Entravision Communications (NYSE:EVC) Issues Earnings Results

Entravision Communications (NYSE:EVC) announced its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, Zacks reports. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%.

Entravision Communications Stock Down 0.3%

Shares of NYSE:EVC traded down $0.01 during trading on Tuesday, hitting $1.99. The stock had a trading volume of 754,431 shares, compared to its average volume of 259,656. Entravision Communications has a 12 month low of $1.58 and a 12 month high of $2.73. The company has a market capitalization of $180.59 million, a PE ratio of -1.50 and a beta of 1.56. The firm’s fifty day moving average is $2.28 and its 200 day moving average is $2.24. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.91.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Entravision Communications has a consensus rating of “Sell”.

Insider Activity

In other Entravision Communications news, major shareholder Alexandra Seros sold 58,525 shares of Entravision Communications stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $2.38, for a total transaction of $139,289.50. Following the completion of the transaction, the insider owned 11,361,221 shares in the company, valued at approximately $27,039,705.98. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 500,000 shares of company stock valued at $1,223,130. 8.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Entravision Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new stake in Entravision Communications during the 1st quarter valued at $28,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Entravision Communications in the 2nd quarter valued at approximately $38,000. Tower Research Capital LLC TRC grew its stake in shares of Entravision Communications by 78.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock valued at $40,000 after buying an additional 7,642 shares during the period. MetLife Investment Management LLC grew its stake in shares of Entravision Communications by 35.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after buying an additional 6,991 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Entravision Communications by 146.2% during the 1st quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock worth $80,000 after buying an additional 22,606 shares in the last quarter. Institutional investors own 69.46% of the company’s stock.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.