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

Entravision Communications Corporation (NYSE:EVC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.62 and traded as high as $3.04. Entravision Communications shares last traded at $3.0250, with a volume of 234,453 shares traded.

Analysts Set New Price Targets

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

Entravision Communications Stock Performance

The firm has a market capitalization of $275.21 million, a P/E ratio of -2.33 and a beta of 1.26. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a 50-day moving average price of $3.05 and a two-hundred day moving average price of $2.62.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS 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 business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Tuesday, December 16th. Entravision Communications’s dividend payout ratio is currently -15.38%.

Insider Buying and Selling

In other news, major shareholder Alexandra Seros sold 157,817 shares of Entravision Communications stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $2.75, for a total transaction of $433,996.75. Following the completion of the sale, the insider owned 11,162,326 shares of the company’s stock, valued at approximately $30,696,396.50. The trade was a 1.39% 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, COO Liberman A. Jeffery sold 85,108 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $3.29, for a total value of $280,005.32. Following the completion of the sale, the chief operating officer owned 126,316 shares of the company’s stock, valued at $415,579.64. The trade was a 40.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 920,000 shares of company stock worth $2,658,527. Corporate insiders own 8.34% of the company’s stock.

Hedge Funds Weigh In On Entravision Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in EVC. American Century Companies Inc. raised its holdings in shares of Entravision Communications by 10.7% in the second quarter. American Century Companies Inc. now owns 10,202,560 shares of the company’s stock valued at $23,670,000 after acquiring an additional 984,510 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Entravision Communications by 265.0% during the 3rd 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 in the last quarter. Qube Research & Technologies Ltd increased its position in Entravision Communications by 344.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 96,957 shares of the company’s stock valued at $226,000 after purchasing an additional 75,143 shares during the period. Corsair Capital Management L.P. raised its holdings in shares of Entravision Communications by 285.4% in the 2nd quarter. Corsair Capital Management L.P. now owns 100,985 shares of the company’s stock valued at $234,000 after purchasing an additional 74,785 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Entravision Communications by 14.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock valued at $1,251,000 after purchasing an additional 73,103 shares in the last quarter. Institutional investors 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.