Entravision Communications (NYSE:EVC) Shares Gap Up – Should You Buy?

Entravision Communications Corporation (NYSE:EVC) shares gapped up before the market opened on Monday . The stock had previously closed at $8.07, but opened at $8.45. Entravision Communications shares last traded at $8.11, with a volume of 46,029 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Entravision Communications presently has an average rating of “Sell”.

Entravision Communications Trading Up 0.2%

The company has a market cap of $746.16 million, a PE ratio of 807.61 and a beta of 1.72. The business has a 50 day simple moving average of $10.81 and a two-hundred day simple moving average of $6.97. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $227.90 million during the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a return on equity of 6.98% and a net margin of 0.62%.

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 16th. Entravision Communications’s dividend payout ratio (DPR) is presently 2,000.00%.

Insider Buying and Selling

In other Entravision Communications news, Director Paul A. Zevnik sold 324,686 shares of Entravision Communications stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.67, for a total value of $3,139,713.62. Following the completion of the sale, the director owned 2,107,582 shares in the company, valued at $20,380,317.94. The trade was a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entravision Communications

Several hedge funds have recently modified their holdings of the stock. IMC Chicago LLC acquired a new position in Entravision Communications during the first quarter worth approximately $30,000. Flower City Capital purchased a new stake in shares of Entravision Communications during the 2nd quarter valued at $137,000. California State Teachers Retirement System grew its stake in shares of Entravision Communications by 237.7% during the 2nd quarter. California State Teachers Retirement System now owns 11,371 shares of the company’s stock valued at $148,000 after buying an additional 8,004 shares during the period. StoneX Group Inc. acquired a new stake in shares of Entravision Communications during the 4th quarter worth $35,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Entravision Communications by 86.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after buying an additional 5,702 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

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.