Entravision Communications (NYSE:EVC) Shares Pass Above 200-Day Moving Average – What’s Next?

Entravision Communications Co. (NYSE:EVC)’s share price passed 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 trading hands.

Entravision Communications Trading Up 2.4 %

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 stock has a fifty day moving average of $2.43 and a two-hundred day moving average of $2.19.

Entravision Communications Announces Dividend

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

Institutional Investors Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its position in Entravision Communications by 46.3% during the second quarter. Hsbc Holdings PLC now owns 106,841 shares of the company’s stock worth $221,000 after acquiring an additional 33,812 shares during the last quarter. FMR LLC increased its stake in shares of Entravision Communications by 104.1% during the 3rd quarter. FMR LLC now owns 35,495 shares of the company’s stock worth $73,000 after purchasing an additional 18,106 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Entravision Communications by 3.4% during the 3rd 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. Barclays PLC lifted its stake in Entravision Communications by 60.5% in the 3rd quarter. Barclays PLC now owns 169,068 shares of the company’s stock valued at $351,000 after buying an additional 63,699 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Entravision Communications by 40.0% during the 3rd quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock valued at $315,000 after buying an additional 43,499 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.