Alexandra Seros Sells 498,913 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 498,913 shares of Entravision Communications stock in a transaction on Friday, May 8th. The stock was sold at an average price of $6.73, for a total transaction of $3,357,684.49. Following the transaction, the insider directly owned 389,848 shares of the company’s stock, valued at $2,623,677.04. The trade was a 56.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 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 Stock Down 8.4%

Shares of NYSE:EVC opened at $8.12 on Wednesday. Entravision Communications Corporation has a 1 year low of $1.81 and a 1 year high of $8.97. The business has a 50 day simple moving average of $3.70 and a two-hundred day simple moving average of $3.19. The firm has a market capitalization of $746.81 million, a PE ratio of -36.91 and a beta of 1.36. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40.

Entravision Communications (NYSE:EVC) last announced its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s payout ratio is currently -90.91%.

Wall Street Analyst Weigh In

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

Institutional Trading of Entravision Communications

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Entravision Communications in the third quarter worth about $27,000. AQR Capital Management LLC purchased a new stake in Entravision Communications in the first quarter worth about $28,000. BNP Paribas Financial Markets lifted its stake in Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after acquiring an additional 5,702 shares during the period. IMC Chicago LLC purchased a new stake in Entravision Communications during the first quarter worth $30,000. Finally, StoneX Group Inc. purchased a new stake in Entravision Communications during the fourth quarter worth $35,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

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.