Entravision Communications Co. (NYSE:EVC) Insider Von Wuthenau Juan Saldivar Sells 26,600 Shares of Stock

Entravision Communications Co. (NYSE:EVCGet Rating) insider Von Wuthenau Juan Saldivar sold 26,600 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $5.21, for a total value of $138,586.00. Following the transaction, the insider now directly owns 526,260 shares of the company’s stock, valued at approximately $2,741,814.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Entravision Communications Trading Up 4.6 %

Shares of EVC traded up $0.25 during midday trading on Thursday, hitting $5.64. 198,872 shares of the stock were exchanged, compared to its average volume of 181,037. Entravision Communications Co. has a 52-week low of $3.96 and a 52-week high of $7.86. The stock has a fifty day simple moving average of $4.63 and a 200 day simple moving average of $4.86. The firm has a market cap of $479.12 million, a P/E ratio of 20.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.60 and a current ratio of 1.60.

Entravision Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, December 14th. This represents a $0.10 annualized dividend and a dividend yield of 1.77%. Entravision Communications’s dividend payout ratio is currently 37.04%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SNC boosted its holdings in Entravision Communications by 15.6% in the third quarter. BNP Paribas Arbitrage SNC now owns 21,380 shares of the company’s stock valued at $85,000 after purchasing an additional 2,893 shares during the period. Quadrature Capital Ltd acquired a new stake in Entravision Communications in the third quarter valued at $41,000. First Trust Advisors LP raised its stake in Entravision Communications by 76.3% in the third quarter. First Trust Advisors LP now owns 161,670 shares of the company’s stock valued at $642,000 after buying an additional 69,980 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Entravision Communications by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 528,348 shares of the company’s stock valued at $2,097,000 after buying an additional 22,295 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Entravision Communications by 545.7% in the third quarter. Citadel Advisors LLC now owns 109,111 shares of the company’s stock valued at $433,000 after buying an additional 92,214 shares in the last quarter. 57.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EVC shares. TheStreet raised Entravision Communications from a “c” rating to a “b-” rating in a report on Thursday, August 4th. StockNews.com started coverage on Entravision Communications in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, EF Hutton Acquisition Co. I cut their price target on Entravision Communications from $14.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 7th.

Entravision Communications Company Profile

(Get Rating)

Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics across acculturation levels and media channels. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.

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