Alexandra Seros Sells 160,282 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 160,282 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $8.33, for a total transaction of $1,335,149.06. Following the sale, the insider directly owned 9,659,861 shares in the company, valued at approximately $80,466,642.13. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 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 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 transaction 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 transaction of $4,719,721.56.

Entravision Communications Trading Down 11.8%

NYSE EVC opened at $7.80 on Friday. Entravision Communications Corporation has a 1-year low of $1.81 and a 1-year high of $9.40. 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 company has a market capitalization of $717.10 million, a PE ratio of -35.45 and a beta of 1.36. The firm’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $3.31.

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, topping analysts’ consensus estimates of $0.10 by $0.03. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%. The business had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid 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 dividend yield of 2.6%. Entravision Communications’s dividend payout ratio is -90.91%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Entravision Communications

Several hedge funds have recently bought and sold shares of EVC. Segall Bryant & Hamill LLC increased 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 worth $1,333,000 after buying an additional 415,348 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Entravision Communications by 59.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock worth $2,272,000 after buying an additional 289,451 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Entravision Communications during the fourth quarter worth $521,000. Walleye Capital LLC acquired a new position in Entravision Communications during the fourth quarter worth $311,000. Finally, Corsair Capital Management L.P. increased its position in Entravision Communications by 68.5% during the fourth quarter. Corsair Capital Management L.P. now owns 221,504 shares of the company’s stock worth $649,000 after buying an additional 90,023 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

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.