Entravision Communications (NYSE:EVC) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Entravision Communications stock has crossed above its 200-day moving average, trading at $2.36 with a market cap of approximately $214.25 million.
• The company reported a net loss with a negative PE ratio of -1.78 and a net margin of -30.16% in its last quarterly earnings.
• Entravision recently announced a quarterly dividend of $0.05, equating to an annual yield of 8.5% for stockholders of record.

Entravision Communications Corporation (NYSE:EVC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.22 and traded as high as $2.41. Entravision Communications shares last traded at $2.36, with a volume of 126,074 shares trading hands.

Entravision Communications Trading Down 1.1%

The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.48 and a current ratio of 2.48. The company has a 50 day simple moving average of $2.44 and a two-hundred day simple moving average of $2.22. The firm has a market cap of $214.25 million, a PE ratio of -1.78 and a beta of 1.56.

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

Entravision Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.5%. Entravision Communications's dividend payout ratio is presently -15.15%.

Insider Activity at Entravision Communications

In other news, major shareholder Alexandra Seros sold 41,078 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $2.31, for a total value of $94,890.18. Following the sale, the insider owned 11,320,143 shares in the company, valued at $26,149,530.33. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 500,000 shares of company stock valued at $1,223,130 in the last quarter. 8.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entravision Communications

A number of large investors have recently bought and sold shares of EVC. Bank of America Corp DE raised its holdings in Entravision Communications by 11.0% in the 4th quarter. Bank of America Corp DE now owns 121,489 shares of the company's stock worth $286,000 after purchasing an additional 12,043 shares during the period. Millennium Management LLC raised its holdings in shares of Entravision Communications by 1,100.5% during the fourth quarter. Millennium Management LLC now owns 204,373 shares of the company's stock valued at $480,000 after acquiring an additional 187,349 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Entravision Communications by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 17,318 shares of the company's stock valued at $41,000 after acquiring an additional 5,699 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Entravision Communications by 49.5% during the fourth quarter. Two Sigma Advisers LP now owns 149,900 shares of the company's stock valued at $352,000 after acquiring an additional 49,600 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Entravision Communications by 120.0% during the fourth quarter. Two Sigma Investments LP now owns 142,113 shares of the company's stock valued at $334,000 after acquiring an additional 77,515 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

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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