Insider Selling: Entravision Communications (NYSE:EVC) Major Shareholder Sells $4,719,721.56 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 677,148 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $6.97, for a total transaction of $4,719,721.56. Following the completion of the transaction, the insider directly owned 556,263 shares in the company, valued at approximately $3,877,153.11. This represents a 54.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 value of $2,601,230.17.
• On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The shares were sold at an average price of $6.73, for a total value of $3,357,684.49.

Entravision Communications Stock Performance

Shares of NYSE EVC traded up $1.67 during trading hours on Monday, reaching $8.83. 7,130,728 shares of the stock were exchanged, compared to its average volume of 3,066,215. The firm has a market capitalization of $811.55 million, a price-to-earnings ratio of -40.11 and a beta of 1.36. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. Entravision Communications Corporation has a 52 week low of $1.81 and a 52 week high of $8.87. The stock’s fifty day simple moving average is $3.60 and its 200 day simple moving average is $3.14.

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

Entravision Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. Entravision Communications’s dividend payout ratio (DPR) is currently -90.91%.

Institutional Investors Weigh In On Entravision Communications

Several institutional investors have recently made changes to their positions in EVC. IMC Chicago LLC bought a new position in Entravision Communications during the 1st quarter worth $30,000. SG Americas Securities LLC acquired a new position in Entravision Communications in the 3rd quarter valued at $27,000. StoneX Group Inc. bought a new stake in shares of Entravision Communications during the 4th quarter valued at $35,000. BNP Paribas Financial Markets grew 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 purchasing an additional 5,702 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Entravision Communications during the 4th quarter worth $38,000. 69.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.