Entravision Communications (NYSE:EVC) COO Sells $59,312.61 in Stock

by · The Markets Daily

Entravision Communications Corporation (NYSE:EVC – Get Free Report) COO Liberman Jeffery sold 21,259 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $2.79, for a total transaction of $59,312.61. Following the sale, the chief operating officer owned 319,929 shares in the company, valued at approximately $892,601.91. The trade was a 6.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Entravision Communications Price Performance

Shares of NYSE:EVC traded up $0.00 during midday trading on Thursday, reaching $2.79. 186,838 shares of the company were exchanged, compared to its average volume of 408,216. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.95. The stock has a market cap of $254.20 million, a PE ratio of -2.15 and a beta of 1.25. The business’s fifty day moving average is $2.42 and its two-hundred day moving average is $2.37. Entravision Communications Corporation has a one year low of $1.58 and a one year high of $3.15.

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

Entravision Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 7.2%. Entravision Communications’s dividend payout ratio (DPR) is presently -15.38%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Entravision Communications in the third quarter worth about $27,000. BNP Paribas Financial Markets raised its stake in shares of 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 acquiring an additional 5,702 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Entravision Communications during the 2nd quarter worth approximately $30,000. AQR Capital Management LLC purchased a new stake in Entravision Communications during the first quarter valued at approximately $28,000. Finally, Byrne Asset Management LLC acquired a new stake in Entravision Communications in the third quarter valued at approximately $33,000. 69.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Entravision Communications in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Report on EVC

About Entravision Communications

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Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.

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