Entravision Communications (NYSE:EVC) Major Shareholder Sells $197,597.40 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 69,090 shares of Entravision Communications stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $2.86, for a total transaction of $197,597.40. Following the sale, the insider owned 11,093,266 shares in the company, valued at approximately $31,726,740.76. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, November 10th, Alexandra Seros sold 23,093 shares of Entravision Communications stock. The shares were sold at an average price of $2.95, for a total transaction of $68,124.35.
• On Thursday, November 6th, Alexandra Seros sold 157,817 shares of Entravision Communications stock. The shares were sold at an average price of $2.75, for a total transaction of $433,996.75.
• On Thursday, September 11th, Alexandra Seros sold 41,078 shares of Entravision Communications stock. The stock was sold at an average price of $2.31, for a total transaction of $94,890.18.
• On Wednesday, September 10th, Alexandra Seros sold 58,525 shares of Entravision Communications stock. The shares were sold at an average price of $2.38, for a total value of $139,289.50.
• On Tuesday, September 9th, Alexandra Seros sold 24,359 shares of Entravision Communications stock. The stock was sold at an average price of $2.48, for a total value of $60,410.32.
• On Monday, September 8th, Alexandra Seros sold 32,911 shares of Entravision Communications stock. The stock was sold at an average price of $2.48, for a total value of $81,619.28.
• On Friday, September 5th, Alexandra Seros sold 22,157 shares of Entravision Communications stock. The shares were sold at an average price of $2.47, for a total value of $54,727.79.
• On Thursday, September 4th, Alexandra Seros sold 18,902 shares of Entravision Communications stock. The stock was sold at an average price of $2.47, for a total value of $46,687.94.
• On Wednesday, September 3rd, Alexandra Seros sold 20,588 shares of Entravision Communications stock. The shares were sold at an average price of $2.48, for a total value of $51,058.24.
• On Tuesday, September 2nd, Alexandra Seros sold 18,978 shares of Entravision Communications stock. The shares were sold at an average price of $2.52, for a total transaction of $47,824.56.

Entravision Communications Stock Down 2.5%

Shares of NYSE EVC opened at $2.93 on Thursday. The company’s 50 day moving average price is $2.32 and its 200-day moving average price is $2.28. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.48 and a current ratio of 2.48. Entravision Communications Corporation has a 52-week low of $1.58 and a 52-week high of $3.15. The company has a market capitalization of $266.92 million, a P/E ratio of -2.22 and a beta of 1.63.

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

Entravision Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 6.8%. Entravision Communications’s dividend payout ratio is presently -15.38%.

Institutional Trading of Entravision Communications

Several large investors have recently made changes to their positions in EVC. SG Americas Securities LLC bought a new stake in Entravision Communications in the 3rd quarter valued at about $27,000. AQR Capital Management LLC acquired a new stake in Entravision Communications in the first quarter valued at approximately $28,000. Fidelis Capital Partners LLC bought a new stake in shares of Entravision Communications during the second quarter valued at approximately $30,000. Kingsview Wealth Management LLC acquired a new position in shares of Entravision Communications during the first quarter worth approximately $31,000. Finally, Byrne Asset Management LLC bought a new position in shares of Entravision Communications in the 3rd quarter worth $33,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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