Alexandra Seros Sells 677,148 Shares of Entravision Communications (NYSE:EVC) Stock

Entravision Communications Corporation (NYSE:EVCGet Free Report) major shareholder Alexandra Seros sold 677,148 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $6.97, for a total transaction of $4,719,721.56. Following the transaction, the insider directly owned 556,263 shares of the company’s stock, valued at $3,877,153.11. This trade represents a 54.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 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.

Entravision Communications Price Performance

EVC stock opened at $8.12 on Wednesday. The stock has a 50-day moving average price of $3.70 and a two-hundred day moving average price of $3.19. Entravision Communications Corporation has a 12-month low of $1.81 and a 12-month high of $8.97. 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 company has a market cap of $746.81 million, a PE ratio of -36.91 and a beta of 1.36.

Entravision Communications (NYSE:EVCGet Free Report) last posted its quarterly earnings results 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 return on equity of 25.31% and a negative net margin of 3.41%.The firm had revenue of $196.97 million during the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s payout ratio is currently -90.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EVC. Segall Bryant & Hamill LLC boosted its stake in shares of Entravision Communications by 265.0% in the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock valued at $1,333,000 after purchasing an additional 415,348 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Entravision Communications by 59.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock valued at $2,272,000 after purchasing an additional 289,451 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Entravision Communications in the fourth quarter valued at about $521,000. Walleye Capital LLC purchased a new position in Entravision Communications in the fourth quarter valued at about $311,000. Finally, Corsair Capital Management L.P. boosted its stake in Entravision Communications by 68.5% during the 4th quarter. Corsair Capital Management L.P. now owns 221,504 shares of the company’s stock valued at $649,000 after acquiring an additional 90,023 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Entravision Communications currently has an average rating of “Sell”.

Get Our Latest Report on EVC

Entravision Communications Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Entravision Communications (NYSE:EVC)

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