Entravision Communications (NYSE:EVC) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Entravision Communications Corporation (NYSE:EVC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.77 and traded as high as $11.33. Entravision Communications shares last traded at $11.0520, with a volume of 960,884 shares.

Analyst Ratings Changes

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

Entravision Communications Stock Performance

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 stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -50.24 and a beta of 1.69. The stock’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $5.77.

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, topping the consensus estimate of $0.10 by $0.03. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%. The company had revenue of $196.97 million during the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. Entravision Communications’s dividend payout ratio is -90.91%.

Insiders Place Their Bets

In other Entravision Communications news, Director Paul A. Zevnik sold 324,686 shares of Entravision Communications stock in a transaction on Friday, June 12th. The stock was 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 owned 2,107,582 shares in the company, valued at approximately $20,380,317.94. The trade was a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alexandra Seros sold 427,991 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.17, for a total value of $3,924,677.47. Following the completion of the transaction, the insider directly owned 6,823,139 shares in the company, valued at approximately $62,568,184.63. This represents a 5.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,821,690 shares of company stock valued at $39,075,784 over the last ninety days. Insiders own 8.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings 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 in the last quarter. Rhumbline Advisers increased its stake in shares of Entravision Communications by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock valued at $212,000 after buying an additional 6,063 shares during the period. MetLife Investment Management LLC raised its position in shares of Entravision Communications by 35.7% during 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 during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Entravision Communications by 78.5% during 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 during the last quarter. Finally, Occudo Quantitative Strategies LP lifted its stake in shares of Entravision Communications by 49.6% during the third quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock valued at $57,000 after acquiring an additional 8,063 shares during the period. Institutional investors and hedge funds 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.