving average of $2.43 and a 200-day moving average of $2.19. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.90. The company has a market cap of $211.93 million, a P/E ratio of -1.90 and a beta of 0.98.

Entravision Communications Announces Dividend

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

Hedge Funds Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently modified their holdings of EVC. SG Americas Securities LLC increased its holdings in 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 during the last quarter. Barclays PLC grew its position in shares of 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Entravision Communications by 3.4% in the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock worth $3,033,000 after purchasing an additional 48,773 shares during the last quarter. Jane Street Group LLC lifted its position 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 worth $315,000 after buying an additional 43,499 shares in the last quarter. Finally, State Street Corp grew its holdings in Entravision Communications by 5.9% during the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company’s stock valued at $2,845,000 after buying an additional 76,622 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

Entravision Communications Company Profile

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.