Entravision Communications (NYSE:EVC) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Entravision Communications Corporation (NYSE:EVC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.60 and traded as high as $3.34. Entravision Communications shares last traded at $3.28, with a volume of 243,587 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Entravision Communications in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Entravision Communications has an average rating of “Sell”.

Entravision Communications Trading Up 0.9%

The firm has a fifty day moving average of $3.00 and a 200 day moving average of $2.60. The firm has a market capitalization of $298.41 million, a PE ratio of -2.52 and a beta of 1.26. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.74 and a current ratio of 1.74.

Entravision Communications (NYSE:EVC) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $120.63 million during the quarter. Entravision Communications had a negative return on equity of 66.12% and a negative net margin of 27.92%.

Entravision Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 6.1%. Entravision Communications’s payout ratio is currently -15.38%.

Insider Transactions at Entravision Communications

In other news, COO Liberman A. Jeffery sold 85,108 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $3.29, for a total transaction of $280,005.32. Following the completion of the sale, the chief operating officer directly owned 126,316 shares in the company, valued at $415,579.64. This trade represents a 40.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alexandra Seros sold 157,817 shares of Entravision Communications stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $2.75, for a total value of $433,996.75. Following the sale, the insider directly owned 11,162,326 shares in the company, valued at approximately $30,696,396.50. The trade was a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 920,000 shares of company stock valued at $2,658,527. 8.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entravision Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Entravision Communications by 86.4% in the third 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 grew its holdings 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 acquiring an additional 6,063 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Entravision Communications by 35.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock worth $56,000 after purchasing an additional 6,991 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Entravision Communications by 45.6% in the 2nd quarter. HBK Sorce Advisory LLC now owns 23,341 shares of the company’s stock valued at $54,000 after purchasing an additional 7,314 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Entravision Communications by 78.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company’s stock valued at $40,000 after purchasing an additional 7,642 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

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.