Entravision Communications (NYSE:EVC) Stock Passes Above 200 Day Moving Average – Should You Sell?

Entravision Communications Corporation (NYSE:EVC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.19 and traded as high as $10.06. Entravision Communications shares last traded at $10.0250, with a volume of 2,042,444 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EVC. Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a research note on Wednesday, June 3rd. 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”.

Entravision Communications Price Performance

The firm has a market cap of $891.64 million, a P/E ratio of -44.07 and a beta of 1.81. 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 business has a 50-day moving average of $6.44 and a two-hundred day moving average of $4.23.

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

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. Entravision Communications’s payout ratio is currently -90.91%.

Insiders Place Their Bets

In related news, major shareholder Alexandra Seros sold 427,991 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.17, for a total transaction of $3,924,677.47. Following the sale, the insider owned 6,823,139 shares in the company, valued at $62,568,184.63. The trade was a 5.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 4,497,004 shares of company stock worth $35,936,071. Insiders own 8.34% of the company’s stock.

Institutional Investors Weigh In On Entravision Communications

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of Entravision Communications in the 1st quarter valued at about $28,000. BNP Paribas Financial Markets grew 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 buying an additional 5,702 shares during the last quarter. IMC Chicago LLC bought a new stake in shares of Entravision Communications in the 1st quarter valued at about $30,000. StoneX Group Inc. bought a new stake in shares of Entravision Communications in the 4th quarter valued at about $35,000. Finally, Vise Technologies Inc. bought a new stake in shares of Entravision Communications in the 4th quarter valued at about $38,000. Institutional investors own 69.46% of the company’s stock.

About Entravision Communications

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.