Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 259,848 Shares

Key Points

  • Major shareholder Alexandra Seros sold 259,848 shares of Entravision Communications on May 15 at an average price of $8.05, totaling about $2.09 million and reducing her stake by 3.01%.
  • Seros has also made several other large sales in recent days, including transactions on May 19, May 18, and May 14, indicating a sustained reduction in her position.
  • Entravision recently beat quarterly expectations, reporting $0.13 EPS versus $0.10 expected and revenue of $196.97 million, while the company also announced a $0.05 quarterly dividend.

Entravision Communications Corporation (NYSE:EVC - Get Free Report) major shareholder Alexandra Seros sold 259,848 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $8.05, for a total value of $2,091,776.40. Following the sale, the insider directly owned 8,375,926 shares in the company, valued at $67,426,204.30. This trade represents a 3.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Alexandra Seros also recently made the following trade(s):

  • On Tuesday, May 19th, Alexandra Seros sold 278,163 shares of Entravision Communications stock. The shares were sold at an average price of $7.80, for a total value of $2,169,671.40.
  • On Monday, May 18th, Alexandra Seros sold 468,583 shares of Entravision Communications stock. The shares were sold at an average price of $7.99, for a total value of $3,743,978.17.
  • 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 value 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 value of $5,967,316.81.
  • On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The shares were sold at an average price of $8.33, for a total value of $1,335,149.06.
  • 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 value 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 value 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 value of $4,719,721.56.

Entravision Communications Stock Performance




Shares of EVC opened at $8.08 on Wednesday. Entravision Communications Corporation has a 12 month low of $1.81 and a 12 month high of $9.40. The stock has a fifty day moving average price of $4.22 and a 200-day moving average price of $3.41. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. The firm has a market cap of $742.76 million, a PE ratio of -36.71 and a beta of 1.36.

Entravision Communications (NYSE:EVC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 25.31% and a negative net margin of 3.41%.The firm had revenue of $196.97 million during the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, June 16th. Entravision Communications's dividend payout ratio is currently -90.91%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Entravision Communications from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Check Out Our Latest Research Report on Entravision Communications

Hedge Funds Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in Entravision Communications by 24.8% in the 1st quarter. Empowered Funds LLC now owns 568,569 shares of the company's stock worth $1,689,000 after acquiring an additional 113,013 shares during the last quarter. Rangeley Capital LLC raised its stake in Entravision Communications by 11.1% in the 1st quarter. Rangeley Capital LLC now owns 100,000 shares of the company's stock worth $297,000 after acquiring an additional 10,000 shares during the last quarter. Teton Advisors LLC raised its stake in Entravision Communications by 23.1% in the 1st quarter. Teton Advisors LLC now owns 80,000 shares of the company's stock worth $238,000 after acquiring an additional 15,000 shares during the last quarter. Gabelli Funds LLC raised its stake in Entravision Communications by 7.2% in the 1st quarter. Gabelli Funds LLC now owns 239,000 shares of the company's stock worth $710,000 after acquiring an additional 16,000 shares during the last quarter. Finally, IMC Chicago LLC purchased a new position in Entravision Communications in the 1st quarter worth $30,000. Hedge funds and other 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.

See Also

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