Entravision Communications Corporation (NYSE:EVC – Get Free Report) major shareholder Alexandra Seros sold 677,148 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $6.97, for a total transaction of $4,719,721.56. Following the transaction, the insider directly owned 556,263 shares of the company’s stock, valued at $3,877,153.11. This trade represents a 54.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Alexandra Seros also recently made the following trade(s):
- 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 transaction 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 transaction of $3,357,684.49.
Entravision Communications Price Performance
EVC stock opened at $8.12 on Wednesday. The stock has a 50-day moving average price of $3.70 and a two-hundred day moving average price of $3.19. Entravision Communications Corporation has a 12-month low of $1.81 and a 12-month high of $8.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. The company has a market cap of $746.81 million, a PE ratio of -36.91 and a beta of 1.36.
Entravision Communications Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s payout ratio is currently -90.91%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in EVC. Segall Bryant & Hamill LLC boosted its stake in shares of Entravision Communications by 265.0% in the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock valued at $1,333,000 after purchasing an additional 415,348 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Entravision Communications by 59.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock valued at $2,272,000 after purchasing an additional 289,451 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Entravision Communications in the fourth quarter valued at about $521,000. Walleye Capital LLC purchased a new position in Entravision Communications in the fourth quarter valued at about $311,000. Finally, Corsair Capital Management L.P. boosted its stake in Entravision Communications by 68.5% during the 4th quarter. Corsair Capital Management L.P. now owns 221,504 shares of the company’s stock valued at $649,000 after acquiring an additional 90,023 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Entravision Communications currently has an average rating of “Sell”.
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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