Entravision Communications (NYSE:EVC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Entravision Communications Corporation (NYSE:EVC)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.50 and traded as high as $3.04. Entravision Communications shares last traded at $2.9850, with a volume of 191,742 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Entravision Communications in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Entravision Communications Stock Down 2.1%

The firm’s fifty day simple moving average is $2.73 and its 200 day simple moving average is $2.50. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.95. The company has a market cap of $271.58 million, a price-to-earnings ratio of -2.30 and a beta of 1.24.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $120.63 million during the quarter. Entravision Communications had a negative net margin of 27.92% and a negative return on equity of 66.12%.

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 6.7%. Entravision Communications’s dividend payout ratio (DPR) is currently -15.38%.

Insider Transactions at Entravision Communications

In other news, COO Liberman A. Jeffery sold 20,153 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $3.15, for a total transaction of $63,481.95. Following the completion of the transaction, the chief operating officer directly owned 58,357 shares of the company’s stock, valued at approximately $183,824.55. This represents a 25.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 920,000 shares of company stock worth $2,658,527. 8.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Entravision Communications

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd boosted its holdings in Entravision Communications by 344.5% in the third quarter. Qube Research & Technologies Ltd now owns 96,957 shares of the company’s stock valued at $226,000 after purchasing an additional 75,143 shares in the last quarter. Millennium Management LLC raised its holdings in Entravision Communications by 35.2% during the third quarter. Millennium Management LLC now owns 174,006 shares of the company’s stock worth $405,000 after purchasing an additional 45,330 shares in the last quarter. Occudo Quantitative Strategies LP lifted its position in shares of Entravision Communications by 49.6% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock worth $57,000 after buying an additional 8,063 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Entravision Communications by 29.0% in the 3rd quarter. Two Sigma Investments LP now owns 214,577 shares of the company’s stock valued at $500,000 after buying an additional 48,275 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in shares of Entravision Communications by 3.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 998,610 shares of the company’s stock valued at $2,327,000 after buying an additional 35,391 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

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.