Weiss Ratings Reaffirms Sell (D-) Rating for Entravision Communications (NYSE:EVC)

Key Points

• Weiss Ratings has reaffirmed a sell (D-) rating for Entravision Communications, indicating a bearish outlook on the stock.
• Entravision reported a negative net margin of 30.16% and a negative return on equity of 51.15% for the last quarter, signaling financial challenges.
• Insider transactions revealed that major shareholder Alexandra Seros sold 41,078 shares, and insiders have sold a total of 500,000 shares in the last three months.

Entravision Communications (NYSE:EVC - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Entravision Communications Stock Up 1.6%

NYSE EVC opened at $2.28 on Wednesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.48 and a current ratio of 2.48. The firm has a 50-day simple moving average of $2.42 and a 200 day simple moving average of $2.22. Entravision Communications has a twelve month low of $1.58 and a twelve month high of $2.73. The stock has a market cap of $206.98 million, a PE ratio of -1.72 and a beta of 1.56.

Entravision Communications (NYSE:EVC - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.04) earnings per share for the quarter. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%. The company had revenue of $100.74 million during the quarter.

Insider Buying and Selling

In other Entravision Communications news, major shareholder Alexandra Seros sold 41,078 shares of Entravision Communications stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $2.31, for a total transaction of $94,890.18. Following the completion of the sale, the insider owned 11,320,143 shares of the company's stock, valued at approximately $26,149,530.33. The trade was a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 500,000 shares of company stock worth $1,223,130. 8.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Entravision Communications

Institutional investors have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC bought a new stake in Entravision Communications during the 2nd quarter worth about $30,000. AQR Capital Management LLC bought a new stake in shares of Entravision Communications during the 1st quarter worth approximately $28,000. Kingsview Wealth Management LLC bought a new stake in shares of Entravision Communications during the 1st quarter worth approximately $31,000. Occudo Quantitative Strategies LP bought a new position in Entravision Communications in the 2nd quarter valued at approximately $38,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Entravision Communications by 78.5% during the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company's stock valued at $40,000 after acquiring an additional 7,642 shares during the last quarter. 69.46% of the stock is owned by institutional investors.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.

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