Alexandra Seros Sells 323,939 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 323,939 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $8.03, for a total value of $2,601,230.17. Following the completion of the sale, the insider directly owned 9,820,143 shares of the company’s stock, valued at approximately $78,855,748.29. The trade was a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Alexandra Seros also recently made the following trade(s):

• On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The shares were 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 shares were sold at an average price of $6.97, for a total transaction of $4,719,721.56.

Entravision Communications Trading Down 8.4%

Shares of NYSE:EVC opened at $8.12 on Wednesday. Entravision Communications Corporation has a 52-week low of $1.81 and a 52-week high of $8.97. The company has a market capitalization of $746.81 million, a P/E ratio of -36.91 and a beta of 1.36. The company has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $3.19. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40.

Entravision Communications (NYSE:EVC) last issued its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a yield of 2.5%. Entravision Communications’s dividend payout ratio (DPR) is currently -90.91%.

Institutional Investors Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently modified their holdings of EVC. Segall Bryant & Hamill LLC lifted its holdings in shares of 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Entravision Communications during the fourth quarter worth $521,000. Walleye Capital LLC acquired a new stake in shares of Entravision Communications during the fourth quarter worth $311,000. Finally, Corsair Capital Management L.P. lifted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.