Short Interest in Entravision Communications Co. (NYSE:EVC) Increases By 7.8%

Entravision Communications Co. (NYSE:EVC – Get Rating) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 910,000 shares, an increase of 7.8% from the February 13th total of 844,500 shares. Based on an average daily trading volume, of 256,900 shares, the days-to-cover ratio is presently 3.5 days.

Entravision Communications Price Performance

NYSE EVC traded down $0.23 during trading hours on Friday, reaching $5.55. 176,670 shares of the company’s stock were exchanged, compared to its average volume of 356,766. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.75. The stock has a market cap of $471.47 million, a PE ratio of 27.53 and a beta of 1.17. The firm has a fifty day moving average of $6.37 and a 200-day moving average of $5.37. Entravision Communications has a one year low of $3.96 and a one year high of $7.32.

Entravision Communications Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.60%. This is a boost from Entravision Communications’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, March 15th. Entravision Communications’s payout ratio is currently 47.62%.

Hedge Funds Weigh In On Entravision Communications

Several large investors have recently bought and sold shares of EVC. Bank of New York Mellon Corp boosted its holdings in Entravision Communications by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 542,797 shares of the company’s stock worth $3,479,000 after buying an additional 16,303 shares during the last quarter. Sei Investments Co. boosted its stake in Entravision Communications by 21.6% in the 1st quarter. Sei Investments Co. now owns 962,296 shares of the company’s stock worth $6,158,000 after purchasing an additional 170,935 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Entravision Communications in the 1st quarter valued at about $77,000. Charles Schwab Investment Management Inc. raised its stake in shares of Entravision Communications by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 386,098 shares of the company’s stock valued at $2,475,000 after purchasing an additional 5,026 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Entravision Communications by 28.6% in the first quarter. Invesco Ltd. now owns 122,821 shares of the company’s stock valued at $787,000 after purchasing an additional 27,316 shares in the last quarter. 56.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Entravision Communications in a report on Friday. They issued a “buy” rating for the company.

About Entravision Communications

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Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. It operates through the following segments: Television Broadcasting, Radio Broadcasting, and Digital Media. The Television Broadcasting segment offers an entertainment, news, and national news magazine, as well as local news produced by its TV stations.