Entravision Communications Corp (NYSE:EVC) Experiences Heavy Trading Volume


Trading volume for Entravision Communications Corp was 1,439K by the end of trading on Thursday. Overall, volume was up 117.68% over the stocks normal daily volume.

Investors are feeling more bearish on shares of Entravision Communications Corp lately if you take into consideration the motion in short interest. The firm experienced a rise in short interest between October 13, 2017 and October 31, 2017 of 13.74%. Short shares grew 94,039 over that timeframe. Days to cover increased 1.0 to 3.0 and the short interest percentage is 0.01% as of October 31.

Additionally, here are a few investment firms who have increased or decreased their stake in (EVC). Two Sigma Advisers, Lp added to its ownership by buying 17,100 shares an increase of 14.6% in the quarter. Two Sigma Advisers, Lp claims 133,900 shares worth $763,000. The value of the position overall is down by 1.0%. As of quarter end Alphaone Investment Services, LLC had bought 2,050 shares growing its stake by 0.6%. The value of the investment in (EVC) went from $2,320,000 to $2,016,000 decreasing 13.1% since the last quarter.

Geode Capital Management, LLC augmented its stake by buying 10,533 shares an increase of 2.0% as of 09/30/2017. Geode Capital Management, LLC currently owns 529,461 shares valued at $3,017,000. The total value of its holdings decreased 11.9%. As of the end of the quarter Frigate Ventures LP had disposed of a total of 38,386 shares trimming its position 2.5%. The value of the total investment in Entravision Communications Corp decreased from $10,153,000 to $8,550,000 a change of 15.8% quarter over quarter.

November 3 investment analysts at Noble Financial reiterated a “Buy” rating on the company. On August 3, 2017 Noble Financial maintained a “Buy” rating on the company.

The company is now up since yesterday’s close of 6. The most current P/E ratio is 3.27 and market cap is 544.53M. In the latest earnings report the EPS was $1.85 with 66.15M shares outstanding.

Entravision Communications Corporation (Entravision), launched on February 11, 2000, is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media. As of December 31, 2016, the Company owned and operated 54 television stations located primarily in California, Colorado, Connecticut, Florida, Kansas, Massachusetts, Nevada, New Mexico, Texas and Washington, District of Columbia. It owns and operates Spanish-language radio stations in the United States. As of December 31, 2016, it owned and operated 49 radio stations in 18 United States markets. As of December 31, 2016, its radio stations consisted of 38 frequency modulation (FM) and 11 amplitude modulation (AM) stations located in Arizona, California, Colorado, Florida, Nevada, New Mexico and Texas. It also operates Entravision Solutions as its national sales representation division, through which it sells advertisements..