Entravision Communications Corporation (NYSE:EVC – Get Free Report) major shareholder Alexandra Seros sold 378,050 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $7.84, for a total value of $2,963,912.00. Following the completion of the transaction, the insider directly owned 7,251,130 shares in the company, valued at $56,848,859.20. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 21st, Alexandra Seros sold 427,991 shares of Entravision Communications stock. The shares were sold at an average price of $9.17, for a total value of $3,924,677.47.
- On Tuesday, May 19th, Alexandra Seros sold 278,163 shares of Entravision Communications stock. The shares were sold at an average price of $7.80, for a total value of $2,169,671.40.
- On Monday, May 18th, Alexandra Seros sold 468,583 shares of Entravision Communications stock. The shares were sold at an average price of $7.99, for a total value of $3,743,978.17.
- On Friday, May 15th, Alexandra Seros sold 259,848 shares of Entravision Communications stock. The shares were sold at an average price of $8.05, for a total value of $2,091,776.40.
- 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 Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The shares were 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 shares were sold at an average price of $6.97, for a total value of $4,719,721.56.
Entravision Communications Stock Up 16.2%
NYSE:EVC traded up $1.33 during mid-day trading on Thursday, hitting $9.54. The company had a trading volume of 4,825,621 shares, compared to its average volume of 4,815,439. The business has a fifty day simple moving average of $4.45 and a 200-day simple moving average of $3.50. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications Corporation has a 1 year low of $1.85 and a 1 year high of $9.61. The firm has a market capitalization of $877.11 million, a price-to-earnings ratio of -43.35 and a beta of 1.36.
Entravision Communications Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Entravision Communications’s dividend payout ratio (DPR) is currently -90.91%.
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, the stock currently has a consensus rating of “Sell”.
Read Our Latest Analysis on EVC
Institutional Trading of Entravision Communications
Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Entravision Communications by 86.4% in the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after purchasing an additional 5,702 shares in the last quarter. Rhumbline Advisers grew its stake in Entravision Communications by 7.1% in the second quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock worth $212,000 after purchasing an additional 6,063 shares in the last quarter. MetLife Investment Management LLC grew its stake in Entravision Communications by 35.7% in the first quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after purchasing an additional 6,991 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Entravision Communications by 78.5% in the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock worth $40,000 after purchasing an additional 7,642 shares in the last quarter. Finally, R Squared Ltd grew its stake in Entravision Communications by 40.6% in the third quarter. R Squared Ltd now owns 26,963 shares of the company’s stock worth $63,000 after purchasing an additional 7,784 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.
Entravision Communications Company Profile
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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