Entravision Communications (NYSE:EVC) Director Paul Zevnik Sells 35,000 Shares of Stock

Entravision Communications Corporation (NYSE:EVCGet Free Report) Director Paul Zevnik sold 35,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $8.40, for a total value of $294,000.00. Following the completion of the transaction, the director directly owned 36,100 shares of the company’s stock, valued at $303,240. The trade was a 49.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Entravision Communications Trading Up 0.4%

Entravision Communications stock opened at $8.44 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.48. Entravision Communications Corporation has a fifty-two week low of $1.95 and a fifty-two week high of $13.74. The stock has a market cap of $778.93 million, a P/E ratio of 844.84 and a beta of 1.67. The firm’s fifty day moving average price is $10.39 and its 200-day moving average price is $7.31.

Entravision Communications (NYSE:EVCGet Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. Entravision Communications had a return on equity of 6.98% and a net margin of 0.62%.The business had revenue of $227.90 million for the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. Entravision Communications’s dividend payout ratio is presently 2,000.00%.

Institutional Investors Weigh In On Entravision Communications

A number of hedge funds have recently made changes to their positions in the business. IMC Chicago LLC purchased a new stake in shares of Entravision Communications in the 1st quarter valued at $30,000. Flower City Capital purchased a new position in Entravision Communications in the 2nd quarter worth $137,000. California State Teachers Retirement System lifted its stake in Entravision Communications by 237.7% in the second quarter. California State Teachers Retirement System now owns 11,371 shares of the company’s stock worth $148,000 after purchasing an additional 8,004 shares during the last quarter. StoneX Group Inc. purchased a new stake in Entravision Communications during the fourth quarter valued at about $35,000. Finally, BNP Paribas Financial Markets boosted its position in Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares during the period. 69.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVC has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a research report on Monday. Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Get Our Latest Analysis on EVC

About Entravision Communications

(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.

Further Reading

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

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