Alexandra Seros Sells 323,939 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 323,939 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $8.03, for a total value of $2,601,230.17. Following the completion of the sale, the insider owned 9,820,143 shares in the company, valued at approximately $78,855,748.29. This represents a 3.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 transaction of $4,719,721.56.

Entravision Communications Price Performance

Shares of NYSE:EVC traded up $1.67 during trading on Monday, reaching $8.83. The stock 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 business has a fifty day moving average price of $3.60 and a 200-day moving average price of $3.14. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Announces Dividend

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

Hedge Funds Weigh In On Entravision Communications

Large investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC boosted its stake in shares of Entravision Communications by 265.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock worth $1,333,000 after acquiring an additional 415,348 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Entravision Communications during the third quarter valued at approximately $27,000. Vise Technologies Inc. acquired a new stake in Entravision Communications during the fourth quarter worth approximately $38,000. StoneX Group Inc. purchased a new stake in shares of Entravision Communications in the fourth quarter valued at $35,000. Finally, BNP Paribas Financial Markets grew its holdings in Entravision Communications by 86.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Entravision Communications currently has a consensus rating of “Sell”.

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.