Entravision Communications (NYSE:EVC) Director Paul Zevnik Sells 35,000 Shares

Key Points

• Director Paul Zevnik sold 35,000 Entravision shares at an average price of $8.40, totaling $294,000. The sale reduced his direct ownership by 49.23% to 36,100 shares.
• Entravision’s stock rose 0.4% to $8.44, while the company recently reported quarterly EPS of $0.19, exceeding the $0.10 analyst consensus, and revenue of $227.9 million.
• The company announced a quarterly dividend of $0.05 per share, equivalent to a 2.4% annualized yield. Despite increased institutional ownership, analysts’ average rating remains “Sell.”

Entravision Communications Corporation (NYSE:EVC - Get Free Report) Director Paul Zevnik sold 35,000 shares of Entravision Communications stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $8.40, for a total transaction of $294,000.00. Following the transaction, the director directly owned 36,100 shares of the company's stock, valued at approximately $303,240. This trade represents a 49.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Entravision Communications Stock Up 0.4%

EVC traded up $0.03 during midday trading on Friday, reaching $8.44. The company's stock had a trading volume of 912,529 shares, compared to its average volume of 1,536,486. The firm has a market capitalization of $778.93 million, a price-to-earnings ratio of 844.84 and a beta of 1.67. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. Entravision Communications Corporation has a 1 year low of $1.95 and a 1 year high of $13.74. The stock's 50-day moving average is $10.47 and its 200-day moving average is $7.30.

Entravision Communications (NYSE:EVC - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. Entravision Communications had a net margin of 0.62% and a return on equity of 6.98%. The firm had revenue of $227.90 million during the quarter, compared to analyst estimates of $121.49 million.

Entravision Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Entravision Communications's dividend payout ratio is currently 2,000.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EVC. Wall Street Zen upgraded shares of Entravision Communications from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Entravision Communications in a research note on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Institutional Investors Weigh In On Entravision Communications

Large investors have recently bought and sold shares of the business. Ratan Capital Management LP purchased a new position in Entravision Communications in the 2nd quarter worth about $6,819,000. Goldman Sachs Group Inc. boosted its holdings in shares of Entravision Communications by 59.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company's stock valued at $2,272,000 after acquiring an additional 289,451 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Entravision Communications in the fourth quarter worth approximately $521,000. Empowered Funds LLC grew its stake in shares of Entravision Communications by 24.8% in the first quarter. Empowered Funds LLC now owns 568,569 shares of the company's stock worth $1,689,000 after acquiring an additional 113,013 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Entravision Communications during the fourth quarter valued at approximately $311,000. 69.46% of the stock is currently owned by 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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