Insider Selling: Entravision Communications (NYSE:EVC) COO Sells 39,238 Shares of Stock

by · The Cerbat Gem

Entravision Communications Corporation (NYSE:EVC – Get Free Report) COO Liberman Jeffery sold 39,238 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $2.67, for a total transaction of $104,765.46. Following the transaction, the chief operating officer owned 439,119 shares of the company’s stock, valued at approximately $1,172,447.73. The trade was a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Entravision Communications Stock Performance

NYSE EVC traded up $0.03 during midday trading on Tuesday, hitting $2.72. The company had a trading volume of 199,220 shares, compared to its average volume of 327,149. The firm has a fifty day simple moving average of $2.37 and a two-hundred day simple moving average of $2.33. Entravision Communications Corporation has a fifty-two week low of $1.58 and a fifty-two week high of $3.15. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.91. The stock has a market cap of $247.00 million, a price-to-earnings ratio of -2.06 and a beta of 1.63.

Entravision Communications (NYSE:EVC – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%. The company had revenue of $120.63 million for the quarter.

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.4%. Entravision Communications’s payout ratio is currently -15.38%.

Institutional Trading of Entravision Communications

Several hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd boosted its holdings in shares of Entravision Communications by 344.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 96,957 shares of the company’s stock worth $226,000 after acquiring an additional 75,143 shares in the last quarter. Millennium Management LLC boosted its stake in Entravision Communications by 35.2% in the third quarter. Millennium Management LLC now owns 174,006 shares of the company’s stock worth $405,000 after purchasing an additional 45,330 shares in the last quarter. Occudo Quantitative Strategies LP grew its holdings 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 worth $57,000 after purchasing an additional 8,063 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Entravision Communications by 29.0% in the third quarter. Two Sigma Investments LP now owns 214,577 shares of the company’s stock valued at $500,000 after buying an additional 48,275 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Entravision Communications by 3.7% in the third quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock valued at $2,327,000 after buying an additional 35,391 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Entravision Communications in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Read Our Latest Analysis on Entravision Communications

About Entravision Communications

(Get Free Report)

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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