Insider Selling: Entravision Communications (NYSE:EVC) COO Sells $70,930.08 in Stock

Entravision Communications Corporation (NYSE:EVC) COO Liberman Jeffery sold 21,892 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $3.24, for a total transaction of $70,930.08. Following the transaction, the chief operating officer directly owned 104,424 shares in the company, valued at approximately $338,333.76. This trade represents a 17.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Entravision Communications Stock Down 0.2%

EVC stock opened at $3.15 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.95. The company’s 50-day moving average price is $2.57 and its 200 day moving average price is $2.44. Entravision Communications Corporation has a 52 week low of $1.58 and a 52 week high of $3.43. The company has a market cap of $286.13 million, a P/E ratio of -2.42 and a beta of 1.25.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $120.63 million for the quarter. Entravision Communications had a negative return on equity of 66.12% and a negative net margin of 27.92%.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Tuesday, December 16th. Entravision Communications’s dividend payout ratio is presently -15.38%.

Hedge Funds Weigh In On Entravision Communications

Several institutional investors and hedge funds have recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Entravision Communications during the first quarter worth $366,000. American Century Companies Inc. increased its stake in shares of Entravision Communications by 10.7% during the 2nd quarter. American Century Companies Inc. now owns 10,202,560 shares of the company’s stock valued at $23,670,000 after acquiring an additional 984,510 shares during the last quarter. Corsair Capital Management L.P. purchased a new position in shares of Entravision Communications during the 1st quarter worth about $55,000. R Squared Ltd acquired a new stake in shares of Entravision Communications in the second quarter worth approximately $44,000. Finally, Segall Bryant & Hamill LLC grew its holdings in Entravision Communications by 265.0% in the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock valued at $1,333,000 after purchasing an additional 415,348 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Entravision Communications in a report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Entravision Communications presently has an average rating of “Sell”.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.