Simon G. Kukes Buys 148,214 Shares of Entravision Communication (NYSE:EVC) Stock

Entravision Communication (NYSE:EVC) CEO Simon G. Kukes acquired 148,214 shares of Entravision Communication stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of $1.55 per share, with a total value of $229,731.70.

EVC stock traded down $0.04 during midday trading on Wednesday, reaching $2.70. 28,971 shares of the company were exchanged, compared to its average volume of 256,088. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.10 and a quick ratio of 4.10. The business has a 50-day moving average price of $2.74 and a two-hundred day moving average price of $2.99. Entravision Communication has a one year low of $2.41 and a one year high of $4.10. The firm has a market capitalization of $231.67 million, a price-to-earnings ratio of 20.77 and a beta of 1.07.

Entravision Communication (NYSE:EVC) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.19). Entravision Communication had a positive return on equity of 0.13% and a negative net margin of 7.08%. The company had revenue of $68.82 million for the quarter, compared to the consensus estimate of $70.30 million. As a group, analysts anticipate that Entravision Communication will post 0.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.20 dividend on an annualized basis and a yield of 7.41%. Entravision Communication’s dividend payout ratio (DPR) is 153.85%.

EVC has been the subject of a number of research analyst reports. ValuEngine cut shares of Entravision Communication from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of Entravision Communication from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Thursday, October 31st. Finally, Noble Financial set a $6.00 price objective on shares of Entravision Communication and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

Institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co bought a new stake in shares of Entravision Communication in the second quarter valued at about $40,000. Jane Street Group LLC bought a new stake in shares of Entravision Communication in the second quarter valued at about $52,000. Metropolitan Life Insurance Co NY bought a new stake in shares of Entravision Communication in the first quarter valued at about $60,000. Susquehanna International Group LLP bought a new stake in shares of Entravision Communication in the second quarter valued at about $74,000. Finally, Jefferies Group LLC boosted its position in shares of Entravision Communication by 147.1% in the second quarter. Jefferies Group LLC now owns 26,120 shares of the company’s stock valued at $81,000 after acquiring an additional 15,549 shares during the period. 58.65% of the stock is owned by institutional investors.

Entravision Communication Company Profile

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

Further Reading: Price-Sales Ratio

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