Paul Zevnik Sells 35,000 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) Director Paul Zevnik sold 35,000 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $8.40, for a total value of $294,000.00. Following the transaction, the director directly owned 36,100 shares in the company, valued at $303,240. The trade was a 49.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Entravision Communications Stock Performance

Shares of EVC traded up $0.03 during trading hours on Friday, hitting $8.44. The stock had a trading volume of 912,529 shares, compared to its average volume of 1,536,486. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.48 and a quick ratio of 1.48. Entravision Communications Corporation has a 12 month low of $1.95 and a 12 month high of $13.74. The firm has a market capitalization of $778.93 million, a PE ratio of 844.84 and a beta of 1.67. The stock has a fifty day moving average price of $10.47 and a 200 day moving average price of $7.30.

Entravision Communications (NYSE:EVC) last posted its earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The company had revenue of $227.90 million for the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a return on equity of 6.98% and a net margin of 0.62%.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 16th. Entravision Communications’s dividend payout ratio is 2,000.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EVC. Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a research report on Monday. Wall Street Zen raised Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Entravision Communications

Several institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in Entravision Communications during the 1st quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its stake in Entravision Communications by 86.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after purchasing an additional 5,702 shares during the period. IMC Chicago LLC purchased a new stake in Entravision Communications during the 1st quarter valued at approximately $30,000. StoneX Group Inc. purchased a new stake in Entravision Communications during the 4th quarter valued at approximately $35,000. Finally, Vise Technologies Inc. bought a new stake in shares of Entravision Communications during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.