Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 278,163 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 278,163 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $7.80, for a total transaction of $2,169,671.40. Following the completion of the sale, the insider owned 7,629,180 shares of the company’s stock, valued at approximately $59,507,604. The trade was a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% 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 18th, Alexandra Seros sold 468,583 shares of Entravision Communications stock. The shares were sold at an average price of $7.99, for a total transaction of $3,743,978.17.
• On Friday, May 15th, Alexandra Seros sold 259,848 shares of Entravision Communications stock. The shares were sold at an average price of $8.05, for a total transaction of $2,091,776.40.
• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The shares were sold at an average price of $9.03, for a total transaction of $3,060,953.28.
• 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

Entravision Communications stock opened at $8.08 on Wednesday. The firm has a 50 day simple moving average of $4.22 and a 200-day simple moving average of $3.41. Entravision Communications Corporation has a 1-year low of $1.81 and a 1-year 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. The stock has a market cap of $742.76 million, a price-to-earnings ratio of -36.71 and a beta of 1.36.

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

Entravision Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. Entravision Communications’s dividend payout ratio is -90.91%.

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 note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Entravision Communications

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Entravision Communications by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock worth $7,773,000 after purchasing an additional 36,503 shares during the period. State Street Corp boosted its position in shares of Entravision Communications by 0.7% during the 4th quarter. State Street Corp now owns 1,413,637 shares of the company’s stock worth $4,142,000 after purchasing an additional 9,597 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Entravision Communications by 3.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock worth $2,327,000 after purchasing an additional 35,391 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Entravision Communications by 59.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock worth $2,272,000 after purchasing an additional 289,451 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in shares of Entravision Communications by 2.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,000 shares of the company’s stock worth $1,761,000 after purchasing an additional 13,226 shares during the period. 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.