Entravision Communications (NYSE:EVC) Major Shareholder Sells $5,967,316.81 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 685,111 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $8.71, for a total value of $5,967,316.81. Following the sale, the insider directly owned 8,974,750 shares of the company’s stock, valued at approximately $78,170,072.50. This represents a 7.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Alexandra Seros also recently made the following trade(s):

• 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 value of $3,060,953.28.
• 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 shares were 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 Trading Down 11.8%

Shares of NYSE EVC opened at $7.80 on Friday. Entravision Communications Corporation has a 12 month low of $1.81 and a 12 month high of $9.40. The company has a market cap of $717.10 million, a price-to-earnings ratio of -35.45 and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The business has a fifty day simple moving average of $4.03 and a 200-day simple moving average of $3.31.

Entravision Communications (NYSE:EVC) last announced its earnings results on Tuesday, May 5th. The company reported $0.13 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 the consensus estimate of $121.49 million.

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s payout ratio is presently -90.91%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Entravision Communications during the third quarter valued at $27,000. AQR Capital Management LLC acquired a new position in Entravision Communications during the first quarter valued at $28,000. BNP Paribas Financial Markets increased its position 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 last quarter. IMC Chicago LLC acquired a new position in Entravision Communications in the 1st quarter worth about $30,000. Finally, StoneX Group Inc. acquired a new position in Entravision Communications in the 4th quarter worth about $35,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised 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, the stock presently has a consensus 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.