Insider Selling: Entravision Communications (NYSE:EVC) Major Shareholder Sells $68,124.35 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 23,093 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $2.95, for a total value of $68,124.35. Following the completion of the sale, the insider owned 11,070,173 shares of the company’s stock, valued at $32,657,010.35. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, November 7th, Alexandra Seros sold 69,090 shares of Entravision Communications stock. The stock was sold at an average price of $2.86, for a total value of $197,597.40.
• On Thursday, November 6th, Alexandra Seros sold 157,817 shares of Entravision Communications stock. The shares were sold at an average price of $2.75, for a total transaction of $433,996.75.
• On Thursday, September 11th, Alexandra Seros sold 41,078 shares of Entravision Communications stock. The shares were sold at an average price of $2.31, for a total transaction of $94,890.18.
• On Wednesday, September 10th, Alexandra Seros sold 58,525 shares of Entravision Communications stock. The stock was 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 shares were sold at an average price of $2.47, for a total value 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 value 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 value of $51,058.24.
• On Tuesday, September 2nd, Alexandra Seros sold 18,978 shares of Entravision Communications stock. The stock was sold at an average price of $2.52, for a total transaction of $47,824.56.

Entravision Communications Stock Down 2.5%

Shares of EVC opened at $2.93 on Thursday. The firm has a 50 day simple moving average of $2.32 and a two-hundred day simple moving average of $2.28. The company has a market cap of $266.92 million, a P/E ratio of -2.22 and a beta of 1.63. Entravision Communications Corporation has a one year low of $1.58 and a one year high of $3.15. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.48 and a quick ratio of 2.48.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $120.63 million for 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 6.8%. Entravision Communications’s dividend payout ratio is -15.38%.

Hedge Funds Weigh In On Entravision Communications

Large investors have recently modified their holdings of the business. Gabelli Funds LLC lifted its holdings in shares of Entravision Communications by 17.0% during the third quarter. Gabelli Funds LLC now owns 193,000 shares of the company’s stock worth $450,000 after purchasing an additional 28,000 shares during the period. Teton Advisors LLC bought a new position in Entravision Communications during the 3rd quarter worth $112,000. Segall Bryant & Hamill LLC lifted its holdings in Entravision Communications by 265.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock worth $1,333,000 after buying an additional 415,348 shares during the period. R Squared Ltd lifted its holdings in Entravision Communications by 40.6% during the 3rd quarter. R Squared Ltd now owns 26,963 shares of the company’s stock worth $63,000 after buying an additional 7,784 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Entravision Communications by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock valued at $7,773,000 after buying an additional 36,503 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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.