Insider Selling: Entravision Communications (NYSE:EVC) COO Sells 20,153 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) COO Liberman Jeffery sold 20,153 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $3.15, for a total value of $63,481.95. Following the completion of the transaction, the chief operating officer owned 58,357 shares of the company’s stock, valued at $183,824.55. This trade represents a 25.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Entravision Communications Trading Down 0.2%

NYSE:EVC traded down $0.01 during mid-day trading on Monday, reaching $3.18. The company’s stock had a trading volume of 258,523 shares, compared to its average volume of 354,661. Entravision Communications Corporation has a twelve month low of $1.58 and a twelve month high of $3.43. The company’s fifty day simple moving average is $2.53 and its two-hundred day simple moving average is $2.43. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market cap of $288.86 million, a P/E ratio of -2.44 and a beta of 1.24.

Entravision Communications (NYSE:EVC) last announced 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 net margin of 27.92% and a negative return on equity of 66.12%. The company had revenue of $120.63 million for the quarter.

Entravision Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Tuesday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is -15.38%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Entravision Communications in a research note on Wednesday, December 10th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Entravision Communications presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in shares of Entravision Communications during the first quarter valued at $366,000. American Century Companies Inc. boosted its stake in Entravision Communications by 10.7% during the 2nd quarter. American Century Companies Inc. now owns 10,202,560 shares of the company’s stock valued at $23,670,000 after purchasing an additional 984,510 shares during the period. Corsair Capital Management L.P. bought a new position in Entravision Communications in the 1st quarter worth about $55,000. R Squared Ltd acquired a new position in shares of Entravision Communications during the second quarter valued at $44,000. Finally, Fidelis Capital Partners LLC bought a new stake in Entravision Communications during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.