Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 160,282 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 160,282 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $8.33, for a total transaction of $1,335,149.06. Following the sale, the insider directly owned 9,659,861 shares in the company, valued at $80,466,642.13. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The stock was 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 stock was sold at an average price of $8.71, for a total transaction of $5,967,316.81.
• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The stock was 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 stock was 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 stock was sold at an average price of $6.97, for a total transaction of $4,719,721.56.

Entravision Communications Price Performance

Shares of Entravision Communications stock opened at $8.83 on Friday. 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 stock has a market capitalization of $811.82 million, a price-to-earnings ratio of -40.13 and a beta of 1.36. Entravision Communications Corporation has a 1-year low of $1.81 and a 1-year high of $9.40. The firm’s 50-day moving average price is $3.94 and its two-hundred day moving average price is $3.28.

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 the consensus estimate of $0.10 by $0.03. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%. The firm had revenue of $196.97 million for the quarter, compared to analysts’ expectations of $121.49 million.

Entravision Communications Announces Dividend

The business 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is presently -90.91%.

Hedge Funds Weigh In On Entravision Communications

A number of large investors have recently modified their holdings of EVC. MetLife Investment Management LLC lifted its position 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 worth $56,000 after purchasing an additional 6,991 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Entravision Communications during the first quarter worth approximately $28,000. Goldman Sachs Group Inc. lifted its position 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 worth $1,251,000 after purchasing an additional 73,103 shares in the last quarter. Empowered Funds LLC lifted its position 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 worth $988,000 after purchasing an additional 32,321 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Entravision Communications by 146.2% in the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock valued at $80,000 after buying an additional 22,606 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.