Insider Selling: Entravision Communications (NYSE:EVC) Major Shareholder Sells 468,583 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 468,583 shares of Entravision Communications stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $7.99, for a total value of $3,743,978.17. Following the transaction, the insider owned 7,907,343 shares of the company’s stock, valued at $63,179,670.57. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 Friday, May 15th, Alexandra Seros sold 259,848 shares of Entravision Communications stock. The stock was sold at an average price of $8.05, for a total transaction of $2,091,776.40.
• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The shares were sold at an average price of $9.03, for a total transaction of $3,060,953.28.
• On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The shares were sold at an average price of $8.71, for a total transaction 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 transaction 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 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 transaction 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 Trading Up 1.0%

Shares of EVC traded up $0.08 during mid-day trading on Tuesday, hitting $8.08. The company had a trading volume of 3,163,150 shares, compared to its average volume of 4,445,761. The business’s 50-day simple moving average is $4.22 and its 200-day simple moving average is $3.41. 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 1-year low of $1.81 and a 1-year high of $9.40. The stock 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 released its earnings results 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 for the quarter, compared to analysts’ expectations of $121.49 million.

Entravision Communications Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in Entravision Communications by 86.4% during the third 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 in the last quarter. Rhumbline Advisers lifted its position in Entravision Communications by 7.1% during the second quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock valued at $212,000 after buying an additional 6,063 shares in the last quarter. MetLife Investment Management LLC lifted its position in Entravision Communications by 35.7% during the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after buying an additional 6,991 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Entravision Communications by 78.5% during the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock valued at $40,000 after buying an additional 7,642 shares in the last quarter. Finally, R Squared Ltd lifted its position in Entravision Communications by 40.6% during the third quarter. R Squared Ltd now owns 26,963 shares of the company’s stock valued at $63,000 after buying an additional 7,784 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

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 report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Entravision Communications currently has an average rating of “Sell”.

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.