Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 677,148 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 677,148 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $6.97, for a total transaction of $4,719,721.56. Following the completion of the transaction, the insider directly owned 556,263 shares of the company’s stock, valued at approximately $3,877,153.11. This trade represents a 54.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Alexandra Seros also recently made the following trade(s):

• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The stock was sold at an average price of $8.03, for a total transaction 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.

Entravision Communications Stock Up 23.3%

Shares of NYSE:EVC traded up $1.67 during midday trading on Monday, reaching $8.83. The company had a trading volume of 7,130,728 shares, compared to its average volume of 3,066,215. Entravision Communications Corporation has a 1-year low of $1.81 and a 1-year high of $8.87. The stock has a market cap of $811.55 million, a PE ratio of -40.11 and a beta of 1.36. 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 business’s 50 day moving average price is $3.60 and its 200 day moving average price is $3.14.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share 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 the consensus estimate 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.3%. Entravision Communications’s dividend payout ratio (DPR) is currently -90.91%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EVC. IMC Chicago LLC bought a new stake in Entravision Communications in the 1st quarter valued at $30,000. SG Americas Securities LLC bought a new position in Entravision Communications during the third quarter worth $27,000. StoneX Group Inc. acquired a new position in shares of Entravision Communications in the fourth quarter valued at $35,000. BNP Paribas Financial Markets increased its holdings in shares of Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after purchasing an additional 5,702 shares during the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of Entravision Communications in the fourth quarter valued at about $38,000. 69.46% of the stock is owned by institutional investors and hedge funds.

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.