Entravision Communications (NYSE:EVC) Sees Strong Trading Volume – Still a Buy?

Shares of Entravision Communications Corporation (NYSE:EVC) saw strong trading volume on Wednesday . 1,317,221 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 1,026,701 shares.The stock last traded at $8.3530 and had previously closed at $8.11.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Entravision Communications presently has a consensus rating of “Sell”.

Entravision Communications Stock Performance

The company has a market cap of $811.82 million, a P/E ratio of -40.13 and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The stock has a 50 day moving average price of $3.94 and a two-hundred day moving average price of $3.28.

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

Entravision Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. Entravision Communications’s dividend payout ratio (DPR) is -90.91%.

Insider Transactions at Entravision Communications

In related news, major shareholder Alexandra Seros sold 685,111 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $8.71, for a total transaction of $5,967,316.81. Following the completion of the transaction, the insider directly owned 8,974,750 shares of the company’s stock, valued at $78,170,072.50. This trade represents a 7.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 2,684,369 shares of company stock worth $21,042,055. 8.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Entravision Communications by 86.4% in the 3rd 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 in the last quarter. Rhumbline Advisers raised its position in shares of Entravision Communications by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock worth $212,000 after acquiring an additional 6,063 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Entravision Communications by 35.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after acquiring an additional 6,991 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Entravision Communications by 78.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock worth $40,000 after acquiring an additional 7,642 shares in the last quarter. Finally, R Squared Ltd increased its position in Entravision Communications by 40.6% in the 3rd quarter. R Squared Ltd now owns 26,963 shares of the company’s stock valued at $63,000 after buying an additional 7,784 shares in the last quarter. 69.46% of the stock is owned by institutional investors.

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.