Entravision Communications (NYSE:EVC) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Entravision Communications Corporation (NYSE:EVC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.68 and traded as high as $2.93. Entravision Communications shares last traded at $2.8750, with a volume of 147,100 shares changing hands.

Analyst Upgrades and Downgrades

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

Entravision Communications Stock Performance

The company has a debt-to-equity ratio of 1.95, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $261.57 million, a PE ratio of -2.21 and a beta of 1.30. The business has a fifty day simple moving average of $3.09 and a two-hundred day simple moving average of $2.68.

Insider Transactions at Entravision Communications

In other Entravision Communications news, COO Liberman A. Jeffery sold 85,108 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $3.29, for a total value of $280,005.32. Following the completion of the transaction, the chief operating officer directly 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 document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 420,000 shares of company stock valued at $1,252,276 in the last 90 days. 8.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after purchasing an additional 5,702 shares during the period. Rhumbline Advisers raised its position in Entravision Communications by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 91,341 shares of the company’s stock worth $212,000 after buying an additional 6,063 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Entravision Communications by 35.7% during the 1st quarter. MetLife Investment Management LLC now owns 26,568 shares of the company’s stock valued at $56,000 after acquiring an additional 6,991 shares during the period. HBK Sorce Advisory LLC lifted its stake in Entravision Communications by 45.6% during the 2nd quarter. HBK Sorce Advisory LLC now owns 23,341 shares of the company’s stock valued at $54,000 after acquiring an additional 7,314 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Entravision Communications by 78.5% in the 2nd 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. Hedge funds and other institutional investors 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.