Paul Zevnik Sells 324,686 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) Director Paul Zevnik sold 324,686 shares of Entravision Communications stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.67, for a total transaction of $3,139,713.62. Following the sale, the director owned 2,107,582 shares of the company’s stock, valued at approximately $20,380,317.94. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Entravision Communications Trading Down 4.8%

Shares of EVC traded down $0.47 during trading on Monday, reaching $9.20. 2,497,043 shares of the company traded hands, compared to its average volume of 1,434,946. Entravision Communications Corporation has a twelve month low of $1.95 and a twelve month high of $10.12. The stock has a market cap of $845.60 million, a PE ratio of -41.80 and a beta of 1.81. The stock has a 50-day simple moving average of $6.44 and a 200-day simple moving average of $4.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19.

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

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is currently -90.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EVC. Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Entravision Communications presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Entravision Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after purchasing an additional 5,702 shares in the last quarter. Rhumbline Advisers boosted its holdings in Entravision Communications by 7.1% in the second quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock valued at $212,000 after purchasing an additional 6,063 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Entravision Communications by 35.7% in the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after purchasing an additional 6,991 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Entravision Communications by 78.5% in the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock valued at $40,000 after purchasing an additional 7,642 shares in the last quarter. Finally, R Squared Ltd boosted its holdings in Entravision Communications by 40.6% in the third quarter. R Squared Ltd now owns 26,963 shares of the company’s stock valued at $63,000 after purchasing an additional 7,784 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

About Entravision Communications

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.