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

Key Points

• Entravision's share price crossed above its 200-day moving average of $2.84, trading as high as $3.33 and last at $3.2740 on volume of about 391,988 shares.
• Despite the technical move, Wall Street consensus is a Sell, with Weiss Ratings reiterating a "sell (d)" rating.
• The company pays a quarterly dividend of $0.05 (annualized $0.20) for a 6.1% yield

Entravision Communications Corporation (NYSE:EVC - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.84 and traded as high as $3.33. Entravision Communications shares last traded at $3.2740, with a volume of 391,988 shares traded.

Wall Street Analysts Forecast Growth

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

Entravision Communications Stock Up 2.0%

The firm has a 50-day moving average of $3.04 and a two-hundred day moving average of $2.84. The stock has a market capitalization of $301.08 million, a price-to-earnings ratio of -3.72 and a beta of 1.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.65.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Entravision Communications's dividend payout ratio is -22.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted 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 worth $56,000 after buying an additional 6,991 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Entravision Communications during the 1st quarter valued at $28,000. Goldman Sachs Group Inc. grew its holdings in shares of Entravision Communications by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company's stock valued at $1,251,000 after acquiring an additional 73,103 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Entravision Communications by 7.4% in the first quarter. Empowered Funds LLC now owns 470,465 shares of the company's stock worth $988,000 after acquiring an additional 32,321 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Entravision Communications by 146.2% during the first quarter. Jane Street Group LLC now owns 38,070 shares of the company's stock worth $80,000 after acquiring an additional 22,606 shares in the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Entravision Communications Company Profile

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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