Entravision Communications Corporation $EVC Shares Sold by Gate City Capital Management LLC

Gate City Capital Management LLC decreased its holdings in Entravision Communications Corporation (NYSE:EVC) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,090,968 shares of the company’s stock after selling 506,600 shares during the quarter. Entravision Communications accounts for approximately 14.1% of Gate City Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Gate City Capital Management LLC owned 12.19% of Entravision Communications worth $32,497,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC acquired a new position in shares of Entravision Communications in the 1st quarter valued at $28,000. BNP Paribas Financial Markets raised its stake in shares of Entravision Communications by 86.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares in the last quarter. StoneX Group Inc. acquired a new position in shares of Entravision Communications in the 4th quarter valued at $35,000. Vise Technologies Inc. acquired a new position in shares of Entravision Communications in the 4th quarter valued at $38,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Entravision Communications in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Insider Transactions at Entravision Communications

In other Entravision Communications news, Director Paul A. Zevnik sold 324,686 shares of the 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 $20,380,317.94. This represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alexandra Seros sold 427,991 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.17, for a total transaction of $3,924,677.47. Following the sale, the insider directly owned 6,823,139 shares in the company, valued at approximately $62,568,184.63. This represents a 5.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 4,821,690 shares of company stock worth $39,075,784. Insiders own 8.54% of the company’s stock.

Entravision Communications Stock Down 1.0%

EVC opened at $9.13 on Wednesday. The firm’s 50-day simple moving average is $6.69 and its 200-day simple moving average is $4.33. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. Entravision Communications Corporation has a twelve month low of $1.95 and a twelve month high of $10.12. The firm has a market cap of $839.50 million, a price-to-earnings ratio of -41.50 and a beta of 1.81.

Entravision Communications (NYSE:EVC) last posted its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. 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 dividend payout ratio is currently -90.91%.

Wall Street Analysts Forecast Growth

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

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.