Entravision Communications (NYSE:EVC) COO Sells $55,131.54 in Stock

Entravision Communications Corporation (NYSE:EVC) COO Liberman Jeffery sold 20,121 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $2.74, for a total transaction of $55,131.54. Following the completion of the transaction, the chief operating officer owned 418,998 shares of the company’s stock, valued at approximately $1,148,054.52. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Entravision Communications Price Performance

Shares of NYSE:EVC traded up $0.03 during trading on Tuesday, reaching $2.72. 199,220 shares of the company’s stock traded hands, compared to its average volume of 327,149. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.91. Entravision Communications Corporation has a fifty-two week low of $1.58 and a fifty-two week high of $3.15. The company has a 50-day simple moving average of $2.37 and a 200-day simple moving average of $2.33. The firm has a market cap of $247.00 million, a PE ratio of -2.06 and a beta of 1.63.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.The business had revenue of $120.63 million for the quarter.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 7.4%. Entravision Communications’s dividend payout ratio (DPR) is currently -15.38%.

Hedge Funds Weigh In On Entravision Communications

Hedge funds and other institutional investors have recently modified their holdings of the business. Qube Research & Technologies Ltd grew its stake in Entravision Communications by 344.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 96,957 shares of the company’s stock valued at $226,000 after acquiring an additional 75,143 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Entravision Communications by 35.2% during the 3rd quarter. Millennium Management LLC now owns 174,006 shares of the company’s stock worth $405,000 after purchasing an additional 45,330 shares during the last quarter. Occudo Quantitative Strategies LP grew its position in shares of Entravision Communications by 49.6% in the third quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock valued at $57,000 after purchasing an additional 8,063 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Entravision Communications by 29.0% in the third quarter. Two Sigma Investments LP now owns 214,577 shares of the company’s stock valued at $500,000 after purchasing an additional 48,275 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Entravision Communications by 3.7% in the third quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock valued at $2,327,000 after purchasing an additional 35,391 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About Entravision Communications

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.