Entravision Communications (NYSE:EVC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Entravision Communications Corporation (NYSE:EVC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.65 and traded as high as $3.10. Entravision Communications shares last traded at $3.04, with a volume of 213,036 shares traded.

Analyst Upgrades and Downgrades

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

Entravision Communications Trading Up 3.4%

The stock’s fifty day simple moving average is $3.08 and its 200-day simple moving average is $2.65. 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 firm has a market cap of $276.58 million, a PE ratio of -2.34 and a beta of 1.30.

Insider Activity

In related news, major shareholder Alexandra Seros sold 63,859 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $2.82, for a total value of $180,082.38. Following the transaction, the insider owned 10,857,122 shares in the company, valued at approximately $30,617,084.04. This represents a 0.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Liberman A. Jeffery sold 85,108 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $3.29, for a total transaction of $280,005.32. Following the transaction, the chief operating officer directly owned 126,316 shares of the company’s stock, valued at $415,579.64. This represents a 40.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 670,000 shares of company stock valued at $1,958,808. Company insiders own 8.54% of the company’s stock.

Institutional Trading of Entravision Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Entravision Communications during the third quarter worth $27,000. AQR Capital Management LLC acquired a new stake in Entravision Communications during the 1st quarter worth about $28,000. BNP Paribas Financial Markets grew its position in Entravision Communications by 86.4% during the 3rd 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. Fidelis Capital Partners LLC purchased a new position in shares of Entravision Communications during the 2nd quarter valued at about $30,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Entravision Communications in the 3rd quarter valued at about $33,000. 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.