Entravision Communications (NYSE:EVC) Stock Passes Above 200-Day Moving Average – Here’s Why

Entravision Communications Corporation (NYSE:EVC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.72 and traded as high as $3.12. Entravision Communications shares last traded at $3.02, with a volume of 326,613 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Entravision Communications in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Entravision Communications has a consensus rating of “Sell”.

Entravision Communications Stock Performance

The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $315.70 million, a PE ratio of -3.94 and a beta of 1.30. The business’s 50-day moving average is $3.07 and its 200 day moving average is $2.73.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.20) earnings per share (EPS) for the quarter. Entravision Communications had a negative net margin of 17.69% and a negative return on equity of 33.59%. The company had revenue of $134.38 million for the quarter.

Insider Buying and Selling

In other news, COO Liberman A. Jeffery sold 85,108 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $3.29, for a total transaction of $280,005.32. Following the completion of the sale, the chief operating officer owned 126,316 shares of the company’s stock, valued at approximately $415,579.64. This represents a 40.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 220,000 shares of company stock valued at $701,184. 8.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. MetLife Investment Management LLC boosted its position in Entravision Communications by 35.7% during the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after buying an additional 6,991 shares during the period. AQR Capital Management LLC bought a new position in shares of Entravision Communications during the first quarter valued at about $28,000. Goldman Sachs Group Inc. boosted its holdings in shares of Entravision Communications by 14.0% during the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock worth $1,251,000 after purchasing an additional 73,103 shares during the period. Empowered Funds LLC boosted its holdings in shares of Entravision Communications by 7.4% during the first quarter. Empowered Funds LLC now owns 470,465 shares of the company’s stock worth $988,000 after purchasing an additional 32,321 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Entravision Communications by 146.2% in the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock worth $80,000 after purchasing an additional 22,606 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

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.