Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 685,111 Shares

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 685,111 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $8.71, for a total transaction of $5,967,316.81. Following the completion of the transaction, the insider owned 8,974,750 shares of the company’s stock, valued at approximately $78,170,072.50. The trade was a 7.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares 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 stock was sold at an average price of $9.03, for a total transaction of $3,060,953.28.
• On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The shares were sold at an average price of $8.33, for a total transaction of $1,335,149.06.
• 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 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 Performance

Shares of NYSE EVC traded down $0.09 during trading hours on Thursday, reaching $8.83. The stock had a trading volume of 3,818,441 shares, compared to its average volume of 1,145,868. The firm has a 50-day moving average of $3.82 and a 200-day moving average of $3.23. The firm has a market cap of $811.82 million, a price-to-earnings ratio of -40.13 and a beta of 1.36. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications Corporation has a fifty-two week low of $1.81 and a fifty-two week high of $9.40.

Entravision Communications (NYSE:EVC) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $196.97 million for 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 firm 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -90.91%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted 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 worth $29,000 after purchasing an additional 5,702 shares during the period. Rhumbline Advisers increased its stake in Entravision Communications by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock valued at $212,000 after buying an additional 6,063 shares during the period. MetLife Investment Management LLC increased its stake in Entravision Communications by 35.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after buying an additional 6,991 shares during the period. Tower Research Capital LLC TRC raised its position in Entravision Communications by 78.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock worth $40,000 after buying an additional 7,642 shares during the last quarter. Finally, R Squared Ltd lifted its stake in shares of Entravision Communications by 40.6% in the 3rd quarter. R Squared Ltd now owns 26,963 shares of the company’s stock worth $63,000 after acquiring an additional 7,784 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.

Analyst Upgrades and Downgrades

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