Entravision Communications Corporation $EVC Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its stake in Entravision Communications Corporation (NYSE:EVC) by 23.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,678 shares of the company’s stock after selling 11,289 shares during the quarter. Ritholtz Wealth Management’s holdings in Entravision Communications were worth $87,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EVC. Segall Bryant & Hamill LLC acquired a new position in shares of Entravision Communications in the 1st quarter valued at about $329,000. Kingsview Wealth Management LLC acquired a new position in shares of Entravision Communications in the 1st quarter valued at about $31,000. Nuveen LLC acquired a new position in shares of Entravision Communications in the 1st quarter valued at about $366,000. MetLife Investment Management LLC lifted its holdings in shares of Entravision Communications by 35.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after buying an additional 6,991 shares during the period. Finally, Corsair Capital Management L.P. purchased a new position in shares of Entravision Communications in the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Insider Buying and Selling

In other Entravision Communications news, major shareholder Alexandra Seros sold 41,078 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $2.31, for a total transaction of $94,890.18. Following the completion of the sale, the insider directly owned 11,320,143 shares in the company, valued at approximately $26,149,530.33. The trade was a 0.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 500,000 shares of company stock worth $1,223,130. 8.34% of the stock is currently owned by insiders.

Entravision Communications Price Performance

Shares of Entravision Communications stock opened at $2.00 on Thursday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.91. Entravision Communications Corporation has a twelve month low of $1.58 and a twelve month high of $2.73. The business has a 50-day moving average price of $2.36 and a 200 day moving average price of $2.22. The firm has a market cap of $182.23 million, a PE ratio of -1.52 and a beta of 1.56.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.04) EPS for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.The firm had revenue of $100.74 million for the quarter.

Entravision Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 10.0%. The ex-dividend date was Tuesday, September 16th. Entravision Communications’s payout ratio is -15.15%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.