Insider Selling: Entravision Communications (NYSE:EVC) Director Sells 324,686 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) Director Paul Zevnik sold 324,686 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.67, for a total value of $3,139,713.62. Following the completion of the transaction, the director directly owned 2,107,582 shares of the company’s stock, valued at $20,380,317.94. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Entravision Communications Stock Down 4.8%

EVC traded down $0.47 on Monday, reaching $9.20. The company’s stock had a trading volume of 2,497,043 shares, compared to its average volume of 1,434,946. The stock has a 50 day moving average of $6.44 and a two-hundred day moving average of $4.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $845.60 million, a price-to-earnings ratio of -41.80 and a beta of 1.81. Entravision Communications Corporation has a fifty-two week low of $1.95 and a fifty-two week high of $10.12.

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

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is presently -90.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Entravision Communications in a report on Wednesday, June 3rd. Wall Street Zen raised Entravision Communications from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Entravision Communications presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Entravision Communications

A number of large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in Entravision Communications by 86.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after buying an additional 5,702 shares during the last quarter. Rhumbline Advisers raised its position in Entravision Communications by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock worth $212,000 after buying an additional 6,063 shares during the last quarter. MetLife Investment Management LLC raised its position in Entravision Communications by 35.7% during the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after buying an additional 6,991 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Entravision Communications by 78.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock worth $40,000 after buying an additional 7,642 shares during the last quarter. Finally, R Squared Ltd raised its position in Entravision Communications by 40.6% during the 3rd quarter. R Squared Ltd now owns 26,963 shares of the company’s stock worth $63,000 after buying an additional 7,784 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

About Entravision Communications

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.