Key Points
- COO Liberman Jeffery sold 85,108 shares on December 10 at an average price of $3.29 for about $280,005, trimming his stake by 40.25% to 126,316 shares.
- Entravision reported Q results with EPS of -$0.11 and revenue of $120.63 million, posting a negative net margin (27.92%) and ROE (-66.12%); the stock trades around $3.25 with a market cap near $295 million and carries a consensus "Sell" rating (Weiss: sell).
- The company announced a quarterly dividend of $0.05 (annualized $0.20), implying a 6.2% yield, with an ex-dividend date of December 16 and payment on December 31.
Entravision Communications Corporation (NYSE:EVC - Get Free Report) COO Liberman Jeffery sold 27,492 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $3.00, for a total value of $82,476.00. Following the sale, the chief operating officer owned 250,865 shares of the company's stock, valued at $752,595. This represents a 9.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Entravision Communications Price Performance
NYSE EVC traded down $0.02 during trading hours on Thursday, reaching $3.23. The company's stock had a trading volume of 41,270 shares, compared to its average volume of 328,990. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.95. Entravision Communications Corporation has a 1 year low of $1.58 and a 1 year high of $3.43. The firm's 50-day moving average price is $2.48 and its 200-day moving average price is $2.40. The company has a market capitalization of $293.41 million, a price-to-earnings ratio of -2.48 and a beta of 1.25.
Entravision Communications (NYSE:EVC - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $120.63 million for the quarter. Entravision Communications had a negative net margin of 27.92% and a negative return on equity of 66.12%.
Entravision Communications Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, December 16th. Entravision Communications's dividend payout ratio is currently -15.38%.
Institutional Trading of Entravision Communications
A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in Entravision Communications by 10.7% during the 2nd quarter. American Century Companies Inc. now owns 10,202,560 shares of the company's stock valued at $23,670,000 after buying an additional 984,510 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Entravision Communications by 265.0% in 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. Nuveen LLC purchased a new position in Entravision Communications during the 1st quarter worth $366,000. Qube Research & Technologies Ltd raised its position in Entravision Communications by 344.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 96,957 shares of the company's stock valued at $226,000 after purchasing an additional 75,143 shares in the last quarter. Finally, Corsair Capital Management L.P. lifted its holdings in shares of Entravision Communications by 285.4% in the 2nd quarter. Corsair Capital Management L.P. now owns 100,985 shares of the company's stock worth $234,000 after buying an additional 74,785 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Entravision Communications in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Entravision Communications presently has a consensus rating of "Sell".
Read Our Latest Research Report on Entravision Communications
Entravision Communications Company Profile
(
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.
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