Entravision Communications (NYSE:EVC) Shares Gap Up – Still a Buy?

Entravision Communications Corporation (NYSE:EVC) gapped up before the market opened on Monday . The stock had previously closed at $8.07, but opened at $8.45. Entravision Communications shares last traded at $8.11, with a volume of 46,029 shares.

Analyst Ratings Changes

Several brokerages have commented on EVC. 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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Entravision Communications Stock Performance

The stock has a fifty day simple moving average of $10.77 and a 200-day simple moving average of $7.04. The stock has a market cap of $752.62 million, a P/E ratio of 816.32 and a beta of 1.72. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.48.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The company had revenue of $227.90 million for the quarter, compared to analyst estimates of $121.49 million. Entravision Communications had a return on equity of 6.98% and a net margin of 0.62%.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 16th. Entravision Communications’s dividend payout ratio (DPR) is currently 2,000.00%.

Insider Buying and Selling

In other Entravision Communications news, Director Paul A. Zevnik sold 324,686 shares of the business’s 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 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 legal filing with the SEC, which is accessible through this link. Insiders own 9.12% of the company’s stock.

Institutional Trading of Entravision Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in shares of Entravision Communications in the first quarter worth $28,000. BNP Paribas Financial Markets grew its position in Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after purchasing an additional 5,702 shares in the last quarter. IMC Chicago LLC bought a new position in Entravision Communications in the first quarter valued at $30,000. StoneX Group Inc. acquired a new stake in Entravision Communications in the 4th quarter valued at $35,000. Finally, Vise Technologies Inc. acquired a new stake in Entravision Communications in the 4th quarter valued at $38,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.