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

Key Points

• Entravision’s shares crossed above their 200-day moving average of $7.67, reaching $7.86 before closing at $7.8250 on trading volume of about 1.33 million shares.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, and the stock has a consensus rating of “Sell.”
• The company reported quarterly earnings of $0.19 per share, exceeding the $0.10 consensus estimate, and declared a $0.05 quarterly dividend. Separately, a director sold 35,000 shares at an average price of $8.40.

Entravision Communications Corporation (NYSE:EVC - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.67 and traded as high as $7.86. Entravision Communications shares last traded at $7.8250, with a volume of 1,332,438 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Entravision Communications in a report on Monday, August 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Entravision Communications Stock Performance

The company's 50-day simple moving average is $9.52 and its 200-day simple moving average is $7.67. The stock has a market cap of $722.17 million, a price-to-earnings ratio of 783.28 and a beta of 1.67. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.64.

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

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. Entravision Communications's dividend payout ratio (DPR) is currently 2,000.00%.

Insider Buying and Selling at Entravision Communications

In other Entravision Communications news, Director Paul Zevnik sold 35,000 shares of Entravision Communications stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $8.40, for a total value of $294,000.00. Following the transaction, the director directly owned 36,100 shares of the company's stock, valued at $303,240. The trade was a 49.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.12% of the company's stock.

Institutional Trading of Entravision Communications

A number of hedge funds have recently bought and sold shares of the stock. Ratan Capital Management LP bought a new stake in shares of Entravision Communications in the second quarter valued at about $6,819,000. Flower City Capital bought a new stake in shares of Entravision Communications in the 2nd quarter worth approximately $137,000. Empowered Funds LLC grew its holdings in shares of Entravision Communications by 24.8% during the 1st quarter. Empowered Funds LLC now owns 568,569 shares of the company's stock worth $1,689,000 after purchasing an additional 113,013 shares in the last quarter. Rangeley Capital LLC increased its position in shares of Entravision Communications by 11.1% during the first quarter. Rangeley Capital LLC now owns 100,000 shares of the company's stock valued at $297,000 after purchasing an additional 10,000 shares during the period. Finally, Teton Advisors LLC increased its position in shares of Entravision Communications by 23.1% during the first quarter. Teton Advisors LLC now owns 80,000 shares of the company's stock valued at $238,000 after purchasing an additional 15,000 shares during the period. 69.46% of the stock is owned by institutional investors.

Entravision Communications Company Profile

Entravision Communications Corporation is a global advertising technology and media company headquartered in Santa Monica, California. The company provides digital advertising solutions, including programmatic mobile advertising through its Smadex platform, as well as services that help brands reach audiences across mobile, video, connected television, social media, audio and other digital channels.

Entravision also operates a Spanish-language media business in the United States, including television and radio assets serving Hispanic audiences.

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