Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 160,282 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 160,282 shares of Entravision Communications stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $8.33, for a total transaction of $1,335,149.06. Following the transaction, the insider owned 9,659,861 shares in the company, valued at approximately $80,466,642.13. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The shares were sold at an average price of $9.03, for a total value of $3,060,953.28.
• On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The shares were sold at an average price of $8.71, for a total value of $5,967,316.81.
• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The stock was sold at an average price of $8.03, for a total value of $2,601,230.17.
• On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The stock was sold at an average price of $6.73, for a total value of $3,357,684.49.
• 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 value of $4,719,721.56.

Entravision Communications Stock Down 1.0%

Shares of EVC traded down $0.09 during trading hours on Thursday, reaching $8.83. The company’s stock had a trading volume of 3,818,441 shares, compared to its average volume of 1,145,868. The company has a 50 day moving average of $3.82 and a two-hundred day moving average of $3.23. 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 has a market cap of $811.82 million, a price-to-earnings ratio of -40.13 and a beta of 1.36. Entravision Communications Corporation has a 1-year low of $1.81 and a 1-year high of $9.40.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%. The business had revenue of $196.97 million during the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Dividend Announcement

The business also recently declared 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. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s payout ratio is currently -90.91%.

Hedge Funds Weigh In On Entravision Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC acquired a new stake in Entravision Communications in the first quarter valued at approximately $30,000. SG Americas Securities LLC bought a new stake in Entravision Communications in the third quarter worth approximately $27,000. StoneX Group Inc. acquired a new position in shares of Entravision Communications during the 4th quarter worth $35,000. BNP Paribas Financial Markets raised its holdings in shares of Entravision Communications by 86.4% during the 3rd 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 in the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of Entravision Communications during the 4th quarter valued at $38,000. Institutional investors own 69.46% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Entravision Communications Company Profile

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.