Entravision Communications Corporation (NYSE:EVC - Get Free Report) Director Paul Zevnik sold 324,686 shares of the company's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.67, for a total transaction of $3,139,713.62. Following the completion of the sale, the director directly owned 2,107,582 shares in the company, valued at $20,380,317.94. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Entravision Communications Stock Down 4.8%
NYSE:EVC opened at $9.20 on Tuesday. The firm's 50-day moving average price is $6.57 and its 200-day moving average price is $4.29. The company has a market capitalization of $845.57 million, a PE ratio of -41.80 and a beta of 1.79. 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 Corporation has a 1-year low of $1.95 and a 1-year high of $10.12.
Entravision Communications (NYSE:EVC - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. The firm had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.
Entravision Communications Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.2%. Entravision Communications's dividend payout ratio is currently -90.91%.
Hedge Funds Weigh In On Entravision Communications
Several institutional investors and hedge funds have recently modified their holdings of EVC. MetLife Investment Management LLC increased its holdings in shares of Entravision Communications by 35.7% during the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company's stock valued at $56,000 after acquiring an additional 6,991 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Entravision Communications during the first quarter valued at $28,000. Goldman Sachs Group Inc. increased its holdings in shares of Entravision Communications by 14.0% during the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company's stock valued at $1,251,000 after acquiring an additional 73,103 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Entravision Communications by 7.4% during the first quarter. Empowered Funds LLC now owns 470,465 shares of the company's stock valued at $988,000 after acquiring an additional 32,321 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Entravision Communications by 146.2% during the first quarter. Jane Street Group LLC now owns 38,070 shares of the company's stock valued at $80,000 after acquiring an additional 22,606 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Entravision Communications in a research report on Wednesday, June 3rd. 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 data from MarketBeat.com, the company presently has an average rating of "Sell".
Check Out Our Latest Report on EVC
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.
Further Reading
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