Key Points
- Entravision COO Liberman sold 20,546 shares on Dec. 1 at an average of $2.81 for about $57,734, trimming his direct stake by 5.68% to 341,188 shares.
- Shares trade around $2.82 with a market cap of ~$256 million, and the company reported negative earnings (EPS -$0.11), a negative net margin (-30.16%) and negative ROE (-51.15%).
- Entravision declared a quarterly dividend of $0.05 (annualized yield ~7.1%, ex-dividend Dec. 16), while institutional investors own ~69.5% of the stock and analysts give a consensus Sell rating.
Entravision Communications Corporation (NYSE:EVC - Get Free Report) COO Liberman Jeffery sold 12,151 shares of the firm's stock in a transaction on Friday, November 28th. The stock was sold at an average price of $2.76, for a total value of $33,536.76. Following the completion of the sale, the chief operating officer directly owned 361,734 shares of the company's stock, valued at approximately $998,385.84. This trade represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Entravision Communications Stock Up 1.4%
NYSE:EVC opened at $2.82 on Tuesday. The business's fifty day moving average price is $2.40 and its 200 day moving average price is $2.36. The firm has a market capitalization of $256.46 million, a price-to-earnings ratio of -2.14 and a beta of 1.63. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.91. Entravision Communications Corporation has a 1-year low of $1.58 and a 1-year high of $3.15.
Entravision Communications (NYSE:EVC - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.The business had revenue of $120.63 million for the quarter.
Entravision Communications Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Tuesday, December 16th. Entravision Communications's dividend payout ratio (DPR) is currently -15.38%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Entravision Communications in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of "Sell".
View Our Latest Analysis on EVC
Hedge Funds Weigh In On Entravision Communications
A number of hedge funds have recently added to or reduced their stakes in EVC. Nuveen LLC acquired a new stake in Entravision Communications in the first quarter valued at approximately $366,000. MetLife Investment Management LLC raised its holdings in shares of Entravision Communications by 35.7% during the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company's stock valued at $56,000 after purchasing an additional 6,991 shares in the last quarter. Corsair Capital Management L.P. bought a new position in shares of Entravision Communications during the 1st quarter valued at $55,000. AQR Capital Management LLC acquired a new stake in shares of Entravision Communications in the 1st quarter valued at $28,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Entravision Communications by 14.0% in the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company's stock worth $1,251,000 after purchasing an additional 73,103 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.
About Entravision Communications
(
Get Free Report)
Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.
Further Reading
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