American Century Companies Inc. decreased its holdings in Entercom Communications Corporation (NYSE:ETM) by 32.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,361 shares of the company’s stock after selling 72,616 shares during the period. American Century Companies Inc. owned about 0.46% of Entercom Communications Corporation worth $1,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ETM. Wells Fargo & Company MN raised its stake in Entercom Communications Corporation by 18.0% in the first quarter. Wells Fargo & Company MN now owns 40,325 shares of the company’s stock worth $577,000 after buying an additional 6,145 shares in the last quarter. LSV Asset Management raised its stake in Entercom Communications Corporation by 11.2% in the first quarter. LSV Asset Management now owns 93,632 shares of the company’s stock worth $1,338,000 after buying an additional 9,400 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Entercom Communications Corporation by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 319,511 shares of the company’s stock worth $4,569,000 after buying an additional 13,838 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Entercom Communications Corporation by 1,624.0% in the first quarter. BNP Paribas Arbitrage SA now owns 30,205 shares of the company’s stock worth $432,000 after buying an additional 28,453 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in Entercom Communications Corporation by 6.8% in the first quarter. Martingale Asset Management L P now owns 92,646 shares of the company’s stock worth $1,325,000 after buying an additional 5,904 shares in the last quarter. 55.56% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the stock. Noble Financial reissued a “buy” rating on shares of Entercom Communications Corporation in a research note on Monday, July 31st. BidaskClub raised shares of Entercom Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine lowered shares of Entercom Communications Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Entercom Communications Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.00.

Entercom Communications Corporation (NYSE ETM) opened at 10.50 on Friday. The firm has a 50-day moving average of $10.12 and a 200 day moving average of $11.33. The stock has a market capitalization of $427.97 million, a price-to-earnings ratio of 23.54 and a beta of 1.13. Entercom Communications Corporation has a 12-month low of $9.45 and a 12-month high of $16.55.

Entercom Communications Corporation (NYSE:ETM) last announced its quarterly earnings data on Friday, July 28th. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.07. Entercom Communications Corporation had a net margin of 4.27% and a return on equity of 8.50%. The business had revenue of $125.00 million for the quarter, compared to analyst estimates of $121.42 million. During the same period last year, the business earned $0.26 EPS. The company’s revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Entercom Communications Corporation will post $0.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 10.48%. Entercom Communications Corporation’s payout ratio is 66.67%.

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Entercom Communications Corporation Profile

Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.

Institutional Ownership by Quarter for Entercom Communications Corporation (NYSE:ETM)

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