Insider Selling: Entravision Communications (NYSE:EVC) Major Shareholder Sells $3,924,677.47 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 427,991 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.17, for a total transaction of $3,924,677.47. Following the completion of the sale, the insider owned 6,823,139 shares in the company, valued at $62,568,184.63. This represents a 5.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, May 20th, Alexandra Seros sold 378,050 shares of Entravision Communications stock. The stock was sold at an average price of $7.84, for a total transaction of $2,963,912.00.
• 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 transaction of $2,169,671.40.
• On Monday, May 18th, Alexandra Seros sold 468,583 shares of Entravision Communications stock. The stock was sold at an average price of $7.99, for a total transaction of $3,743,978.17.
• 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 stock was 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 stock was 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 stock was 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 stock was 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 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 stock was 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 opened at $9.70 on Friday. The stock has a market capitalization of $892.20 million, a P/E ratio of -44.10 and a beta of 1.36. Entravision Communications Corporation has a 1-year low of $1.85 and a 1-year high of $10.12. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. The business has a 50-day moving average price of $4.59 and a two-hundred day moving average price of $3.55.

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

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.05 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Entravision Communications’s payout ratio is currently -90.91%.

Hedge Funds Weigh In On Entravision Communications

Large investors have recently bought and sold shares of the company. IMC Chicago LLC acquired a new position in Entravision Communications during the 1st quarter worth approximately $30,000. SG Americas Securities LLC acquired a new position in Entravision Communications during the 3rd quarter worth approximately $27,000. StoneX Group Inc. acquired a new position in Entravision Communications during the 4th quarter worth approximately $35,000. BNP Paribas Financial Markets boosted its position in Entravision Communications by 86.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after acquiring an additional 5,702 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new position in Entravision Communications during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.