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 company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $6.97, for a total value of $4,719,721.56. Following the completion of the transaction, the insider owned 556,263 shares in the company, valued at $3,877,153.11. This represents a 54.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares 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 stock was sold at an average price of $6.73, for a total value of $3,357,684.49.

Entravision Communications Price Performance

Shares of NYSE EVC opened at $8.93 on Thursday. The firm has a market capitalization of $820.74 million, a P/E ratio of -40.57 and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The stock’s 50-day simple moving average is $3.82 and its two-hundred day simple moving average is $3.23. Entravision Communications Corporation has a twelve month low of $1.81 and a twelve month high of $9.34.

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

Entravision Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is currently -90.91%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Entravision Communications

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Entravision Communications during the 3rd quarter valued at $27,000. AQR Capital Management LLC purchased a new stake in Entravision Communications during the 1st quarter valued at $28,000. BNP Paribas Financial Markets boosted its position in Entravision Communications by 86.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares during the period. IMC Chicago LLC purchased a new stake in Entravision Communications during the 1st quarter valued at $30,000. Finally, StoneX Group Inc. purchased a new stake in Entravision Communications during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.