Von Wuthenau Juan Saldivar Sells 26,600 Shares of Entravision Communications Co. (NYSE:EVC) Stock

Entravision Communications Co. (NYSE:EVCGet Rating) insider Von Wuthenau Juan Saldivar sold 26,600 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $5.21, for a total transaction of $138,586.00. Following the sale, the insider now directly owns 526,260 shares in the company, valued at $2,741,814.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Entravision Communications Trading Up 4.6 %

Shares of NYSE EVC opened at $5.64 on Friday. The company’s 50 day simple moving average is $4.65 and its 200 day simple moving average is $4.86. Entravision Communications Co. has a fifty-two week low of $3.96 and a fifty-two week high of $7.86. The firm has a market capitalization of $479.12 million, a P/E ratio of 20.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.60.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.025 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.10 annualized dividend and a yield of 1.77%. Entravision Communications’s dividend payout ratio is currently 37.04%.

Analyst Upgrades and Downgrades

EVC has been the topic of several research analyst reports. EF Hutton Acquisition Co. I decreased their price target on shares of Entravision Communications from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 7th. TheStreet upgraded shares of Entravision Communications from a “c” rating to a “b-” rating in a report on Thursday, August 4th. Finally, StockNews.com started coverage on shares of Entravision Communications in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On Entravision Communications

Several large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SNC lifted its holdings in Entravision Communications by 15.6% in the third quarter. BNP Paribas Arbitrage SNC now owns 21,380 shares of the company’s stock valued at $85,000 after buying an additional 2,893 shares during the period. Quadrature Capital Ltd acquired a new stake in Entravision Communications in the third quarter worth $41,000. First Trust Advisors LP raised its holdings in Entravision Communications by 76.3% in the third quarter. First Trust Advisors LP now owns 161,670 shares of the company’s stock worth $642,000 after purchasing an additional 69,980 shares during the period. Bank of New York Mellon Corp raised its holdings in Entravision Communications by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 528,348 shares of the company’s stock worth $2,097,000 after purchasing an additional 22,295 shares during the period. Finally, Citadel Advisors LLC raised its holdings in Entravision Communications by 545.7% in the third quarter. Citadel Advisors LLC now owns 109,111 shares of the company’s stock worth $433,000 after purchasing an additional 92,214 shares during the period. 57.52% of the stock is currently owned by institutional investors and hedge funds.

About Entravision Communications

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Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics across acculturation levels and media channels. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.

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