Entravision Communications (NYSE:EVC) Stock Price Down 4.9% – Should You Sell?

Entravision Communications Corporation (NYSE:EVC) was down 4.9% during trading on Tuesday . The stock traded as low as $9.23 and last traded at $9.36. Approximately 893,482 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 1,295,429 shares. The stock had previously closed at $9.84.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Entravision Communications Stock Down 1.3%

The firm has a fifty day moving average of $5.09 and a 200-day moving average of $3.75. 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 firm has a market cap of $863.87 million, a P/E ratio of -42.70 and a beta of 1.36.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $196.97 million during the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s payout ratio is presently -90.91%.

Insider Activity at Entravision Communications

In other news, major shareholder Alexandra Seros sold 685,111 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $8.71, for a total transaction of $5,967,316.81. Following the transaction, the insider directly owned 8,974,750 shares in the company, valued at $78,170,072.50. The trade was a 7.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 4,497,004 shares of company stock valued at $35,936,071. Company insiders own 8.34% of the company’s stock.

Hedge Funds Weigh In On Entravision Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC raised its position in Entravision Communications by 265.0% during 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 in the last quarter. R Squared Ltd raised 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 purchasing an additional 7,784 shares in the last quarter. SG Americas Securities LLC acquired a new position in Entravision Communications during the third quarter valued at approximately $27,000. Teton Advisors LLC raised its position in Entravision Communications by 23.1% during the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $238,000 after purchasing an additional 15,000 shares in the last quarter. Finally, IMC Chicago LLC acquired a new position in Entravision Communications during the first quarter valued at approximately $30,000. Institutional investors own 69.46% of the company’s stock.

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.