Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 32,911 Shares

Key Points

• Alexandra Seros, a major shareholder of Entravision Communications, sold 32,911 shares at an average price of $2.48, totaling approximately $81,619.28, reducing her ownership to 11,444,105 shares.
• The company declared a quarterly dividend of $0.05 per share, set to be paid on September 30th, with a yield of 8.1%.
• Currently, over 69% of Entravision Communications' stock is held by institutional investors, indicating strong interest from large financial entities.

Entravision Communications Corporation (NYSE:EVC - Get Free Report) major shareholder Alexandra Seros sold 32,911 shares of Entravision Communications stock in a transaction on Monday, September 8th. The stock was sold at an average price of $2.48, for a total transaction of $81,619.28. Following the transaction, the insider directly owned 11,444,105 shares of the company's stock, valued at approximately $28,381,380.40. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Alexandra Seros also recently made the following trade(s):

• On Tuesday, September 9th, Alexandra Seros sold 24,359 shares of Entravision Communications stock. The shares were sold at an average price of $2.48, for a total transaction of $60,410.32.
• On Friday, September 5th, Alexandra Seros sold 22,157 shares of Entravision Communications stock. The shares were sold at an average price of $2.47, for a total transaction of $54,727.79.
• On Thursday, September 4th, Alexandra Seros sold 18,902 shares of Entravision Communications stock. The shares were sold at an average price of $2.47, for a total transaction of $46,687.94.
• On Wednesday, September 3rd, Alexandra Seros sold 20,588 shares of Entravision Communications stock. The shares were sold at an average price of $2.48, for a total transaction of $51,058.24.
• On Tuesday, September 2nd, Alexandra Seros sold 18,978 shares of Entravision Communications stock. The shares were sold at an average price of $2.52, for a total transaction of $47,824.56.
• On Friday, August 29th, Alexandra Seros sold 12,502 shares of Entravision Communications stock. The shares were sold at an average price of $2.58, for a total transaction of $32,255.16.
• On Thursday, August 28th, Alexandra Seros sold 31,660 shares of Entravision Communications stock. The shares were sold at an average price of $2.55, for a total transaction of $80,733.00.
• On Wednesday, August 27th, Alexandra Seros sold 53,046 shares of Entravision Communications stock. The shares were sold at an average price of $2.53, for a total transaction of $134,206.38.
• On Tuesday, August 26th, Alexandra Seros sold 29,648 shares of Entravision Communications stock. The shares were sold at an average price of $2.46, for a total transaction of $72,934.08.
• On Monday, August 25th, Alexandra Seros sold 18,097 shares of Entravision Communications stock. The shares were sold at an average price of $2.48, for a total transaction of $44,880.56.

Entravision Communications Price Performance

EVC stock traded down $0.02 during midday trading on Tuesday, reaching $2.48. The company had a trading volume of 138,202 shares, compared to its average volume of 279,761. The company has a market capitalization of $225.17 million, a price-to-earnings ratio of -1.87 and a beta of 1.56. The stock has a 50 day moving average price of $2.44 and a 200-day moving average price of $2.17. Entravision Communications Corporation has a 1-year low of $1.58 and a 1-year high of $2.73. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.48 and a quick ratio of 2.48.

Entravision Communications (NYSE:EVC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.04) EPS for the quarter. The company had revenue of $100.74 million during the quarter. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%.

Entravision Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 8.1%. Entravision Communications's dividend payout ratio is -15.15%.

Hedge Funds Weigh In On Entravision Communications

A number of large investors have recently modified their holdings of the company. ProShare Advisors LLC lifted its holdings in shares of Entravision Communications by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 17,318 shares of the company's stock worth $41,000 after purchasing an additional 5,699 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Entravision Communications by 11.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,128 shares of the company's stock worth $139,000 after purchasing an additional 5,931 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Entravision Communications by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 91,341 shares of the company's stock worth $212,000 after purchasing an additional 6,063 shares in the last quarter. Graham Capital Management L.P. lifted its holdings in shares of Entravision Communications by 56.9% in the 4th quarter. Graham Capital Management L.P. now owns 17,026 shares of the company's stock worth $40,000 after purchasing an additional 6,175 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings 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 in the last quarter. 69.46% of the stock is currently owned by institutional investors.

Entravision Communications Company Profile

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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