Alexandra Seros Sells 498,913 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 498,913 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $6.73, for a total transaction of $3,357,684.49. Following the sale, the insider owned 389,848 shares in the company, valued at $2,623,677.04. This represents a 56.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 Thursday, May 7th, Alexandra Seros sold 677,148 shares of Entravision Communications stock. The stock was sold at an average price of $6.97, for a total value of $4,719,721.56.

Entravision Communications Trading Up 23.3%

NYSE EVC traded up $1.67 during trading hours on Monday, hitting $8.83. 7,130,728 shares of the company were exchanged, compared to its average volume of 3,066,215. The stock has a 50-day moving average price of $3.60 and a 200 day moving average price of $3.14. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications Corporation has a 52 week low of $1.81 and a 52 week high of $8.87. The stock has a market cap of $811.55 million, a PE ratio of -40.11 and a beta of 1.36.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings data 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 business had revenue of $196.97 million during 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 2.3%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is presently -90.91%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EVC. MetLife Investment Management LLC raised its holdings in shares of Entravision Communications by 35.7% in the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after buying an additional 6,991 shares during the period. AQR Capital Management LLC purchased a new position in Entravision Communications during the 1st quarter valued at $28,000. Goldman Sachs Group Inc. boosted its holdings in Entravision Communications by 14.0% during the 1st 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 during the period. Empowered Funds LLC grew its position in Entravision Communications by 7.4% in the 1st 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 during the last quarter. Finally, Jane Street Group LLC increased its stake in Entravision Communications by 146.2% in the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock worth $80,000 after purchasing an additional 22,606 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.