Alexandra Seros Sells 338,976 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 338,976 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $9.03, for a total transaction of $3,060,953.28. Following the sale, the insider directly owned 8,635,774 shares in the company, valued at $77,981,039.22. This represents a 3.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The shares were sold at an average price of $8.71, for a total transaction of $5,967,316.81.
• On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The shares were sold at an average price of $8.33, for a total transaction of $1,335,149.06.
• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The shares were sold at an average price of $8.03, for a total transaction 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 transaction of $3,357,684.49.
• On Thursday, May 7th, Alexandra Seros sold 677,148 shares of Entravision Communications stock. The shares were sold at an average price of $6.97, for a total transaction of $4,719,721.56.

Entravision Communications Stock Performance

Shares of Entravision Communications stock opened at $7.80 on Friday. The firm’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $3.31. The stock has a market capitalization of $717.10 million, a price-to-earnings ratio of -35.45 and a beta of 1.36. Entravision Communications Corporation has a 12 month low of $1.81 and a 12 month high of $9.40. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40.

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

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio (DPR) is -90.91%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Entravision Communications

Several hedge funds and other institutional investors have recently made changes to their positions in EVC. Rangeley Capital LLC raised its stake in shares of Entravision Communications by 11.1% during the 1st quarter. Rangeley Capital LLC now owns 100,000 shares of the company’s stock worth $297,000 after buying an additional 10,000 shares during the last quarter. Teton Advisors LLC raised its stake in Entravision Communications by 23.1% in the 1st quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $238,000 after purchasing an additional 15,000 shares during the last quarter. Gabelli Funds LLC grew its holdings in Entravision Communications by 7.2% in the 1st quarter. Gabelli Funds LLC now owns 239,000 shares of the company’s stock valued at $710,000 after buying an additional 16,000 shares during the period. IMC Chicago LLC purchased a new stake in Entravision Communications in the 1st quarter valued at about $30,000. Finally, 3Chopt Investment Partners LLC purchased a new stake in Entravision Communications in the 1st quarter valued at about $46,000. Institutional investors and hedge funds 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.