Investors Purchase High Volume of Entravision Communication Put Options (EVC)

Entravision Communication (NYSE:EVC) saw some unusual options trading activity on Monday. Stock investors bought 1,600 put options on the stock. This represents an increase of approximately 1,341% compared to the typical volume of 111 put options.

Shares of Entravision Communication (EVC) traded up $0.15 during trading on Wednesday, hitting $6.70. 475,276 shares of the company’s stock traded hands, compared to its average volume of 569,700. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 0.83. Entravision Communication has a 52 week low of $5.05 and a 52 week high of $7.90. The company has a market cap of $580.52, a PE ratio of 3.60 and a beta of 1.47.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Entravision Communication from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Noble Financial reiterated a “buy” rating on shares of Entravision Communication in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Entravision Communication currently has a consensus rating of “Hold” and an average target price of $7.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its position in shares of Entravision Communication by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 242,561 shares of the company’s stock valued at $1,601,000 after buying an additional 1,615 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Entravision Communication by 36.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 511,096 shares of the company’s stock valued at $3,373,000 after buying an additional 136,405 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Entravision Communication by 167.3% in the 3rd quarter. Prudential Financial Inc. now owns 142,224 shares of the company’s stock valued at $811,000 after buying an additional 89,020 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Entravision Communication by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,954,165 shares of the company’s stock valued at $19,497,000 after buying an additional 145,977 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Entravision Communication by 23.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 732,613 shares of the company’s stock valued at $4,176,000 after buying an additional 138,438 shares in the last quarter. Institutional investors and hedge funds own 59.18% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Investors Purchase High Volume of Entravision Communication Put Options (EVC)” was first posted by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://www.themarketsdaily.com/2018/02/15/investors-purchase-high-volume-of-entravision-communication-put-options-evc.html.

Entravision Communication Company Profile

Entravision Communications Corporation 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.

Receive News & Ratings for Entravision Communication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entravision Communication and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply