Entravision Communications (NYSE:EVC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Entravision Communications Corporation (NYSE:EVC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.77 and traded as high as $11.33. Entravision Communications shares last traded at $11.0520, with a volume of 960,884 shares.

Analysts Set New Price Targets

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

Entravision Communications Stock Down 3.3%

The firm’s 50 day moving average is $10.26 and its two-hundred day moving average is $5.82. The firm has a market cap of $965.15 million, a P/E ratio of -47.70 and a beta of 1.69. 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 issued its earnings results on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $196.97 million during the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

Entravision Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, June 16th. Entravision Communications’s dividend payout ratio is presently -90.91%.

Insider Buying and Selling at Entravision Communications

In related news, Director Paul A. Zevnik sold 324,686 shares of Entravision Communications stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.67, for a total value 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 trade represents a 13.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alexandra Seros sold 427,991 shares of Entravision Communications stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.17, for a total transaction of $3,924,677.47. Following the completion of the sale, the insider owned 6,823,139 shares in the company, valued at $62,568,184.63. This trade represents a 5.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,821,690 shares of company stock valued at $39,075,784 in the last three months. 8.34% of the stock is owned by insiders.

Institutional Trading of Entravision Communications

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after buying an additional 5,702 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Entravision Communications by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock worth $212,000 after acquiring an additional 6,063 shares during the last quarter. MetLife Investment Management LLC raised its stake in 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. Tower Research Capital LLC TRC lifted its stake in shares of Entravision Communications by 78.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock worth $40,000 after buying an additional 7,642 shares during the last quarter. Finally, Occudo Quantitative Strategies LP raised its holdings in Entravision Communications by 49.6% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock valued at $57,000 after acquiring an additional 8,063 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.