Entravision Communications (NYSE:EVC) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Entravision Communications Corporation (NYSE:EVC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.67 and traded as high as $7.86. Entravision Communications shares last traded at $7.8250, with a volume of 1,332,438 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Entravision Communications in a research note on Monday, August 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Entravision Communications Stock Up 0.7%

The business has a 50-day moving average of $9.52 and a 200 day moving average of $7.67. The company has a market capitalization of $722.17 million, a PE ratio of 783.28 and a beta of 1.67. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.48 and a quick ratio of 1.48.

Entravision Communications (NYSE:EVC) last released its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $227.90 million for the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a return on equity of 6.98% and a net margin of 0.62%.

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, September 16th. Entravision Communications’s payout ratio is currently 2,000.00%.

Insider Transactions at Entravision Communications

In related news, Director Paul Zevnik sold 35,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $8.40, for a total transaction of $294,000.00. Following the sale, the director owned 36,100 shares of the company’s stock, valued at $303,240. This represents a 49.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.12% of the stock is currently owned by insiders.

Institutional Trading of Entravision Communications

A number of large investors have recently made changes to their positions in EVC. Ratan Capital Management LP bought a new position in shares of Entravision Communications in the 2nd quarter valued at about $6,819,000. Empowered Funds LLC increased its stake in Entravision Communications by 24.8% during the first quarter. Empowered Funds LLC now owns 568,569 shares of the company’s stock worth $1,689,000 after acquiring an additional 113,013 shares during the last quarter. Gabelli Funds LLC increased its stake in Entravision Communications by 15.5% during the fourth quarter. Gabelli Funds LLC now owns 223,000 shares of the company’s stock worth $653,000 after acquiring an additional 30,000 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new stake in Entravision Communications during the first quarter valued at approximately $46,000. Finally, 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 during the period. 69.46% of the stock is currently owned by institutional investors.

About Entravision Communications

Entravision Communications Corporation is a global advertising technology and media company headquartered in Santa Monica, California. The company provides digital advertising solutions, including programmatic mobile advertising through its Smadex platform, as well as services that help brands reach audiences across mobile, video, connected television, social media, audio and other digital channels.

Entravision also operates a Spanish-language media business in the United States, including television and radio assets serving Hispanic audiences.