Entravision Communications (NYSE:EVC) Stock Price Down 7.5% – Should You Sell?

Entravision Communications Corporation (NYSE:EVC)’s stock price traded down 7.5% during trading on Tuesday. The company traded as low as $6.76 and last traded at $6.5860. 906,719 shares changed hands during trading, a decline of 39% from the average session volume of 1,498,041 shares. The stock had previously closed at $7.12.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Entravision Communications from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Entravision Communications Trading Down 0.5%

The firm has a market cap of $622.50 million, a PE ratio of 675.18 and a beta of 1.72. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The company has a 50-day simple moving average of $8.62 and a 200 day simple moving average of $8.10.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $227.90 million during the quarter, compared to analysts’ expectations of $121.49 million. Entravision Communications had a return on equity of 6.98% and a net margin of 0.62%.

Entravision Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, September 16th. Entravision Communications’s dividend payout ratio is presently 2,000.00%.

Insider Transactions at Entravision Communications

In other Entravision Communications news, Director Paul Zevnik sold 35,000 shares of Entravision Communications stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $8.40, for a total transaction of $294,000.00. Following the completion of the sale, the director directly owned 36,100 shares in the company, valued at $303,240. This trade represents a 49.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rangeley Capital LLC grew its holdings in Entravision Communications by 11.1% in the 1st 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. IMC Chicago LLC purchased a new position in Entravision Communications in the first quarter valued at approximately $30,000. Flower City Capital purchased a new stake in Entravision Communications during the second quarter worth approximately $137,000. Teton Advisors LLC lifted its holdings in shares of Entravision Communications by 23.1% during the 1st quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $238,000 after acquiring an additional 15,000 shares in the last quarter. Finally, 3Chopt Investment Partners LLC acquired a new stake in Entravision Communications in the 1st quarter valued at $46,000. 69.46% of the stock is owned by institutional investors and hedge funds.

About Entravision Communications

Entravision Communications Corporation (NYSE:EVC) is a global advertising, media and technology company headquartered in Santa Monica, California. The company operates digital advertising solutions, audio and television media businesses, and provides marketing services to brands and agencies.

Entravision’s digital operations help advertisers plan, purchase and measure campaigns across connected television, mobile, social, streaming audio and other digital channels. Its offerings include programmatic advertising, mobile marketing, influencer and creator campaigns, and audio advertising.