Liberman Jeffery Sells 29,200 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) COO Liberman Jeffery sold 29,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $2.80, for a total transaction of $81,760.00. Following the completion of the transaction, the chief operating officer directly owned 373,885 shares of the company’s stock, valued at approximately $1,046,878. This represents a 7.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Entravision Communications Trading Up 1.4%

NYSE EVC traded up $0.04 during mid-day trading on Monday, reaching $2.82. 279,403 shares of the stock were exchanged, compared to its average volume of 326,354. The stock has a market capitalization of $256.46 million, a PE ratio of -2.14 and a beta of 1.63. 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 1-year low of $1.58 and a 1-year high of $3.15. The business’s fifty day simple moving average is $2.40 and its 200 day simple moving average is $2.36.

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

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 yield of 7.1%. Entravision Communications’s dividend payout ratio is -15.38%.

Institutional Investors Weigh In On Entravision Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Entravision Communications by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 10,202,560 shares of the company’s stock worth $23,670,000 after purchasing an additional 984,510 shares during the period. Vanguard Group Inc. increased its position in Entravision Communications by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock worth $7,773,000 after purchasing an additional 36,503 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Entravision Communications by 3.7% in the third quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock valued at $2,327,000 after buying an additional 35,391 shares during the period. Goldman Sachs Group Inc. lifted its position 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 buying an additional 73,103 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in Entravision Communications by 265.0% during the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock worth $1,333,000 after buying an additional 415,348 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Entravision Communications Company Profile

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.