Key Points
- COO Liberman Jeffery sold 14,291 shares at an average price of $2.80 for a total of $40,014.80, reducing his stake by 4.68% to 291,233 shares (valued at about $815,452).
- The company reported a loss of $0.11 EPS last quarter with negative return on equity and net margin, yet announced a $0.05 quarterly dividend (a 7.1% yield) payable Dec. 31 with an ex-dividend date of Dec. 16.
- Entravision traded at $2.82 (up 0.9%) with a market cap of ~$256M, faces an average analyst rating of "Sell" (Weiss Ratings D-), and has roughly 69.46% institutional/hedge fund ownership.
Entravision Communications Corporation (NYSE:EVC - Get Free Report) COO Liberman Jeffery sold 14,291 shares of the business's stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $2.80, for a total transaction of $40,014.80. Following the completion of the transaction, the chief operating officer directly owned 291,233 shares of the company's stock, valued at approximately $815,452.40. This represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Entravision Communications Trading Up 0.9%
EVC traded up $0.03 during mid-day trading on Friday, reaching $2.82. The stock had a trading volume of 16,030 shares, compared to its average volume of 323,649. The firm's fifty day simple moving average is $2.42 and its two-hundred day simple moving average is $2.37. The stock has a market capitalization of $256.11 million, a P/E ratio of -2.16 and a beta of 1.25. Entravision Communications Corporation has a 52 week low of $1.58 and a 52 week high of $3.15. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.74 and a current ratio of 1.74.
Entravision Communications (NYSE:EVC - Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $120.63 million for the quarter. Entravision Communications had a negative return on equity of 66.12% and a negative net margin of 27.92%.
Entravision Communications Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, December 16th. Entravision Communications's dividend payout ratio (DPR) is -15.38%.
Hedge Funds Weigh In On Entravision Communications
Several hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Entravision Communications by 10.7% during the second quarter. American Century Companies Inc. now owns 10,202,560 shares of the company's stock worth $23,670,000 after buying an additional 984,510 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Entravision Communications by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company's stock valued at $7,773,000 after acquiring an additional 36,503 shares during the period. Bridgeway Capital Management LLC boosted its stake in Entravision Communications by 3.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company's stock worth $2,327,000 after acquiring an additional 35,391 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Entravision Communications by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company's stock worth $1,251,000 after acquiring an additional 73,103 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in Entravision Communications by 265.0% during the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company's stock valued at $1,333,000 after purchasing an additional 415,348 shares during the period. Institutional investors and hedge funds own 69.46% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Entravision Communications in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".
View Our Latest Report on Entravision Communications
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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