Entravision Communications (NYSE:EVC) Major Shareholder Sells $2,963,912.00 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 378,050 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $7.84, for a total transaction of $2,963,912.00. Following the completion of the sale, the insider directly owned 7,251,130 shares of the company’s stock, valued at $56,848,859.20. The trade was a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 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 21st, Alexandra Seros sold 427,991 shares of Entravision Communications stock. The stock was sold at an average price of $9.17, for a total transaction of $3,924,677.47.
• On Tuesday, May 19th, Alexandra Seros sold 278,163 shares of Entravision Communications stock. The stock was sold at an average price of $7.80, for a total transaction of $2,169,671.40.
• On Monday, May 18th, Alexandra Seros sold 468,583 shares of Entravision Communications stock. The stock was sold at an average price of $7.99, for a total transaction of $3,743,978.17.
• On Friday, May 15th, Alexandra Seros sold 259,848 shares of Entravision Communications stock. The stock was sold at an average price of $8.05, for a total transaction of $2,091,776.40.
• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The stock was 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 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 transaction of $1,335,149.06.
• 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 Price Performance

EVC opened at $9.70 on Friday. The company has a 50-day moving average of $4.59 and a 200-day moving average of $3.55. The company has a market capitalization of $892.20 million, a P/E ratio of -44.10 and a beta of 1.36. Entravision Communications Corporation has a 1-year low of $1.85 and a 1-year high of $10.12. 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 released its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $196.97 million during the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is currently -90.91%.

Institutional Investors Weigh In On Entravision Communications

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Entravision Communications during the 3rd quarter valued at about $27,000. AQR Capital Management LLC bought a new stake in shares of Entravision Communications during the 1st quarter valued at about $28,000. BNP Paribas Financial Markets grew its position in shares of Entravision Communications by 86.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares during the last quarter. IMC Chicago LLC bought a new stake in shares of Entravision Communications during the 1st quarter valued at about $30,000. Finally, StoneX Group Inc. bought a new stake in shares of Entravision Communications during the 4th quarter valued at about $35,000. Institutional investors own 69.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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