Entravision Communications (NYSE:EVC) Major Shareholder Sells $2,601,230.17 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 323,939 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $8.03, for a total value of $2,601,230.17. Following the completion of the transaction, the insider directly owned 9,820,143 shares in the company, valued at $78,855,748.29. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Alexandra Seros also recently made the following trade(s):

• On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The stock was sold at an average price of $6.73, for a total transaction of $3,357,684.49.
• On Thursday, May 7th, Alexandra Seros sold 677,148 shares of Entravision Communications stock. The shares were sold at an average price of $6.97, for a total value of $4,719,721.56.

Entravision Communications Stock Up 23.3%

Shares of Entravision Communications stock traded up $1.67 during trading on Monday, reaching $8.83. The company had a trading volume of 7,130,728 shares, compared to its average volume of 3,066,215. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s fifty day moving average is $3.60 and its 200-day moving average is $3.14. Entravision Communications Corporation has a fifty-two week low of $1.81 and a fifty-two week high of $8.87. The company has a market cap of $811.55 million, a price-to-earnings ratio of -40.11 and a beta of 1.36.

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

Entravision Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a yield of 2.3%. Entravision Communications’s dividend payout ratio (DPR) is presently -90.91%.

Institutional Trading of Entravision Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Entravision Communications in the third quarter valued at $27,000. AQR Capital Management LLC bought a new position in Entravision Communications during the first quarter valued at about $28,000. BNP Paribas Financial Markets grew its holdings in Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after acquiring an additional 5,702 shares during the period. IMC Chicago LLC acquired a new position in Entravision Communications during the first quarter worth about $30,000. Finally, StoneX Group Inc. bought a new stake in Entravision Communications in the fourth quarter worth about $35,000. Institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Entravision Communications Company Profile

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.