Entravision Communications (NYSE:EVC) Director Paul Zevnik Sells 324,686 Shares of Stock

Entravision Communications Corporation (NYSE:EVC) Director Paul Zevnik sold 324,686 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.67, for a total value of $3,139,713.62. Following the sale, the director directly owned 2,107,582 shares of the company’s stock, valued at approximately $20,380,317.94. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Entravision Communications Stock Performance

NYSE:EVC opened at $9.20 on Tuesday. The firm has a market cap of $845.57 million, a PE ratio of -41.80 and a beta of 1.79. Entravision Communications Corporation has a fifty-two week low of $1.95 and a fifty-two week high of $10.12. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. The business has a 50 day moving average price of $6.57 and a 200-day moving average price of $4.29.

Entravision Communications (NYSE:EVC) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $196.97 million during the quarter, compared to analyst estimates of $121.49 million. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.

Entravision Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Entravision Communications’s dividend payout ratio is -90.91%.

Institutional Trading of Entravision Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVC. MetLife Investment Management LLC lifted its stake in Entravision Communications by 35.7% in 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 period. AQR Capital Management LLC purchased a new stake in Entravision Communications in the first quarter worth $28,000. Goldman Sachs Group Inc. lifted its stake in Entravision Communications by 14.0% in the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock worth $1,251,000 after acquiring an additional 73,103 shares during the period. Empowered Funds LLC lifted its stake in Entravision Communications by 7.4% in the first quarter. Empowered Funds LLC now owns 470,465 shares of the company’s stock worth $988,000 after acquiring an additional 32,321 shares during the period. Finally, Jane Street Group LLC lifted its stake in Entravision Communications by 146.2% in the first quarter. Jane Street Group LLC now owns 38,070 shares of the company’s stock worth $80,000 after acquiring an additional 22,606 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Wall Street Analysts Forecast Growth

EVC has been the subject of a number of analyst reports. Wall Street Zen raised 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.