Key Points
- Major shareholder Alexandra Seros sold 685,111 shares of Entravision Communications on May 13 at an average price of $8.71, worth about $5.97 million. The sale reduced her direct holdings by 7.09%.
- Seros also disclosed several other recent sales, including transactions on May 14, 12, 11, 8, and 7, signaling a sustained period of insider selling in the stock.
- Entravision recently beat earnings and revenue estimates for the quarter, and the company also announced a quarterly dividend of $0.05 per share, yielding about 2.3% annually.
Entravision Communications Corporation (NYSE:EVC - Get Free Report) major shareholder Alexandra Seros sold 160,282 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $8.33, for a total transaction of $1,335,149.06. Following the completion of the transaction, the insider owned 9,659,861 shares in the company, valued at $80,466,642.13. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases 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 shares were sold at an average price of $9.03, for a total transaction of $3,060,953.28.
- On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The shares were sold at an average price of $8.71, for a total transaction of $5,967,316.81.
- 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 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 Trading Down 1.0%
Shares of NYSE EVC opened at $8.83 on Friday. The company's 50 day simple moving average is $3.94 and its 200 day simple moving average is $3.28. Entravision Communications Corporation has a fifty-two week low of $1.81 and a fifty-two week high of $9.40. The firm has a market capitalization of $811.82 million, a P/E ratio of -40.13 and a beta of 1.36. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40.
Entravision Communications (NYSE:EVC - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $121.49 million.
Entravision Communications Announces Dividend
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 paid a $0.05 dividend. 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 is presently -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 note on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".
View Our Latest Analysis on Entravision Communications
Institutional Investors Weigh In On Entravision Communications
Several large investors have recently bought and sold shares of the company. Teton Advisors LLC increased its stake in Entravision Communications by 23.1% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company's stock valued at $238,000 after purchasing an additional 15,000 shares in the last quarter. Gabelli Funds LLC increased its stake in Entravision Communications by 7.2% in the first quarter. Gabelli Funds LLC now owns 239,000 shares of the company's stock valued at $710,000 after purchasing an additional 16,000 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of Entravision Communications during the first quarter worth $30,000. 3Chopt Investment Partners LLC bought a new stake in shares of Entravision Communications during the first quarter worth $46,000. Finally, Hsbc Holdings PLC increased its position in shares of Entravision Communications by 24.0% during the fourth quarter. Hsbc Holdings PLC now owns 78,950 shares of the company's stock worth $231,000 after acquiring an additional 15,299 shares in the last quarter. Institutional investors own 69.46% of the company's stock.
About Entravision Communications
(
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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