Entravision Communications (NYSE:EVC) Trading Down 6.2% - Time to Sell?

Key Points

• Entravision Communications shares fell 6.2% on Monday, trading as low as $10.70 amid lighter-than-normal volume. The stock recently closed at $11.76.
• Analyst sentiment remains cautious overall, with Weiss Ratings reiterating a sell rating even after Wall Street Zen upgraded the stock to buy. MarketBeat data shows an average rating of Sell.
• The company reported better-than-expected Q1 earnings, with EPS of $0.13 versus the $0.10 estimate and revenue of $196.97 million, but it also posted negative net margin and return on equity. Recent insider selling has been notable, with 4.8 million shares sold over the last 90 days.

Entravision Communications Corporation (NYSE:EVC - Get Free Report) dropped 6.2% on Monday . The company traded as low as $10.70 and last traded at $11.0350. 569,596 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 1,510,267 shares. The stock had previously closed at $11.76.

Analyst Ratings Changes

Several research firms have recently weighed in on EVC. Weiss Ratings restated a "sell (d-)" rating on shares of Entravision Communications in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Entravision Communications from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Entravision Communications Trading Down 6.3%

The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -50.07 and a beta of 1.69. The company has a fifty day moving average price of $9.65 and a 200-day moving average price of $5.43. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19.

Entravision Communications (NYSE:EVC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.The business had revenue of $196.97 million for the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $0.05 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Entravision Communications's dividend payout ratio (DPR) is currently -90.91%.

Insider Buying and Selling at Entravision Communications

In related news, Director Paul A. Zevnik sold 324,686 shares of the business's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.67, for a total value of $3,139,713.62. Following the sale, the director owned 2,107,582 shares of the company's stock, valued at $20,380,317.94. The trade was a 13.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alexandra Seros sold 685,111 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $8.71, for a total transaction of $5,967,316.81. Following the completion of the sale, the insider owned 8,974,750 shares in the company, valued at $78,170,072.50. This represents a 7.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,821,690 shares of company stock valued at $39,075,784. 8.54% of the stock is owned by company insiders.

Institutional Trading of Entravision Communications

Several large investors have recently made changes to their positions in the business. IMC Chicago LLC acquired a new stake in Entravision Communications in the first quarter worth about $30,000. Flower City Capital acquired a new position in Entravision Communications during the 2nd quarter valued at about $137,000. StoneX Group Inc. acquired a new position in Entravision Communications during the 4th quarter valued at about $35,000. BNP Paribas Financial Markets boosted its stake in shares of Entravision Communications by 86.4% in the 3rd 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. Finally, Vise Technologies Inc. bought a new position in shares of Entravision Communications in the 4th quarter valued at about $38,000. Institutional investors own 69.46% of the company's stock.

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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