Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 259,848 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 259,848 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $8.05, for a total value of $2,091,776.40. Following the completion of the sale, the insider owned 8,375,926 shares in the company, valued at $67,426,204.30. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major 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 Tuesday, May 19th, Alexandra Seros sold 278,163 shares of Entravision Communications stock. The stock was sold at an average price of $7.80, for a total value of $2,169,671.40.
• On Monday, May 18th, Alexandra Seros sold 468,583 shares of Entravision Communications stock. The stock was sold at an average price of $7.99, for a total value of $3,743,978.17.
• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The stock was 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 stock was 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 stock was 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 EVC stock opened at $8.08 on Wednesday. Entravision Communications Corporation has a 1 year low of $1.81 and a 1 year high of $9.40. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $4.22 and its two-hundred day simple moving average is $3.41. The company has a market cap of $742.76 million, a PE ratio of -36.71 and a beta of 1.36.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data 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. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.The business had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is presently -90.91%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EVC. MetLife Investment Management LLC grew its stake in Entravision Communications by 35.7% in the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after purchasing an additional 6,991 shares in the last quarter. AQR Capital Management LLC bought a new position in Entravision Communications in the first quarter worth approximately $28,000. Goldman Sachs Group Inc. grew its stake in Entravision Communications by 14.0% in the first 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 in the last quarter. Empowered Funds LLC grew its stake in Entravision Communications by 7.4% in the first quarter. Empowered Funds LLC now owns 470,465 shares of the company’s stock worth $988,000 after purchasing an additional 32,321 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Entravision Communications by 146.2% in the first 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 in 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.