Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 57,978 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 57,978 shares of Entravision Communications stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $2.86, for a total transaction of $165,817.08. Following the completion of the sale, the insider directly owned 10,967,075 shares of the company’s stock, valued at $31,365,834.50. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 14th, Alexandra Seros sold 46,064 shares of Entravision Communications stock. The stock was sold at an average price of $2.77, for a total value of $127,597.28.
• On Wednesday, November 12th, Alexandra Seros sold 45,120 shares of Entravision Communications stock. The shares were sold at an average price of $2.93, for a total value of $132,201.60.
• On Monday, November 10th, Alexandra Seros sold 23,093 shares of Entravision Communications stock. The stock was sold at an average price of $2.95, for a total value of $68,124.35.
• On Friday, November 7th, Alexandra Seros sold 69,090 shares of Entravision Communications stock. The stock was sold at an average price of $2.86, for a total value of $197,597.40.
• On Thursday, November 6th, Alexandra Seros sold 157,817 shares of Entravision Communications stock. The shares were sold at an average price of $2.75, for a total transaction of $433,996.75.
• On Thursday, September 11th, Alexandra Seros sold 41,078 shares of Entravision Communications stock. The stock was sold at an average price of $2.31, for a total transaction of $94,890.18.
• On Wednesday, September 10th, Alexandra Seros sold 58,525 shares of Entravision Communications stock. The stock was sold at an average price of $2.38, for a total transaction of $139,289.50.
• On Tuesday, September 9th, Alexandra Seros sold 24,359 shares of Entravision Communications stock. The shares were sold at an average price of $2.48, for a total transaction of $60,410.32.
• On Monday, September 8th, Alexandra Seros sold 32,911 shares of Entravision Communications stock. The stock was sold at an average price of $2.48, for a total transaction of $81,619.28.
• On Friday, September 5th, Alexandra Seros sold 22,157 shares of Entravision Communications stock. The shares were sold at an average price of $2.47, for a total value of $54,727.79.

Entravision Communications Stock Down 0.2%

Shares of EVC stock traded down $0.01 during trading hours on Friday, reaching $2.86. The company had a trading volume of 381,774 shares, compared to its average volume of 326,544. The company has a market capitalization of $259.74 million, a P/E ratio of -2.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.48 and a current ratio of 2.48. Entravision Communications Corporation has a twelve month low of $1.58 and a twelve month high of $3.15. The stock’s fifty day simple moving average is $2.34 and its 200 day simple moving average is $2.29.

Entravision Communications (NYSE:EVC) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter. The company had revenue of $120.63 million for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.

Entravision Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.20 annualized dividend and a yield of 7.0%. Entravision Communications’s payout ratio is -15.38%.

Institutional Investors Weigh In On Entravision Communications

Several institutional investors and hedge funds have recently made changes to their positions in the company. Occudo Quantitative Strategies LP boosted its holdings in Entravision Communications by 49.6% in the third quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock worth $57,000 after purchasing an additional 8,063 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Entravision Communications by 29.0% in the 3rd quarter. Two Sigma Investments LP now owns 214,577 shares of the company’s stock valued at $500,000 after buying an additional 48,275 shares during the period. Bridgeway Capital Management LLC grew its position in shares of Entravision Communications by 3.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock valued at $2,327,000 after buying an additional 35,391 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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. Finally, Russell Investments Group Ltd. lifted its holdings in Entravision Communications by 595.9% in the third quarter. Russell Investments Group Ltd. now owns 32,992 shares of the company’s stock worth $77,000 after acquiring an additional 28,251 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Entravision Communications in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Entravision Communications currently has an average rating of “Sell”.

About Entravision Communications

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.