Entravision Communications (NYSE:EVC) Major Shareholder Sells $3,060,953.28 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 338,976 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $9.03, for a total value of $3,060,953.28. Following the completion of the sale, the insider directly owned 8,635,774 shares of the company’s stock, valued at $77,981,039.22. This represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% 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 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 shares were 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 stock was 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 Stock Performance

Shares of NYSE:EVC traded down $0.09 during trading on Thursday, reaching $8.83. The stock had a trading volume of 3,818,441 shares, compared to its average volume of 1,145,868. The stock has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $3.23. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications Corporation has a 52 week low of $1.81 and a 52 week high of $9.40. The firm has a market capitalization of $811.82 million, a price-to-earnings ratio of -40.13 and a beta of 1.36.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%. The business had revenue of $196.97 million during the quarter, compared to the consensus estimate of $121.49 million.

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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is -90.91%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Entravision Communications currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Entravision Communications

Several hedge funds have recently modified their holdings of EVC. Segall Bryant & Hamill LLC grew its stake in shares of Entravision Communications by 265.0% in the third 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 during the last quarter. Goldman Sachs Group Inc. raised its stake in Entravision Communications by 59.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock valued at $2,272,000 after purchasing an additional 289,451 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Entravision Communications during the 4th quarter valued at $521,000. Walleye Capital LLC bought a new stake in Entravision Communications in the 4th quarter valued at $311,000. Finally, Corsair Capital Management L.P. grew its position in Entravision Communications by 68.5% in the 4th quarter. Corsair Capital Management L.P. now owns 221,504 shares of the company’s stock worth $649,000 after purchasing an additional 90,023 shares during the last quarter. 69.46% of the stock is owned by institutional investors.

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.