Entravision Communications (NYSE:EVC) Announces Earnings Results

Entravision Communications (NYSE:EVC) issued its quarterly earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, Zacks reports. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.

Entravision Communications Trading Down 0.3%

Shares of Entravision Communications stock traded down $0.01 during trading on Tuesday, hitting $1.99. The stock had a trading volume of 754,431 shares, compared to its average volume of 259,656. The stock has a 50 day simple moving average of $2.29 and a 200 day simple moving average of $2.24. The company has a market capitalization of $180.59 million, a PE ratio of -1.50 and a beta of 1.56. 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 has a 1 year low of $1.58 and a 1 year high of $2.73.

Insider Buying and Selling at Entravision Communications

In other news, major shareholder Alexandra Seros sold 58,525 shares of Entravision Communications stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $2.38, for a total value of $139,289.50. Following the transaction, the insider directly owned 11,361,221 shares of the company’s stock, valued at $27,039,705.98. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 500,000 shares of company stock valued at $1,223,130 over the last quarter. Company insiders own 8.34% of the company’s stock.

Institutional Investors Weigh In On Entravision Communications

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in shares of Entravision Communications during the 1st quarter valued at about $28,000. Occudo Quantitative Strategies LP bought a new stake in Entravision Communications in the second quarter worth approximately $38,000. Tower Research Capital LLC TRC grew its position 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 acquiring an additional 7,642 shares in the last quarter. MetLife Investment Management LLC grew its position 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 acquiring an additional 6,991 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Entravision Communications by 146.2% in the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock worth $80,000 after acquiring an additional 22,606 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About Entravision Communications

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.