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

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 259,848 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $8.05, for a total transaction of $2,091,776.40. Following the transaction, the insider owned 8,375,926 shares of the company’s stock, valued at approximately $67,426,204.30. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 transaction 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 transaction 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 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 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 transaction 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 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 Stock Performance

Entravision Communications stock traded up $0.08 on Tuesday, hitting $8.08. The company’s stock had a trading volume of 3,163,150 shares, compared to its average volume of 4,445,761. The firm has a market cap of $742.76 million, a P/E ratio of -36.71 and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The company has a fifty day moving average price of $4.22 and a 200-day moving average price of $3.41. Entravision Communications Corporation has a one year low of $1.81 and a one year high of $9.40.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $196.97 million for the quarter, compared to analyst estimates 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 Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Entravision Communications has an average rating of “Sell”.

Institutional Investors Weigh In On Entravision Communications

Several large investors have recently made changes to their positions in EVC. SG Americas Securities LLC acquired a new stake in shares of Entravision Communications in the 3rd quarter valued at approximately $27,000. AQR Capital Management LLC acquired a new stake in shares of Entravision Communications in the 1st quarter valued at approximately $28,000. BNP Paribas Financial Markets raised its position in shares of Entravision Communications by 86.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after acquiring an additional 5,702 shares during the period. IMC Chicago LLC acquired a new stake in shares of Entravision Communications in the 1st quarter valued at approximately $30,000. Finally, StoneX Group Inc. acquired a new stake in shares of Entravision Communications in the 4th quarter valued at approximately $35,000. Institutional investors own 69.46% of the company’s stock.

Entravision Communications Company Profile

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.