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

Entravision Communications Corporation (NYSE:EVC) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totaling 545,185 shares, a decline of 19.5% from the March 31st total of 677,196 shares. Based on an average trading volume of 309,675 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVC. BNP Paribas Financial Markets increased its holdings in Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Entravision Communications by 7.1% during the second quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock valued at $212,000 after purchasing an additional 6,063 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Entravision Communications by 35.7% during the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after purchasing an additional 6,991 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Entravision Communications by 78.5% during the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock valued at $40,000 after purchasing an additional 7,642 shares during the last quarter. Finally, R Squared Ltd grew its holdings in shares of Entravision Communications by 40.6% during the third quarter. R Squared Ltd now owns 26,963 shares of the company’s stock valued at $63,000 after purchasing an additional 7,784 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Entravision Communications Stock Up 1.2%

Shares of NYSE:EVC traded up $0.05 during trading on Friday, hitting $3.82. The company’s stock had a trading volume of 258,868 shares, compared to its average volume of 295,415. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.51 and a current ratio of 1.51. Entravision Communications has a fifty-two week low of $1.81 and a fifty-two week high of $3.99. The stock’s 50-day moving average price is $3.22 and its two-hundred day moving average price is $2.96. The company has a market capitalization of $350.83 million, a PE ratio of -4.34 and a beta of 1.36.

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 5.2%. Entravision Communications’s payout ratio is -22.73%.

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.