Entravision Communications (NYSE:EVC) Stock Price Down 4.9% – Here’s Why

Entravision Communications Corporation (NYSE:EVC) shares fell 4.9% during trading on Tuesday . The company traded as low as $9.23 and last traded at $9.36. 893,482 shares were traded during mid-day trading, a decline of 31% from the average session volume of 1,295,429 shares. The stock had previously closed at $9.84.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Entravision Communications has an average rating of “Sell”.

Entravision Communications Stock Performance

The stock’s 50-day simple moving average is $4.72 and its 200-day simple moving average is $3.61. The stock has a market cap of $807.41 million, a price-to-earnings ratio of -39.91 and a beta of 1.36. 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 announced its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $196.97 million for the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is presently -90.91%.

Insider Activity

In other Entravision Communications news, major shareholder Alexandra Seros sold 685,111 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $8.71, for a total transaction of $5,967,316.81. Following the transaction, the insider owned 8,974,750 shares in the company, valued at $78,170,072.50. This represents a 7.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 4,497,004 shares of company stock worth $35,936,071. Corporate insiders own 8.34% of the company’s stock.

Institutional Trading of Entravision Communications

Large investors have recently made changes to their positions in the company. IMC Chicago LLC acquired a new stake in shares of Entravision Communications during the 1st quarter worth approximately $30,000. SG Americas Securities LLC acquired a new stake in shares of Entravision Communications during the 3rd quarter worth approximately $27,000. StoneX Group Inc. acquired a new stake in shares of Entravision Communications during the 4th quarter worth approximately $35,000. BNP Paribas Financial Markets boosted its position in shares of Entravision Communications by 86.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after acquiring an additional 5,702 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Entravision Communications during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.