Entravision Communications (NYSE:EVC) Hits New 52-Week High – Here’s What Happened

Entravision Communications Corporation (NYSE:EVC)’s stock price hit a new 52-week high on Monday . The company traded as high as $13.74 and last traded at $13.3140, with a volume of 661349 shares trading hands. The stock had previously closed at $13.05.

Analyst Ratings Changes

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

Entravision Communications Stock Performance

The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -59.84 and a beta of 1.69. The stock has a 50-day moving average price of $8.82 and a 200 day moving average price of $5.12.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data 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 return on equity of 25.31% and a negative net margin of 3.41%.The business had revenue of $196.97 million during the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 16th. Entravision Communications’s dividend payout ratio is currently -90.91%.

Insider Transactions at Entravision Communications

In related news, Director Paul A. Zevnik sold 324,686 shares of Entravision Communications stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.67, for a total value of $3,139,713.62. Following the sale, the director owned 2,107,582 shares of the company’s stock, valued at approximately $20,380,317.94. This trade represents a 13.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alexandra Seros sold 685,111 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $8.71, for a total value of $5,967,316.81. Following the completion of the sale, the insider owned 8,974,750 shares in the company, valued at $78,170,072.50. The trade was a 7.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 4,821,690 shares of company stock valued at $39,075,784. 8.54% of the stock is owned by corporate insiders.

Institutional Trading of Entravision Communications

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Entravision Communications by 1.1% in the third quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock worth $7,773,000 after purchasing an additional 36,503 shares in the last quarter. State Street Corp grew its position in Entravision Communications by 0.7% in the fourth quarter. State Street Corp now owns 1,413,637 shares of the company’s stock valued at $4,142,000 after purchasing an additional 9,597 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Entravision Communications by 3.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock valued at $2,327,000 after buying an additional 35,391 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Entravision Communications by 59.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock valued at $2,272,000 after buying an additional 289,451 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Entravision Communications by 2.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,000 shares of the company’s stock worth $1,761,000 after buying an additional 13,226 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

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.