Entravision Communications (NYSE:EVC) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Entravision Communications Corporation (NYSE:EVC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.62 and traded as high as $3.04. Entravision Communications shares last traded at $3.0250, with a volume of 234,453 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Entravision Communications in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Entravision Communications Price Performance

The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a fifty day simple moving average of $3.05 and a two-hundred day simple moving average of $2.62. The firm has a market cap of $275.21 million, a PE ratio of -2.33 and a beta of 1.26.

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

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Tuesday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -15.38%.

Insider Buying and Selling 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 shares were sold at an average price of $3.15, for a total transaction of $63,481.95. Following the sale, the chief operating officer directly owned 58,357 shares in the company, valued at approximately $183,824.55. This represents a 25.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 920,000 shares of company stock valued at $2,658,527. Insiders own 8.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its position in Entravision Communications by 10.7% during the second quarter. American Century Companies Inc. now owns 10,202,560 shares of the company’s stock valued at $23,670,000 after purchasing an additional 984,510 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Entravision Communications by 265.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 572,089 shares of the company’s stock worth $1,333,000 after purchasing an additional 415,348 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Entravision Communications by 344.5% during the 3rd 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 during the last quarter. Corsair Capital Management L.P. increased its position in shares of Entravision Communications by 285.4% during the 2nd quarter. Corsair Capital Management L.P. now owns 100,985 shares of the company’s stock valued at $234,000 after purchasing an additional 74,785 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Entravision Communications by 14.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company’s stock valued at $1,251,000 after buying an additional 73,103 shares during the period. 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.