Entravision Communications (NYSE:EVC) Sets New 12-Month High – Still a Buy?

Entravision Communications Corporation (NYSE:EVC) shares hit a new 52-week high during trading on Monday . The company traded as high as $13.74 and last traded at $13.3140, with a volume of 661349 shares traded. The stock had previously closed at $13.05.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Entravision Communications Price Performance

The firm has a market capitalization of $1.10 billion, a P/E ratio of -54.25 and a beta of 1.69. The business has a fifty day moving average of $9.16 and a 200-day moving average of $5.25. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40.

Entravision Communications (NYSE:EVC) last announced its earnings results 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. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.The firm had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 16th. Entravision Communications’s dividend payout ratio is currently -90.91%.

Insider Activity

In other news, major shareholder Alexandra Seros sold 685,111 shares of the stock in a transaction that occurred 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 directly owned 8,974,750 shares in the company, valued at $78,170,072.50. This trade represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul A. Zevnik sold 324,686 shares of the firm’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 transaction of $3,139,713.62. Following the transaction, the director owned 2,107,582 shares in the company, valued at $20,380,317.94. This represents a 13.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,821,690 shares of company stock worth $39,075,784. 8.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Entravision Communications

A number of institutional investors have recently added to or reduced their stakes in EVC. Flower City Capital acquired a new position in shares of Entravision Communications during the 2nd quarter valued at $137,000. Empowered Funds LLC lifted its holdings in shares of Entravision Communications by 24.8% in the first quarter. Empowered Funds LLC now owns 568,569 shares of the company’s stock valued at $1,689,000 after buying an additional 113,013 shares during the period. Rangeley Capital LLC lifted its holdings in shares of Entravision Communications by 11.1% in the first quarter. Rangeley Capital LLC now owns 100,000 shares of the company’s stock valued at $297,000 after buying an additional 10,000 shares during the period. Teton Advisors LLC boosted its stake in Entravision Communications by 23.1% during the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $238,000 after buying an additional 15,000 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in Entravision Communications by 7.2% during the first quarter. Gabelli Funds LLC now owns 239,000 shares of the company’s stock worth $710,000 after acquiring an additional 16,000 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.