Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 63,859 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 63,859 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $2.82, for a total value of $180,082.38. Following the completion of the sale, the insider directly owned 10,857,122 shares in the company, valued at approximately $30,617,084.04. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Wednesday, November 19th, Alexandra Seros sold 1,979 shares of Entravision Communications stock. The shares were sold at an average price of $2.67, for a total transaction of $5,283.93.
• On Tuesday, November 18th, Alexandra Seros sold 35,000 shares of Entravision Communications stock. The stock was sold at an average price of $2.73, for a total transaction of $95,550.00.
• 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 transaction of $127,597.28.
• On Thursday, November 13th, Alexandra Seros sold 57,978 shares of Entravision Communications stock. The shares were sold at an average price of $2.86, for a total value of $165,817.08.
• 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 shares were sold at an average price of $2.95, for a total transaction of $68,124.35.
• On Friday, November 7th, Alexandra Seros sold 69,090 shares of Entravision Communications stock. The shares were sold at an average price of $2.86, for a total transaction of $197,597.40.
• On Thursday, November 6th, Alexandra Seros sold 157,817 shares of Entravision Communications stock. The stock was 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 shares were 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.

Entravision Communications Stock Down 4.2%

NYSE EVC traded down $0.12 during trading hours on Wednesday, hitting $2.60. The company had a trading volume of 364,169 shares, compared to its average volume of 327,118. The firm’s 50 day moving average is $2.35 and its 200 day moving average is $2.31. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.48 and a quick ratio of 2.48. Entravision Communications Corporation has a fifty-two week low of $1.58 and a fifty-two week high of $3.15. The company has a market capitalization of $236.08 million, a price-to-earnings ratio of -1.97 and a beta of 1.63.

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

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.20 annualized dividend and a yield of 7.7%. Entravision Communications’s dividend payout ratio (DPR) is -15.38%.

Institutional Trading of Entravision Communications

Several institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in shares of Entravision Communications in the 1st quarter valued at about $366,000. Kingsview Wealth Management LLC acquired a new position in shares of Entravision Communications in the 1st quarter worth approximately $31,000. Corsair Capital Management L.P. bought a new stake in shares of Entravision Communications in the 1st quarter valued at approximately $55,000. R Squared Ltd bought a new stake in shares of Entravision Communications in the 2nd quarter valued at approximately $44,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Entravision Communications by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock valued at $1,251,000 after acquiring an additional 73,103 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Entravision Communications in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.