Entravision Communications (NYSE:EVC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Entravision Communications Corporation (NYSE:EVC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.62 and traded as high as $3.04. Entravision Communications shares last traded at $3.0250, with a volume of 234,453 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Entravision Communications in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Entravision Communications has a consensus rating of “Sell”.

Entravision Communications Price Performance

The company has a market capitalization of $275.21 million, a P/E ratio of -2.33 and a beta of 1.26. The business’s 50-day moving average is $3.05 and its two-hundred day moving average is $2.62. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.95.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter. Entravision Communications had a negative return on equity of 66.12% and a negative net margin of 27.92%.The firm had revenue of $120.63 million during the quarter.

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Tuesday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -15.38%.

Insider Buying and Selling at Entravision Communications

In related news, major shareholder Alexandra Seros sold 157,817 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $2.75, for a total value of $433,996.75. Following the transaction, the insider directly owned 11,162,326 shares of the company’s stock, valued at approximately $30,696,396.50. The trade was a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Liberman A. Jeffery sold 85,108 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $3.29, for a total transaction of $280,005.32. Following the transaction, the chief operating officer owned 126,316 shares of the company’s stock, valued at approximately $415,579.64. The trade was a 40.25% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 920,000 shares of company stock worth $2,658,527. Insiders own 8.34% of the company’s stock.

Institutional Trading of Entravision Communications

Hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC grew its position in shares of Entravision Communications by 35.7% during the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after acquiring an additional 6,991 shares during the period. AQR Capital Management LLC purchased a new position in Entravision Communications in the first quarter valued at approximately $28,000. Goldman Sachs Group Inc. grew its holdings in Entravision Communications by 14.0% during the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock valued at $1,251,000 after purchasing an additional 73,103 shares during the period. Empowered Funds LLC increased its position in Entravision Communications by 7.4% in the first quarter. Empowered Funds LLC now owns 470,465 shares of the company’s stock worth $988,000 after buying an additional 32,321 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Entravision Communications by 146.2% in the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock worth $80,000 after buying an additional 22,606 shares during the last quarter. 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.