Entravision Communications (NYSE:EVC) Director Sells $294,000.00 in Stock

Entravision Communications Corporation (NYSE:EVC) Director Paul Zevnik sold 35,000 shares of Entravision Communications stock in a transaction on Friday, September 4th. The stock was sold at an average price of $8.40, for a total transaction of $294,000.00. Following the completion of the transaction, the director directly owned 36,100 shares in the company, valued at approximately $303,240. The trade was a 49.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Entravision Communications Trading Up 0.2%

Shares of EVC opened at $8.44 on Monday. The stock has a market capitalization of $778.93 million, a P/E ratio of 844.84 and a beta of 1.67. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.64. The firm has a fifty day simple moving average of $10.39 and a two-hundred day simple moving average of $7.34. Entravision Communications Corporation has a twelve month low of $1.95 and a twelve month high of $13.74.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings results 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. Entravision Communications had a net margin of 0.62% and a return on equity of 6.98%. The business had revenue of $227.90 million for the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. Entravision Communications’s dividend payout ratio (DPR) is presently 2,000.00%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Entravision Communications in a research report on Monday, August 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Entravision Communications presently has a consensus rating of “Sell”.

Institutional Trading of Entravision Communications

Several large investors have recently bought and sold shares of EVC. AQR Capital Management LLC purchased a new position in shares of Entravision Communications in the 1st quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted 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 purchased a new stake in Entravision Communications in the first quarter worth $30,000. StoneX Group Inc. bought a new position in Entravision Communications in the fourth quarter worth $35,000. Finally, Vise Technologies Inc. bought a new position in Entravision Communications in the fourth quarter worth $38,000. 69.46% of the stock is owned by institutional investors.

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.