Entravision Communications (NYSE:EVC) Shares Gap Down – Should You Sell?

Entravision Communications Corporation (NYSE:EVC) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.70, but opened at $10.11. Entravision Communications shares last traded at $10.2860, with a volume of 1,043,742 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EVC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, June 3rd. Wall Street Zen raised 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.com, the stock presently has a consensus rating of “Sell”.

Entravision Communications Price Performance

The stock has a market capitalization of $823.07 million, a PE ratio of 895.90 and a beta of 1.72. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The stock’s 50-day moving average is $10.91 and its 200 day moving average is $6.70.

Entravision Communications (NYSE:EVC) last released its earnings results on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The company had revenue of $227.90 million during the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a net margin of 0.62% and a return on equity of 7.44%.

Entravision Communications Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.2%. Entravision Communications’s dividend payout ratio is 2,000.00%.

Insider Buying and Selling at Entravision Communications

In related news, major shareholder Alexandra Seros sold 427,991 shares of Entravision Communications stock in a transaction on 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 completion of the sale, the insider owned 6,823,139 shares of the company’s stock, valued at approximately $62,568,184.63. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul A. Zevnik sold 324,686 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.67, for a total value of $3,139,713.62. Following the completion of the transaction, the director owned 2,107,582 shares in the company, valued at $20,380,317.94. This trade represents a 13.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,137,321 shares of company stock valued at $18,033,729. 9.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Entravision Communications

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Entravision Communications by 1.1% during the third quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock valued at $7,773,000 after acquiring an additional 36,503 shares in the last quarter. State Street Corp lifted its stake in Entravision Communications by 0.7% in the fourth quarter. State Street Corp now owns 1,413,637 shares of the company’s stock valued at $4,142,000 after acquiring an additional 9,597 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Entravision Communications by 3.7% in the third quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock worth $2,327,000 after acquiring an additional 35,391 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Entravision Communications by 59.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock worth $2,272,000 after acquiring an additional 289,451 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Entravision Communications by 2.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,000 shares of the company’s stock worth $1,761,000 after purchasing an additional 13,226 shares during the last quarter. Institutional investors 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.