Entravision Communications Corporation (NYSE:EVC – Get Free Report) major shareholder Alexandra Seros sold 685,111 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $8.71, for a total transaction of $5,967,316.81. Following the completion of the sale, the insider owned 8,974,750 shares of the company’s stock, valued at approximately $78,170,072.50. The trade was a 7.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 stock was sold at an average price of $9.03, for a total value of $3,060,953.28.
- On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The stock was sold at an average price of $8.33, for a total value of $1,335,149.06.
- On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The shares were 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 shares were 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 stock was sold at an average price of $6.97, for a total value of $4,719,721.56.
Entravision Communications Price Performance
NYSE:EVC traded down $0.09 during trading hours on Thursday, hitting $8.83. The company’s stock had a trading volume of 3,818,441 shares, compared to its average volume of 1,145,868. The business’s 50-day moving average is $3.82 and its two-hundred day moving average is $3.23. The company has a market capitalization of $811.82 million, a PE ratio of -40.13 and a beta of 1.36. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. Entravision Communications Corporation has a 52-week low of $1.81 and a 52-week high of $9.40.
Entravision Communications Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.3%. Entravision Communications’s payout ratio is currently -90.91%.
Institutional Trading of Entravision Communications
Several large investors have recently bought and sold shares of EVC. IMC Chicago LLC purchased a new position in shares of Entravision Communications in the first quarter valued at $30,000. 3Chopt Investment Partners LLC acquired a new position in shares of Entravision Communications during the 1st quarter worth $46,000. Hsbc Holdings PLC boosted its position in shares of Entravision Communications by 24.0% in the 4th quarter. Hsbc Holdings PLC now owns 78,950 shares of the company’s stock worth $231,000 after buying an additional 15,299 shares in the last quarter. XTX Topco Ltd grew its stake in Entravision Communications by 78.0% in the 4th quarter. XTX Topco Ltd now owns 18,526 shares of the company’s stock valued at $54,000 after acquiring an additional 8,120 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Entravision Communications in the 4th quarter valued at about $128,000. Institutional investors and hedge funds own 69.46% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Entravision Communications from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Stock Report on Entravision Communications
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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