Entravision Communications (NYSE:EVC) Reaches New 1-Year High – What’s Next?

Entravision Communications Corporation (NYSE:EVC) shares reached a new 52-week high on Tuesday . The company traded as high as $8.87 and last traded at $8.8250, with a volume of 7130728 shares changing hands. The stock had previously closed at $7.16.

Analysts Set New Price Targets

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

Entravision Communications Trading Up 23.3%

The firm has a market cap of $811.55 million, a P/E ratio of -40.11 and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The firm’s 50-day simple moving average is $3.60 and its 200 day simple moving average is $3.14.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $196.97 million for the quarter, compared to analyst estimates 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a yield of 2.3%. Entravision Communications’s payout ratio is currently -90.91%.

Insider Buying and Selling

In other Entravision Communications news, major shareholder Alexandra Seros sold 323,939 shares of Entravision Communications stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $8.03, for a total value of $2,601,230.17. Following the sale, the insider owned 9,820,143 shares of the company’s stock, valued at approximately $78,855,748.29. The trade was a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,500,000 shares of company stock valued at $10,678,636 over the last 90 days. Insiders own 8.54% of the company’s stock.

Institutional Trading of Entravision Communications

Hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in Entravision Communications in the first quarter worth about $30,000. SG Americas Securities LLC bought a new stake in Entravision Communications in the third quarter worth about $27,000. StoneX Group Inc. bought a new stake in Entravision Communications in the fourth quarter worth about $35,000. BNP Paribas Financial Markets raised its position in 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 during the period. Finally, Vise Technologies Inc. purchased a new position in shares of Entravision Communications in the fourth quarter worth about $38,000. Institutional investors own 69.46% of the company’s stock.

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.