Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 338,976 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 338,976 shares of Entravision Communications stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $9.03, for a total transaction of $3,060,953.28. Following the transaction, the insider owned 8,635,774 shares in the company, valued at approximately $77,981,039.22. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The shares were sold at an average price of $8.71, for a total value of $5,967,316.81.
• On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The stock was sold at an average price of $8.33, for a total value of $1,335,149.06.
• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The shares were sold at an average price of $8.03, for a total value of $2,601,230.17.
• 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 value 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 value of $4,719,721.56.

Entravision Communications Stock Down 1.0%

NYSE EVC traded down $0.09 during trading on Thursday, reaching $8.83. 3,818,441 shares of the company’s stock were exchanged, compared to its average volume of 1,145,868. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications Corporation has a fifty-two week low of $1.81 and a fifty-two week high of $9.40. The company’s fifty day simple moving average is $3.82 and its 200-day simple moving average is $3.23. The firm has a market capitalization of $811.82 million, a PE ratio of -40.13 and a beta of 1.36.

Entravision Communications (NYSE:EVC) last issued its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.

Entravision Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.05 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.3%. Entravision Communications’s dividend payout ratio is presently -90.91%.

Hedge Funds Weigh In On Entravision Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC acquired a new stake in Entravision Communications in the first quarter valued at approximately $30,000. 3Chopt Investment Partners LLC acquired a new position in shares of Entravision Communications during the 1st quarter worth $46,000. Hsbc Holdings PLC increased its stake in shares of Entravision Communications by 24.0% during the 4th quarter. Hsbc Holdings PLC now owns 78,950 shares of the company’s stock worth $231,000 after purchasing an additional 15,299 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Entravision Communications by 78.0% during the 4th quarter. XTX Topco Ltd now owns 18,526 shares of the company’s stock valued at $54,000 after purchasing an additional 8,120 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Entravision Communications in the 4th quarter valued at $128,000. Institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.