Key Points
- Major shareholder Alexandra Seros sold 323,939 shares of Entravision Communications at an average price of $8.03, totaling about $2.6 million. After the sale, she still held 9.82 million shares, a 3.19% reduction in her position.
- Seros also sold large blocks earlier in the week, including 498,913 shares on May 8 and 677,148 shares on May 7, signaling continued insider selling.
- Entravision recently reported better-than-expected quarterly results, with EPS of $0.13 versus the $0.10 consensus and revenue of $196.97 million well above estimates. The company also announced a quarterly dividend of $0.05 per share, while Wall Street Zen upgraded the stock from hold to buy.
Entravision Communications Corporation (NYSE:EVC - Get Free Report) major shareholder Alexandra Seros sold 323,939 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $8.03, for a total transaction of $2,601,230.17. Following the completion of the sale, the insider owned 9,820,143 shares of the company's stock, valued at approximately $78,855,748.29. This represents a 3.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Alexandra Seros also recently made the following trade(s):
- On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The shares were sold at an average price of $6.73, for a total transaction 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 transaction of $4,719,721.56.
Entravision Communications Stock Performance
Shares of EVC stock opened at $8.83 on Tuesday. Entravision Communications Corporation has a one year low of $1.81 and a one year high of $8.87. The firm has a 50-day moving average of $3.60 and a 200-day moving average of $3.14. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $811.55 million, a P/E ratio of -40.11 and a beta of 1.36.
Entravision Communications (NYSE:EVC - Get Free Report) last posted its 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. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%. The firm had revenue of $196.97 million for the quarter, compared to analysts' expectations of $121.49 million.
Entravision Communications Dividend Announcement
The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. Entravision Communications's dividend payout ratio (DPR) is currently -90.91%.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Entravision Communications from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".
Check Out Our Latest Stock Analysis on EVC
Hedge Funds Weigh In On Entravision Communications
Several hedge funds have recently modified their holdings of EVC. IMC Chicago LLC bought a new stake in shares of Entravision Communications in the 1st quarter worth approximately $30,000. 3Chopt Investment Partners LLC bought a new stake in shares of Entravision Communications in the 1st quarter worth approximately $46,000. Hsbc Holdings PLC raised its holdings in shares of Entravision Communications by 24.0% in the 4th quarter. Hsbc Holdings PLC now owns 78,950 shares of the company's stock worth $231,000 after purchasing an additional 15,299 shares during the period. XTX Topco Ltd raised its holdings in shares of Entravision Communications by 78.0% in the 4th quarter. XTX Topco Ltd now owns 18,526 shares of the company's stock worth $54,000 after purchasing an additional 8,120 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Entravision Communications in the 4th quarter worth approximately $128,000. Institutional investors own 69.46% of the company's stock.
Entravision Communications Company Profile
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Get Free Report)
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.
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