Entravision Communications (NYSE:EVC) Sees Large Volume Increase – Still a Buy?

Entravision Communications Corporation (NYSE:EVC) shares saw an uptick in trading volume on Thursday . 1,283,672 shares traded hands during trading, an increase of 53% from the previous session’s volume of 837,023 shares.The stock last traded at $7.2090 and had previously closed at $7.69.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Entravision Communications Stock Performance

The company has a market capitalization of $654.30 million, a price-to-earnings ratio of -32.34 and a beta of 1.36. The stock has a 50-day moving average price of $3.41 and a 200-day moving average price of $3.06. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.51.

Entravision Communications (NYSE:EVC) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.The company had revenue of $196.97 million during the quarter, compared to analysts’ expectations of $121.49 million.

Entravision Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -90.91%.

Institutional Trading of Entravision Communications

Hedge funds have recently made changes to their positions in the business. IMC Chicago LLC bought a new position in shares of Entravision Communications during the first quarter worth approximately $30,000. 3Chopt Investment Partners LLC bought a new position in shares of Entravision Communications during the first quarter worth approximately $46,000. Hsbc Holdings PLC increased its stake in shares of Entravision Communications by 24.0% during the fourth quarter. Hsbc Holdings PLC now owns 78,950 shares of the company’s stock worth $231,000 after purchasing an additional 15,299 shares during the period. XTX Topco Ltd increased its stake in shares of Entravision Communications by 78.0% during the fourth quarter. XTX Topco Ltd now owns 18,526 shares of the company’s stock worth $54,000 after purchasing an additional 8,120 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Entravision Communications during the fourth quarter worth approximately $128,000. 69.46% of the stock is owned by institutional investors and hedge funds.

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.