Insider Selling: Entravision Communications (NYSE:EVC) COO Sells 85,108 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) COO Liberman Jeffery sold 85,108 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $3.29, for a total transaction of $280,005.32. Following the transaction, the chief operating officer owned 126,316 shares in the company, valued at $415,579.64. This represents a 40.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Entravision Communications Stock Up 0.5%

Entravision Communications stock traded up $0.02 during trading hours on Wednesday, hitting $3.25. 986,826 shares of the stock traded hands, compared to its average volume of 330,808. Entravision Communications Corporation has a one year low of $1.58 and a one year high of $3.44. The firm’s 50-day moving average price is $2.48 and its two-hundred day moving average price is $2.40. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.95. The company has a market cap of $295.23 million, a PE ratio of -2.50 and a beta of 1.25.

Entravision Communications (NYSE:EVC) last released its earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $120.63 million during the quarter. Entravision Communications had a negative net margin of 27.92% and a negative return on equity of 66.12%.

Entravision Communications Dividend Announcement

The firm 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 $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -15.38%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Entravision Communications

Several institutional investors and hedge funds have recently made changes to their positions in EVC. Nuveen LLC purchased a new stake in shares of Entravision Communications during the first quarter valued at $366,000. American Century Companies Inc. raised its holdings in shares of Entravision Communications by 10.7% during the second quarter. American Century Companies Inc. now owns 10,202,560 shares of the company’s stock valued at $23,670,000 after purchasing an additional 984,510 shares during the last quarter. Corsair Capital Management L.P. purchased a new position in shares of Entravision Communications during the first quarter valued at approximately $55,000. R Squared Ltd bought a new position in Entravision Communications during the second quarter valued at approximately $44,000. Finally, Teton Advisors LLC purchased a new stake in Entravision Communications in the third quarter worth approximately $112,000. Institutional investors own 69.46% of the company’s stock.

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.