Liberman Jeffery Sells 29,200 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) COO Liberman Jeffery sold 29,200 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $2.80, for a total transaction of $81,760.00. Following the transaction, the chief operating officer directly owned 373,885 shares in the company, valued at approximately $1,046,878. This trade represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Entravision Communications Price Performance

Shares of NYSE EVC traded up $0.04 during midday trading on Monday, hitting $2.82. The company had a trading volume of 279,403 shares, compared to its average volume of 326,354. The firm has a market capitalization of $256.46 million, a price-to-earnings ratio of -2.14 and a beta of 1.63. Entravision Communications Corporation has a twelve month low of $1.58 and a twelve month high of $3.15. The business has a 50-day simple moving average of $2.40 and a two-hundred day simple moving average of $2.36. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.91.

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

Entravision Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued 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 7.1%. Entravision Communications’s payout ratio is currently -15.38%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVC. Nuveen LLC purchased a new stake in Entravision Communications in the 1st quarter valued at approximately $366,000. MetLife Investment Management LLC raised its holdings in shares of Entravision Communications by 35.7% in the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after acquiring an additional 6,991 shares during the last quarter. Corsair Capital Management L.P. purchased a new stake in shares of Entravision Communications in the first quarter valued at $55,000. AQR Capital Management LLC acquired a new stake in shares of Entravision Communications during the first quarter valued at $28,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Entravision Communications by 14.0% during the first 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 during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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