Entravision Communications (NYSE:EVC) Sets New 52-Week High – Should You Buy?

Entravision Communications Corporation (NYSE:EVC) reached a new 52-week high on Monday . The stock traded as high as $12.23 and last traded at $12.2570, with a volume of 221163 shares trading hands. The stock had previously closed at $12.03.

Analysts Set New Price Targets

A number of analysts have issued reports on EVC shares. Wall Street Zen raised Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Entravision Communications Stock Performance

The business’s fifty day moving average price is $7.86 and its two-hundred day moving average price is $4.77. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $1.17 billion, a P/E ratio of -57.75 and a beta of 1.79.

Entravision Communications (NYSE:EVC) last announced its quarterly 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 firm had revenue of $196.97 million during the quarter, compared to the consensus estimate 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. Entravision Communications’s dividend payout ratio is -90.91%.

Insider Activity at Entravision Communications

In other news, major shareholder Alexandra Seros sold 427,991 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.17, for a total transaction of $3,924,677.47. Following the transaction, the insider owned 6,823,139 shares of the company’s stock, valued at approximately $62,568,184.63. The trade was a 5.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul A. Zevnik sold 324,686 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.67, for a total value of $3,139,713.62. Following the sale, the director owned 2,107,582 shares in the company, valued at $20,380,317.94. The trade was a 13.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,821,690 shares of company stock valued at $39,075,784 over the last ninety days. Corporate insiders own 8.54% of the company’s stock.

Institutional Trading of Entravision Communications

A number of institutional investors have recently bought and sold shares of EVC. Segall Bryant & Hamill LLC increased its position in Entravision Communications by 265.0% during the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock valued at $1,333,000 after acquiring an additional 415,348 shares during the last quarter. R Squared Ltd lifted its holdings in shares of Entravision Communications by 40.6% in the 3rd quarter. R Squared Ltd now owns 26,963 shares of the company’s stock worth $63,000 after acquiring an additional 7,784 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Entravision Communications in the 1st quarter worth about $28,000. Empowered Funds LLC boosted its stake in shares of Entravision Communications by 24.8% during the 1st quarter. Empowered Funds LLC now owns 568,569 shares of the company’s stock worth $1,689,000 after purchasing an additional 113,013 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of Entravision Communications by 7.2% during the 1st quarter. Gabelli Funds LLC now owns 239,000 shares of the company’s stock worth $710,000 after purchasing an additional 16,000 shares during the period. 69.46% of the stock is currently owned by institutional investors.

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.