Entravision Communications (NYSE:EVC) Shares Down 6.2% – Time to Sell?

Entravision Communications Corporation (NYSE:EVC)’s share price traded down 6.2% during trading on Monday . The stock traded as low as $10.70 and last traded at $11.0350. 569,596 shares traded hands during trading, a decline of 62% from the average session volume of 1,510,267 shares. The stock had previously closed at $11.76.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Entravision Communications currently has a consensus rating of “Sell”.

Entravision Communications Stock Performance

The stock’s 50 day moving average is $9.65 and its two-hundred day moving average is $5.43. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -50.07 and a beta of 1.69. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19.

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 analysts’ consensus estimates 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 company had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Entravision Communications’s dividend payout ratio is presently -90.91%.

Insider Activity at Entravision Communications

In related news, major shareholder Alexandra Seros sold 427,991 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.17, for a total value of $3,924,677.47. Following the sale, the insider owned 6,823,139 shares in the company, valued at approximately $62,568,184.63. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul A. Zevnik sold 324,686 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.67, for a total transaction of $3,139,713.62. Following the completion of the transaction, the director directly owned 2,107,582 shares in the company, valued at $20,380,317.94. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,821,690 shares of company stock worth $39,075,784 in the last 90 days. Corporate insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Entravision Communications

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in shares of Entravision Communications by 86.4% during 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. Rhumbline Advisers raised its stake in Entravision Communications by 7.1% in the second quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock valued at $212,000 after purchasing an additional 6,063 shares in the last quarter. MetLife Investment Management LLC lifted its position in 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 during the period. Tower Research Capital LLC TRC lifted its position in Entravision Communications by 78.5% during the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock worth $40,000 after purchasing an additional 7,642 shares during the period. Finally, Occudo Quantitative Strategies LP lifted its position in Entravision Communications by 49.6% during the third quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock worth $57,000 after purchasing an additional 8,063 shares during the period. 69.46% of the stock is currently owned by institutional investors.

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.