Entravision Communications (NYSE:EVC) Sets New 52-Week High – Should You Buy?

Shares of Entravision Communications Corporation (NYSE:EVC) reached a new 52-week high on Monday . The company traded as high as $12.23 and last traded at $12.2570, with a volume of 221163 shares trading hands. The stock had previously closed at $12.03.

Analysts Set New Price Targets

EVC has been the subject of several analyst reports. Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Entravision Communications has an average rating of “Sell”.

Entravision Communications Price Performance

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 firm has a market cap of $1.17 billion, a PE ratio of -57.75 and a beta of 1.79. The stock has a 50 day simple moving average of $7.86 and a 200-day simple moving average of $4.77.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $196.97 million for the quarter, compared to the consensus estimate 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 declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. Entravision Communications’s payout ratio is currently -90.91%.

Insider Buying and Selling

In other news, major shareholder Alexandra Seros sold 685,111 shares of Entravision Communications stock in a transaction that occurred on 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 sale, the insider owned 8,974,750 shares in the company, valued at $78,170,072.50. This trade represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul A. Zevnik sold 324,686 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.67, for a total transaction of $3,139,713.62. Following the completion of the transaction, the director directly owned 2,107,582 shares in the company, valued at $20,380,317.94. This trade represents a 13.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 4,821,690 shares of company stock worth $39,075,784. 8.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Entravision Communications

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new stake in Entravision Communications in the 1st quarter worth $28,000. BNP Paribas Financial Markets grew its position in shares of Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after purchasing an additional 5,702 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of Entravision Communications in the first quarter worth about $30,000. StoneX Group Inc. bought a new stake in shares of Entravision Communications in the fourth quarter worth about $35,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Entravision Communications in the fourth quarter worth about $38,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

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.