Paul Zevnik Sells 35,000 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) Director Paul Zevnik sold 35,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $8.40, for a total value of $294,000.00. Following the completion of the sale, the director owned 36,100 shares of the company’s stock, valued at approximately $303,240. This trade represents a 49.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Entravision Communications Stock Performance

Shares of NYSE:EVC opened at $8.44 on Friday. The business’s 50-day simple moving average is $10.39 and its 200 day simple moving average is $7.31. The company has a market cap of $778.91 million, a P/E ratio of 844.84 and a beta of 1.67. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.48. Entravision Communications Corporation has a one year low of $1.95 and a one year high of $13.74.

Entravision Communications (NYSE:EVC) last released its quarterly earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. Entravision Communications had a return on equity of 6.98% and a net margin of 0.62%.The firm had revenue of $227.90 million during the quarter, compared to analysts’ expectations of $121.49 million.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. Entravision Communications’s dividend payout ratio is 2,000.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EVC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a report on Monday, August 31st. Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Entravision Communications currently has an average rating of “Sell”.

Hedge Funds Weigh In On Entravision Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in shares of Entravision Communications by 237.7% in the second quarter. California State Teachers Retirement System now owns 11,371 shares of the company’s stock worth $148,000 after buying an additional 8,004 shares during the last quarter. Ratan Capital Management LP bought a new position in Entravision Communications during the 2nd quarter valued at $6,819,000. Flower City Capital bought a new position in Entravision Communications during the 2nd quarter valued at $137,000. Empowered Funds LLC grew its holdings in Entravision Communications by 24.8% during the 1st quarter. Empowered Funds LLC now owns 568,569 shares of the company’s stock worth $1,689,000 after acquiring an additional 113,013 shares in the last quarter. Finally, Rangeley Capital LLC grew its holdings in Entravision Communications by 11.1% during the 1st quarter. Rangeley Capital LLC now owns 100,000 shares of the company’s stock worth $297,000 after acquiring an additional 10,000 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

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.