Entravision Communications (NYSE:EVC) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Entravision Communications Corporation (NYSE:EVC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.56 and traded as high as $3.20. Entravision Communications shares last traded at $3.1850, with a volume of 237,703 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Entravision Communications in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Entravision Communications Stock Performance

The firm has a market cap of $289.77 million, a PE ratio of -2.45 and a beta of 1.26. The business has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $2.56. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.95.

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

Entravision Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.3%. The ex-dividend date was Tuesday, December 16th. Entravision Communications’s dividend payout ratio is presently -15.38%.

Insider Buying and Selling

In other news, COO Liberman A. Jeffery sold 85,108 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $3.29, for a total transaction of $280,005.32. Following the sale, the chief operating officer owned 126,316 shares in the company, valued at approximately $415,579.64. The trade was a 40.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alexandra Seros sold 157,817 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $2.75, for a total transaction of $433,996.75. Following the completion of the transaction, the insider directly owned 11,162,326 shares of the company’s stock, valued at $30,696,396.50. The trade was a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 920,000 shares of company stock valued at $2,658,527 in the last three months. 8.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Entravision Communications by 86.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 54,726 shares of the company’s stock valued at $128,000 after acquiring an additional 25,311 shares during the period. Qube Research & Technologies Ltd lifted its position in Entravision Communications by 344.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 96,957 shares of the company’s stock worth $226,000 after acquiring an additional 75,143 shares during the period. Millennium Management LLC grew its stake in Entravision Communications by 35.2% during the 3rd quarter. Millennium Management LLC now owns 174,006 shares of the company’s stock valued at $405,000 after purchasing an additional 45,330 shares during the last quarter. Occudo Quantitative Strategies LP increased its holdings in shares of Entravision Communications by 49.6% in the third quarter. Occudo Quantitative Strategies LP now owns 24,322 shares of the company’s stock valued at $57,000 after purchasing an additional 8,063 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Entravision Communications by 29.0% in the third quarter. Two Sigma Investments LP now owns 214,577 shares of the company’s stock worth $500,000 after purchasing an additional 48,275 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

About Entravision Communications

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.