Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 468,583 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 468,583 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $7.99, for a total value of $3,743,978.17. Following the completion of the sale, the insider owned 7,907,343 shares of the company’s stock, valued at $63,179,670.57. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, May 19th, Alexandra Seros sold 278,163 shares of Entravision Communications stock. The shares were sold at an average price of $7.80, for a total value of $2,169,671.40.
• On Friday, May 15th, Alexandra Seros sold 259,848 shares of Entravision Communications stock. The shares were sold at an average price of $8.05, for a total value of $2,091,776.40.
• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The shares were sold at an average price of $9.03, for a total value of $3,060,953.28.
• On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The stock was sold at an average price of $8.71, for a total transaction of $5,967,316.81.
• On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The stock was sold at an average price of $8.33, for a total transaction of $1,335,149.06.
• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The stock was sold at an average price of $8.03, for a total transaction of $2,601,230.17.
• 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 stock was sold at an average price of $6.97, for a total transaction of $4,719,721.56.

Entravision Communications Stock Up 1.0%

EVC stock opened at $8.08 on Wednesday. The stock has a market capitalization of $742.76 million, a P/E ratio of -36.71 and a beta of 1.36. The firm has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $3.41. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications Corporation has a 52 week low of $1.81 and a 52 week high of $9.40.

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

Entravision Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s payout ratio is presently -90.91%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Entravision Communications

Several large investors have recently bought and sold shares of EVC. SG Americas Securities LLC purchased a new stake in Entravision Communications during the 3rd quarter valued at about $27,000. AQR Capital Management LLC purchased a new stake in Entravision Communications during the 1st quarter valued at about $28,000. BNP Paribas Financial Markets grew its holdings in Entravision Communications by 86.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares in the last quarter. IMC Chicago LLC purchased a new stake in Entravision Communications in the 1st quarter valued at $30,000. Finally, StoneX Group Inc. purchased a new stake in Entravision Communications in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.