Entravision Communications (NYSE:EVC) COO Liberman Jeffery Sells 85,108 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) COO Liberman Jeffery sold 85,108 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $3.29, for a total transaction of $280,005.32. Following the completion of the sale, the chief operating officer directly owned 126,316 shares of the company’s stock, valued at $415,579.64. This trade represents a 40.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Entravision Communications Stock Performance

Entravision Communications stock opened at $3.25 on Thursday. The firm has a fifty day simple moving average of $2.48 and a two-hundred day simple moving average of $2.40. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.95. Entravision Communications Corporation has a twelve month low of $1.58 and a twelve month high of $3.44. The company has a market capitalization of $295.23 million, a PE ratio of -2.50 and a beta of 1.25.

Entravision Communications (NYSE:EVC) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter. The company had revenue of $120.63 million during the quarter. Entravision Communications had a negative return on equity of 66.12% and a negative net margin of 27.92%.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 6.2%. Entravision Communications’s dividend payout ratio (DPR) is currently -15.38%.

Hedge Funds Weigh In On Entravision Communications

A number of hedge funds have recently added to or reduced their stakes in EVC. SG Americas Securities LLC bought a new stake in shares of Entravision Communications in the third quarter worth $27,000. AQR Capital Management LLC bought a new position in shares of Entravision Communications in the first quarter worth approximately $28,000. BNP Paribas Financial Markets increased its stake in shares of Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after purchasing an additional 5,702 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Entravision Communications during the 2nd quarter valued at $30,000. Finally, Byrne Asset Management LLC purchased a new position in shares of Entravision Communications during the 3rd quarter valued at $33,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Entravision Communications in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.