Entravision Communications (NYSE:EVC) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Entravision Communications Corporation (NYSE:EVC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.19 and traded as high as $10.06. Entravision Communications shares last traded at $10.0250, with a volume of 2,042,444 shares.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Entravision Communications in a research report on Wednesday, June 3rd. Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Entravision Communications has an average rating of “Sell”.

Entravision Communications Stock Performance

The stock has a 50-day simple moving average of $6.31 and a 200 day simple moving average of $4.19. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $921.90 million, a PE ratio of -45.57 and a beta of 1.81.

Entravision Communications (NYSE:EVC) last posted its earnings results on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $196.97 million for the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s payout ratio is -90.91%.

Insider Buying and Selling at Entravision Communications

In other news, major shareholder Alexandra Seros sold 685,111 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was 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 of the company’s stock, 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 through the SEC website. Insiders sold 4,497,004 shares of company stock valued at $35,936,071 over the last ninety days. Insiders own 8.34% of the company’s stock.

Hedge Funds Weigh In On Entravision Communications

Institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC raised its holdings in shares of Entravision Communications by 265.0% in the third quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock worth $1,333,000 after acquiring an additional 415,348 shares during the last quarter. R Squared Ltd raised its holdings 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 during the last quarter. Rangeley Capital LLC raised 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 worth $297,000 after acquiring an additional 10,000 shares during the last quarter. Teton Advisors LLC raised its holdings in shares of Entravision Communications by 23.1% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock worth $238,000 after acquiring an additional 15,000 shares during the last quarter. Finally, IMC Chicago LLC acquired a new position in shares of Entravision Communications in the first quarter worth $30,000. 69.46% of the stock is owned by institutional investors and hedge funds.

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.