Victory Capital Management Inc. boosted its stake in shares of Entercom Communications Corp. (NYSE:ETM) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 87,645 shares of the company’s stock after buying an additional 295 shares during the period. Victory Capital Management Inc. owned about 0.22% of Entercom Communications Corp. worth $1,190,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Entercom Communications Corp. by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 4,278,892 shares of the company’s stock valued at $58,065,000 after buying an additional 228,451 shares during the last quarter. Phocas Financial Corp. boosted its position in shares of Entercom Communications Corp. by 45.9% in the first quarter. Phocas Financial Corp. now owns 532,656 shares of the company’s stock valued at $5,636,000 after buying an additional 167,456 shares during the last quarter. State Street Corp boosted its position in shares of Entercom Communications Corp. by 0.6% in the first quarter. State Street Corp now owns 390,319 shares of the company’s stock valued at $4,129,000 after buying an additional 2,163 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Entercom Communications Corp. by 30.9% in the second quarter. American Century Companies Inc. now owns 358,288 shares of the company’s stock valued at $4,862,000 after buying an additional 84,602 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of Entercom Communications Corp. by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 216,114 shares of the company’s stock valued at $2,933,000 after buying an additional 700 shares during the last quarter. 45.22% of the stock is currently owned by hedge funds and other institutional investors.

Entercom Communications Corp. (NYSE:ETM) traded down 0.31% on Wednesday, reaching $12.98. 17,691 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $13.77 and a 200-day moving average price of $12.66. Entercom Communications Corp. has a 1-year low of $8.88 and a 1-year high of $14.94. The company has a market capitalization of $527.01 million, a PE ratio of 13.97 and a beta of 1.62.

Entercom Communications Corp. (NYSE:ETM) last released its earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Entercom Communications Corp. had a return on equity of 9.41% and a net margin of 8.41%. The company earned $120.50 million during the quarter, compared to the consensus estimate of $119.12 million. During the same quarter last year, the company earned $0.17 earnings per share. Entercom Communications Corp.’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts anticipate that Entercom Communications Corp. will post $0.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Thursday, August 11th. Entercom Communications Corp.’s dividend payout ratio (DPR) is currently 32.97%.

ETM has been the topic of several recent research reports. Zacks Investment Research raised shares of Entercom Communications Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. TheStreet raised shares of Entercom Communications Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 28th.

About Entercom Communications Corp.

Entercom Communications Corp. is a radio broadcasting company. The Company has a portfolio of approximately 130 radio stations in over 30 markets across the United States. The Company operates through the radio broadcasting segment. The Company sells advertising time to local, regional and national advertisers and national network advertisers, engaged in purchasing spot commercials in varying lengths.

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