Entravision Communications (NYSE:EVC) Trading Up 7.2% – Here’s What Happened

by · The Cerbat Gem

Entravision Communications Corporation (NYSE:EVC – Get Free Report)’s share price was up 7.2% on Thursday . The stock traded as high as $8.79 and last traded at $8.7990. Approximately 480,159 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 1,236,059 shares. The stock had previously closed at $8.21.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of 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, According to data from MarketBeat.com, Entravision Communications currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on EVC

Entravision Communications Price Performance

The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $868.56 million, a PE ratio of -43.03 and a beta of 1.36. The stock’s 50-day moving average is $4.32 and its two-hundred day moving average is $3.45.

Entravision Communications (NYSE:EVC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $196.97 million during the quarter, compared to analysts’ expectations of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

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 given 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 dividend yield of 2.1%. Entravision Communications’s dividend payout ratio (DPR) is presently -90.91%.

Insider Buying and Selling

In other Entravision Communications news, major shareholder Alexandra Seros sold 685,111 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $8.71, for a total value of $5,967,316.81. Following the completion of the transaction, the insider owned 8,974,750 shares in the company, valued at $78,170,072.50. The trade was a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 3,690,963 shares of company stock valued at $29,047,481. Company insiders own 8.34% of the company’s stock.

Hedge Funds Weigh In On Entravision Communications

Several institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of 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 acquiring an additional 5,702 shares in the last quarter. Rhumbline Advisers grew its stake in shares of 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 acquiring an additional 6,063 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of 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 acquiring an additional 6,991 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of 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 acquiring an additional 7,642 shares in the last quarter. Finally, R Squared Ltd grew its stake in shares of 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 acquiring an additional 7,784 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Entravision Communications Company Profile

(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.

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