Entravision Communications Corporation (NYSE:EVC – Get Free Report) major shareholder Alexandra Seros sold 160,282 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $8.33, for a total value of $1,335,149.06. Following the transaction, the insider owned 9,659,861 shares in the company, valued at approximately $80,466,642.13. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 shares were sold at an average price of $9.03, for a total value of $3,060,953.28.
- On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The shares were sold at an average price of $8.71, for a total value 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 value 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 value of $3,357,684.49.
- On Thursday, May 7th, Alexandra Seros sold 677,148 shares of Entravision Communications stock. The shares were sold at an average price of $6.97, for a total value of $4,719,721.56.
Entravision Communications Stock Performance
Shares of NYSE:EVC traded down $0.09 during trading on Thursday, reaching $8.83. The stock had a trading volume of 3,818,441 shares, compared to its average volume of 1,145,868. Entravision Communications Corporation has a 52 week low of $1.81 and a 52 week high of $9.40. The firm has a market capitalization of $811.82 million, a price-to-earnings ratio of -40.13 and a beta of 1.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The stock has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $3.23.
Entravision Communications Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is -90.91%.
Institutional Investors Weigh In On Entravision Communications
Several hedge funds and other institutional investors have recently modified their holdings of EVC. Segall Bryant & Hamill LLC increased its position in Entravision Communications by 265.0% during the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock worth $1,333,000 after acquiring an additional 415,348 shares during the period. R Squared Ltd boosted its holdings in Entravision Communications by 40.6% in the 3rd quarter. R Squared Ltd now owns 26,963 shares of the company’s stock valued at $63,000 after purchasing an additional 7,784 shares during the period. SG Americas Securities LLC acquired a new stake in Entravision Communications in the 3rd quarter worth $27,000. 3Chopt Investment Partners LLC acquired a new stake in Entravision Communications in the 1st quarter worth $46,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Entravision Communications by 2.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,000 shares of the company’s stock worth $1,761,000 after purchasing an additional 13,226 shares during the period. Institutional investors and hedge funds own 69.46% of the company’s stock.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Entravision Communications currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on EVC
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.
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