Insider Selling: Entravision Communications (NYSE:EVC) Major Shareholder Sells 278,163 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 278,163 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $7.80, for a total value of $2,169,671.40. Following the transaction, the insider owned 7,629,180 shares of the company’s stock, valued at $59,507,604. This trade represents a 3.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 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 Monday, May 18th, Alexandra Seros sold 468,583 shares of Entravision Communications stock. The shares were sold at an average price of $7.99, for a total value of $3,743,978.17.
• On Friday, May 15th, Alexandra Seros sold 259,848 shares of Entravision Communications stock. The shares were sold at an average price of $8.05, for a total value of $2,091,776.40.
• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The shares were sold at an average price of $9.03, for a total value of $3,060,953.28.
• On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The shares were sold at an average price of $8.71, for a total value of $5,967,316.81.
• On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The shares were sold at an average price of $8.33, for a total value of $1,335,149.06.
• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The shares were sold at an average price of $8.03, for a total value of $2,601,230.17.
• On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The shares were 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 shares were sold at an average price of $6.97, for a total value of $4,719,721.56.

Entravision Communications Trading Up 1.0%

Shares of NYSE EVC traded up $0.08 during trading hours on Tuesday, reaching $8.08. The stock had a trading volume of 3,163,150 shares, compared to its average volume of 4,445,761. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. The firm has a market cap of $742.76 million, a price-to-earnings ratio of -36.71 and a beta of 1.36. The business’s fifty day moving average price is $4.22 and its two-hundred day moving average price is $3.41. Entravision Communications Corporation has a 52-week low of $1.81 and a 52-week high of $9.40.

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

Entravision Communications Announces Dividend

The business also recently announced 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 is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.5%. Entravision Communications’s dividend payout ratio is currently -90.91%.

Hedge Funds Weigh In On Entravision Communications

Large investors have recently made changes to their positions in the business. MetLife Investment Management LLC increased its position in shares of Entravision Communications by 35.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after acquiring an additional 6,991 shares during the period. AQR Capital Management LLC acquired a new stake in Entravision Communications during the 1st quarter worth about $28,000. Goldman Sachs Group Inc. grew its position in Entravision Communications by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock worth $1,251,000 after purchasing an additional 73,103 shares during the period. Empowered Funds LLC grew its position in Entravision Communications by 7.4% during the 1st quarter. Empowered Funds LLC now owns 470,465 shares of the company’s stock worth $988,000 after purchasing an additional 32,321 shares during the period. Finally, Jane Street Group LLC grew its position in Entravision Communications by 146.2% during the 1st quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock worth $80,000 after purchasing an additional 22,606 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.