Paul Zevnik Sells 324,686 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) Director Paul Zevnik sold 324,686 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.67, for a total transaction of $3,139,713.62. Following the transaction, the director owned 2,107,582 shares in the company, valued at approximately $20,380,317.94. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Entravision Communications Stock Performance

NYSE:EVC opened at $9.13 on Wednesday. The firm’s 50-day moving average is $6.69 and its 200-day moving average is $4.33. Entravision Communications Corporation has a 52-week low of $1.95 and a 52-week 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. The company has a market cap of $839.50 million, a price-to-earnings ratio of -41.50 and a beta of 1.81.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 company had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. Entravision Communications’s payout ratio is presently -90.91%.

Hedge Funds Weigh In On Entravision Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC bought a new position in shares of Entravision Communications in the first quarter worth about $30,000. StoneX Group Inc. bought a new position in shares of Entravision Communications in the fourth quarter worth about $35,000. BNP Paribas Financial Markets raised 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 acquiring an additional 5,702 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of Entravision Communications in the fourth quarter worth about $38,000. Finally, AQR Capital Management LLC bought a new position in shares of Entravision Communications in the first quarter worth about $28,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on EVC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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.