Entravision Communications (NYSE:EVC) Major Shareholder Sells $127,597.28 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 46,064 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $2.77, for a total value of $127,597.28. Following the completion of the sale, the insider directly owned 10,921,011 shares of the company’s stock, valued at $30,251,200.47. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 Thursday, November 13th, Alexandra Seros sold 57,978 shares of Entravision Communications stock. The shares were sold at an average price of $2.86, for a total transaction of $165,817.08.
• On Wednesday, November 12th, Alexandra Seros sold 45,120 shares of Entravision Communications stock. The shares were sold at an average price of $2.93, for a total value of $132,201.60.
• On Monday, November 10th, Alexandra Seros sold 23,093 shares of Entravision Communications stock. The stock was sold at an average price of $2.95, for a total value of $68,124.35.
• On Friday, November 7th, Alexandra Seros sold 69,090 shares of Entravision Communications stock. The shares were sold at an average price of $2.86, for a total transaction of $197,597.40.
• On Thursday, November 6th, Alexandra Seros sold 157,817 shares of Entravision Communications stock. The stock was sold at an average price of $2.75, for a total value 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 shares were sold at an average price of $2.38, for a total value of $139,289.50.
• On Tuesday, September 9th, Alexandra Seros sold 24,359 shares of Entravision Communications stock. The stock was sold at an average price of $2.48, for a total value of $60,410.32.
• On Monday, September 8th, Alexandra Seros sold 32,911 shares of Entravision Communications stock. The shares were 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.

Entravision Communications Trading Down 0.2%

Shares of EVC stock opened at $2.86 on Monday. The business’s fifty day moving average price is $2.34 and its 200 day moving average price is $2.30. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.48 and a quick ratio of 2.48. The firm has a market capitalization of $259.74 million, a PE ratio of -2.16 and a beta of 1.63. Entravision Communications Corporation has a 1-year low of $1.58 and a 1-year high of $3.15.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.The firm had revenue of $120.63 million for the quarter.

Entravision Communications Announces Dividend

The business also recently disclosed 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. This represents a $0.20 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Tuesday, December 16th. Entravision Communications’s dividend payout ratio is presently -15.38%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Occudo Quantitative Strategies LP raised its stake in Entravision Communications by 49.6% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock valued at $57,000 after acquiring an additional 8,063 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Entravision Communications by 29.0% during the 3rd quarter. Two Sigma Investments LP now owns 214,577 shares of the company’s stock worth $500,000 after acquiring an additional 48,275 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Entravision Communications by 3.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock worth $2,327,000 after purchasing an additional 35,391 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Entravision Communications by 86.4% in the third 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. Finally, Russell Investments Group Ltd. raised its stake in Entravision Communications by 595.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 32,992 shares of the company’s stock valued at $77,000 after purchasing an additional 28,251 shares during the period. 69.46% of the stock is currently owned by institutional investors.

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.