Entravision Communications (NYSE:EVC) Major Shareholder Sells $2,601,230.17 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 323,939 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $8.03, for a total value of $2,601,230.17. Following the transaction, the insider owned 9,820,143 shares of the company’s stock, valued at $78,855,748.29. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Alexandra Seros also recently made the following trade(s):

• On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The stock was sold at an average price of $6.73, for a total value of $3,357,684.49.
• On Thursday, May 7th, Alexandra Seros sold 677,148 shares of Entravision Communications stock. The stock was sold at an average price of $6.97, for a total value of $4,719,721.56.

Entravision Communications Price Performance

Entravision Communications stock opened at $8.93 on Thursday. The firm has a market capitalization of $820.74 million, a P/E ratio of -40.57 and a beta of 1.36. Entravision Communications Corporation has a 1 year low of $1.81 and a 1 year high of $9.34. The business has a 50-day moving average of $3.82 and a 200-day moving average of $3.23. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.The business had revenue of $196.97 million during the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.2%. Entravision Communications’s payout ratio is presently -90.91%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Entravision Communications

Hedge funds have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC increased its position in Entravision Communications by 265.0% during the 3rd 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. Goldman Sachs Group Inc. grew its holdings in shares of Entravision Communications by 59.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock worth $2,272,000 after purchasing an additional 289,451 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Entravision Communications during the 4th quarter worth $521,000. Walleye Capital LLC acquired a new stake in shares of Entravision Communications during the 4th quarter worth $311,000. Finally, Corsair Capital Management L.P. grew its holdings in shares of Entravision Communications by 68.5% during the 4th quarter. Corsair Capital Management L.P. now owns 221,504 shares of the company’s stock worth $649,000 after purchasing an additional 90,023 shares in the last quarter. Institutional investors and hedge funds 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.