Insider Selling: Entravision Communications (NYSE:EVC) Major Shareholder Sells 378,050 Shares of Stock

Key Points

• Major shareholder Alexandra Seros sold 378,050 Entravision Communications shares on May 20 at an average price of $7.84, worth about $2.96 million. The filing noted her stake fell by 4.96% after the transaction.
• Seros has been actively selling shares across multiple trading days in mid-May, including several large transactions at prices ranging from about $6.73 to $9.17. These repeated sales suggest a sustained reduction in her position rather than a one-off trade.
• Entravision shares jumped to $9.54, near their 52-week high of $9.61, after the company reported quarterly EPS of $0.13, topping estimates, and revenue of $196.97 million, well above expectations. The company also declared a quarterly dividend of $0.05 per share.

Entravision Communications Corporation (NYSE:EVC - Get Free Report) major shareholder Alexandra Seros sold 378,050 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $7.84, for a total value of $2,963,912.00. Following the completion of the sale, the insider owned 7,251,130 shares in the company, valued at approximately $56,848,859.20. This represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Alexandra Seros also recently made the following trade(s):

• On Thursday, May 21st, Alexandra Seros sold 427,991 shares of Entravision Communications stock. The stock was sold at an average price of $9.17, for a total value of $3,924,677.47.
• On Tuesday, May 19th, Alexandra Seros sold 278,163 shares of Entravision Communications stock. The stock was sold at an average price of $7.80, for a total value of $2,169,671.40.
• On Monday, May 18th, Alexandra Seros sold 468,583 shares of Entravision Communications stock. The stock was sold at an average price of $7.99, for a total value of $3,743,978.17.
• On Friday, May 15th, Alexandra Seros sold 259,848 shares of Entravision Communications stock. The stock was sold at an average price of $8.05, for a total value of $2,091,776.40.
• On Thursday, May 14th, Alexandra Seros sold 338,976 shares of Entravision Communications stock. The stock was sold at an average price of $9.03, for a total value of $3,060,953.28.
• On Wednesday, May 13th, Alexandra Seros sold 685,111 shares of Entravision Communications stock. The stock was sold at an average price of $8.71, for a total value of $5,967,316.81.
• On Tuesday, May 12th, Alexandra Seros sold 160,282 shares of Entravision Communications stock. The stock was sold at an average price of $8.33, for a total value of $1,335,149.06.
• On Monday, May 11th, Alexandra Seros sold 323,939 shares of Entravision Communications stock. The shares were sold at an average price of $8.03, for a total value of $2,601,230.17.
• On Friday, May 8th, Alexandra Seros sold 498,913 shares of Entravision Communications stock. The shares were sold at an average price of $6.73, for a total value of $3,357,684.49.
• On Thursday, May 7th, Alexandra Seros sold 677,148 shares of Entravision Communications stock. The shares were sold at an average price of $6.97, for a total value of $4,719,721.56.

Entravision Communications Price Performance

NYSE:EVC traded up $1.33 during trading hours on Thursday, reaching $9.54. 4,825,621 shares of the company traded hands, compared to its average volume of 4,815,439. The firm's 50-day moving average is $4.45 and its 200-day moving average is $3.50. The stock has a market cap of $877.11 million, a P/E ratio of -43.35 and a beta of 1.36. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. Entravision Communications Corporation has a 1-year low of $1.85 and a 1-year high of $9.61.

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

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Entravision Communications's dividend payout ratio is presently -90.91%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Entravision Communications from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Entravision Communications in the 3rd quarter worth $27,000. AQR Capital Management LLC purchased a new position in shares of Entravision Communications in the 1st quarter worth $28,000. BNP Paribas Financial Markets raised its position 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 worth $29,000 after buying an additional 5,702 shares during the period. IMC Chicago LLC purchased a new position in shares of Entravision Communications in the 1st quarter worth $30,000. Finally, StoneX Group Inc. purchased a new position in shares of Entravision Communications in the 4th quarter worth $35,000. 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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