Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 498,913 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 498,913 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $6.73, for a total transaction of $3,357,684.49. Following the completion of the transaction, the insider directly owned 389,848 shares in the company, valued at $2,623,677.04. This represents a 56.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The shares were sold at an average price of $8.03, for a total transaction of $2,601,230.17.
• On Thursday, May 7th, Alexandra Seros sold 677,148 shares of Entravision Communications stock. The shares were sold at an average price of $6.97, for a total transaction of $4,719,721.56.

Entravision Communications Trading Up 23.3%

EVC stock traded up $1.67 during mid-day trading on Monday, reaching $8.83. The company had a trading volume of 7,130,728 shares, compared to its average volume of 3,066,215. The company has a market capitalization of $811.55 million, a PE ratio of -40.11 and a beta of 1.36. The firm has a 50 day moving average of $3.60 and a 200 day moving average of $3.14. Entravision Communications Corporation has a 12 month low of $1.81 and a 12 month high of $8.87. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $196.97 million during the quarter, compared to the consensus estimate 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 Announces Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently modified their holdings of EVC. Vanguard Group Inc. increased its holdings in Entravision Communications by 1.1% during the third 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 period. State Street Corp boosted its position in Entravision Communications by 0.7% during the 4th quarter. State Street Corp now owns 1,413,637 shares of the company’s stock valued at $4,142,000 after acquiring an additional 9,597 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Entravision Communications by 3.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock valued at $2,327,000 after acquiring an additional 35,391 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Entravision Communications by 59.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock worth $2,272,000 after acquiring an additional 289,451 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Entravision Communications by 2.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 601,000 shares of the company’s stock worth $1,761,000 after acquiring an additional 13,226 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors.

About Entravision Communications

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.