Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 685,111 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 685,111 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Alexandra Seros also recently made the following trade(s):

• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The stock was sold at an average price of $9.03, for a total transaction of $3,060,953.28.
• On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The stock was sold at an average price of $8.33, for a total transaction of $1,335,149.06.
• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The stock was sold at an average price of $8.03, for a total transaction of $2,601,230.17.
• On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The stock was sold at an average price of $6.73, for a total transaction of $3,357,684.49.
• On Thursday, May 7th, Alexandra Seros sold 677,148 shares of Entravision Communications stock. The stock was sold at an average price of $6.97, for a total transaction of $4,719,721.56.

Entravision Communications Stock Down 1.0%

EVC stock opened at $8.83 on Friday. The stock has a market capitalization of $811.82 million, a P/E ratio of -40.13 and a beta of 1.36. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications Corporation has a 12 month low of $1.81 and a 12 month high of $9.40. The firm has a 50-day moving average price of $3.94 and a 200-day moving average price of $3.28.

Entravision Communications (NYSE:EVC) last posted its earnings results on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $196.97 million during the quarter, compared to analysts’ expectations of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

Entravision Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. Entravision Communications’s dividend payout ratio is -90.91%.

Wall Street Analyst Weigh In

Separately, 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, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Teton Advisors LLC raised its holdings in Entravision Communications by 23.1% in the 1st quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $238,000 after buying an additional 15,000 shares during the last quarter. Gabelli Funds LLC raised its holdings in Entravision Communications by 7.2% in the 1st quarter. Gabelli Funds LLC now owns 239,000 shares of the company’s stock valued at $710,000 after buying an additional 16,000 shares during the last quarter. IMC Chicago LLC bought a new position in Entravision Communications in the 1st quarter valued at approximately $30,000. 3Chopt Investment Partners LLC bought a new position in Entravision Communications in the 1st quarter valued at approximately $46,000. Finally, Hsbc Holdings PLC raised its holdings in Entravision Communications by 24.0% in the 4th quarter. Hsbc Holdings PLC now owns 78,950 shares of the company’s stock valued at $231,000 after buying an additional 15,299 shares during 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.