Entravision Communications (NYSE:EVC) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Technical: Entravision's shares crossed above their 200-day moving average of $2.72, trading as high as $3.12 and last at $3.02 on volume of 326,613 shares, though the stock was down about 2.6% on the day.
• Fundamentals & sentiment: The company reported a (-$0.20) EPS with a -27.92% net margin, carries a $274.8M market cap and a consensus Sell rating, while insiders have been net sellers (COO sold 85,108 shares; 220,000 sold in the last 90 days).

Entravision Communications Corporation (NYSE:EVC - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.72 and traded as high as $3.12. Entravision Communications shares last traded at $3.02, with a volume of 326,613 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Entravision Communications in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".

Entravision Communications Stock Down 2.6%

The company has a market cap of $274.76 million, a P/E ratio of -2.32 and a beta of 1.30. 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 business's 50 day moving average price is $3.06 and its 200-day moving average price is $2.72.

Entravision Communications (NYSE:EVC - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $134.38 million during the quarter. Entravision Communications had a negative net margin of 27.92% and a negative return on equity of 66.12%.

Insider Transactions at Entravision Communications

In other Entravision Communications news, COO Liberman A. Jeffery sold 85,108 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $3.29, for a total transaction of $280,005.32. Following the sale, the chief operating officer owned 126,316 shares of the company's stock, valued at $415,579.64. This represents a 40.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 220,000 shares of company stock worth $701,184. 8.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entravision Communications

A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in shares of Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company's stock valued at $29,000 after purchasing an additional 5,702 shares during the last quarter. Rhumbline Advisers lifted its holdings in Entravision Communications by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 91,341 shares of the company's stock worth $212,000 after buying an additional 6,063 shares in the last quarter. MetLife Investment Management LLC boosted its position in Entravision Communications by 35.7% in the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company's stock valued at $56,000 after buying an additional 6,991 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Entravision Communications by 78.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company's stock valued at $40,000 after buying an additional 7,642 shares during the period. Finally, R Squared Ltd increased its stake in shares of Entravision Communications by 40.6% in the 3rd quarter. R Squared Ltd now owns 26,963 shares of the company's stock valued at $63,000 after buying an additional 7,784 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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