Entravision Communications (NYSE:EVC) Shares Pass Above 200 Day Moving Average – Should You Sell?

Entravision Communications Corporation (NYSE:EVC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.70 and traded as high as $3.04. Entravision Communications shares last traded at $3.0230, with a volume of 155,729 shares.

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Entravision Communications Stock Up 0.8%

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 firm has a market cap of $275.03 million, a price-to-earnings ratio of -2.33 and a beta of 1.30. The firm’s 50 day simple moving average is $3.06 and its two-hundred day simple moving average is $2.70.

Insiders Place Their Bets

In other Entravision Communications news, COO Liberman A. Jeffery sold 20,153 shares of the business’s stock in a transaction on 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 owned 58,357 shares of the company’s stock, valued at approximately $183,824.55. The trade was a 25.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 315,528 shares of company stock valued at $967,495 in the last quarter. Company insiders own 8.34% of the company’s stock.

Institutional Investors Weigh In On Entravision Communications

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. grew its position in Entravision Communications by 10.7% during the 2nd quarter. American Century Companies Inc. now owns 10,202,560 shares of the company’s stock worth $23,670,000 after acquiring an additional 984,510 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Entravision Communications by 1.1% during the third quarter. Vanguard Group Inc. now owns 3,336,040 shares of the company’s stock valued at $7,773,000 after purchasing an additional 36,503 shares in the last quarter. State Street Corp grew its holdings in shares of Entravision Communications by 0.7% during the fourth quarter. State Street Corp now owns 1,413,637 shares of the company’s stock worth $4,142,000 after purchasing an additional 9,597 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Entravision Communications by 3.7% in the third 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 period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Entravision Communications by 59.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 775,566 shares of the company’s stock valued at $2,272,000 after buying an additional 289,451 shares during the period. Institutional investors and hedge funds 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.