Entravision Communications (NYSE:EVC) Sees Large Volume Increase – What’s Next?

Shares of Entravision Communications Corporation (NYSE:EVC) saw unusually-strong trading volume on Wednesday . Approximately 1,317,221 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 1,026,701 shares.The stock last traded at $8.3530 and had previously closed at $8.11.

Analyst Ratings Changes

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

Entravision Communications Stock Performance

The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $828.13 million, a P/E ratio of -41.02 and a beta of 1.36. The company has a fifty day moving average of $3.70 and a two-hundred day moving average of $3.19.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data 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 analyst estimates of $121.49 million. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.

Entravision Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. Entravision Communications’s dividend payout ratio is -90.91%.

Insider Activity at Entravision Communications

In other news, major shareholder Alexandra Seros sold 677,148 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $6.97, for a total transaction of $4,719,721.56. Following the completion of the transaction, the insider directly owned 556,263 shares of the company’s stock, valued at approximately $3,877,153.11. This represents a 54.90% 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 the SEC website. Insiders sold 1,500,000 shares of company stock worth $10,678,636 over the last three months. 8.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entravision Communications

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Entravision Communications during the third quarter valued at approximately $27,000. AQR Capital Management LLC bought a new position in shares of Entravision Communications during the first quarter valued at approximately $28,000. BNP Paribas Financial Markets grew its holdings in shares of Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after purchasing an additional 5,702 shares during the last quarter. IMC Chicago LLC bought a new position in shares of Entravision Communications during the first quarter valued at approximately $30,000. Finally, StoneX Group Inc. bought a new position in shares of Entravision Communications during the fourth quarter valued at approximately $35,000. 69.46% of the stock is 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.