Entravision Communications Corporation (NYSE:EVC – Get Free Report) major shareholder Alexandra Seros sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $2.73, for a total value of $95,550.00. Following the transaction, the insider owned 10,822,122 shares of the company’s stock, valued at $29,544,393.06. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Wednesday, November 19th, Alexandra Seros sold 1,979 shares of Entravision Communications stock. The stock was sold at an average price of $2.67, for a total transaction of $5,283.93.
- On Monday, November 17th, Alexandra Seros sold 63,859 shares of Entravision Communications stock. The stock was sold at an average price of $2.82, for a total transaction of $180,082.38.
- On Friday, November 14th, Alexandra Seros sold 46,064 shares of Entravision Communications stock. The shares were sold at an average price of $2.77, for a total transaction of $127,597.28.
- On Thursday, November 13th, Alexandra Seros sold 57,978 shares of Entravision Communications stock. The shares were sold at an average price of $2.86, for a total transaction of $165,817.08.
- On Wednesday, November 12th, Alexandra Seros sold 45,120 shares of Entravision Communications stock. The stock was sold at an average price of $2.93, for a total transaction of $132,201.60.
- On Monday, November 10th, Alexandra Seros sold 23,093 shares of Entravision Communications stock. The stock was sold at an average price of $2.95, for a total transaction of $68,124.35.
- On Friday, November 7th, Alexandra Seros sold 69,090 shares of Entravision Communications stock. The stock was sold at an average price of $2.86, for a total transaction of $197,597.40.
- On Thursday, November 6th, Alexandra Seros sold 157,817 shares of Entravision Communications stock. The stock was sold at an average price of $2.75, for a total value of $433,996.75.
- On Thursday, September 11th, Alexandra Seros sold 41,078 shares of Entravision Communications stock. The shares were sold at an average price of $2.31, for a total value 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.
Entravision Communications Stock Down 4.2%
EVC traded down $0.12 on Wednesday, hitting $2.60. 364,169 shares of the company were exchanged, compared to its average volume of 327,118. The firm has a 50-day moving average price of $2.35 and a two-hundred day moving average price of $2.31. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.91. Entravision Communications Corporation has a twelve month low of $1.58 and a twelve month high of $3.15. The company has a market cap of $236.08 million, a price-to-earnings ratio of -1.97 and a beta of 1.63.
Entravision Communications Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.20 annualized dividend and a yield of 7.7%. Entravision Communications’s dividend payout ratio (DPR) is -15.38%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Nuveen LLC acquired a new position in Entravision Communications in the first quarter valued at approximately $366,000. Kingsview Wealth Management LLC purchased a new stake in shares of Entravision Communications during the 1st quarter worth approximately $31,000. Corsair Capital Management L.P. purchased a new stake in shares of Entravision Communications during the 1st quarter worth approximately $55,000. R Squared Ltd acquired a new position in shares of Entravision Communications in the 2nd quarter valued at $44,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Entravision Communications by 14.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock valued at $1,251,000 after buying an additional 73,103 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.
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