Entravision Communications (NYSE:EVC) Major Shareholder Sells $94,890.18 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 41,078 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $2.31, for a total value of $94,890.18. Following the completion of the transaction, the insider directly owned 11,320,143 shares in the company, valued at approximately $26,149,530.33. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, September 10th, Alexandra Seros sold 58,525 shares of Entravision Communications stock. The shares were sold at an average price of $2.38, for a total transaction of $139,289.50.
• On Tuesday, September 9th, Alexandra Seros sold 24,359 shares of Entravision Communications stock. The shares were sold at an average price of $2.48, for a total transaction of $60,410.32.
• On Monday, September 8th, Alexandra Seros sold 32,911 shares of Entravision Communications stock. The stock was sold at an average price of $2.48, for a total transaction of $81,619.28.
• On Friday, September 5th, Alexandra Seros sold 22,157 shares of Entravision Communications stock. The stock was sold at an average price of $2.47, for a total transaction of $54,727.79.
• On Thursday, September 4th, Alexandra Seros sold 18,902 shares of Entravision Communications stock. The shares were sold at an average price of $2.47, for a total transaction of $46,687.94.
• On Wednesday, September 3rd, Alexandra Seros sold 20,588 shares of Entravision Communications stock. The stock was sold at an average price of $2.48, for a total transaction of $51,058.24.
• On Tuesday, September 2nd, Alexandra Seros sold 18,978 shares of Entravision Communications stock. The shares were sold at an average price of $2.52, for a total value of $47,824.56.
• On Friday, August 29th, Alexandra Seros sold 12,502 shares of Entravision Communications stock. The shares were sold at an average price of $2.58, for a total value of $32,255.16.
• On Thursday, August 28th, Alexandra Seros sold 31,660 shares of Entravision Communications stock. The stock was sold at an average price of $2.55, for a total value of $80,733.00.
• On Wednesday, August 27th, Alexandra Seros sold 53,046 shares of Entravision Communications stock. The stock was sold at an average price of $2.53, for a total value of $134,206.38.

Entravision Communications Trading Up 4.4%

NYSE EVC opened at $2.48 on Friday. The company has a market cap of $225.18 million, a price-to-earnings ratio of -1.87 and a beta of 1.56. Entravision Communications Corporation has a 52 week low of $1.58 and a 52 week high of $2.73. The business has a 50 day moving average price of $2.44 and a 200-day moving average price of $2.18. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.91.

Entravision Communications (NYSE:EVC) last issued its earnings results on Tuesday, August 5th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $100.74 million during the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.

Entravision Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 8.1%. Entravision Communications’s payout ratio is presently -15.15%.

Hedge Funds Weigh In On Entravision Communications

Several large investors have recently added to or reduced their stakes in EVC. AQR Capital Management LLC acquired a new position in Entravision Communications during the 1st quarter valued at about $28,000. The Manufacturers Life Insurance Company purchased a new position in shares of Entravision Communications during the fourth quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new stake in Entravision Communications during the second quarter worth $30,000. Kingsview Wealth Management LLC purchased a new stake in Entravision Communications in the 1st quarter valued at $31,000. Finally, Occudo Quantitative Strategies LP bought a new position in Entravision Communications during the 2nd quarter valued at $38,000. Institutional investors own 69.46% of the company’s stock.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.