ValuEngine lowered shares of Entercom Communications (NYSE:ETM) from a buy rating to a hold rating in a report published on Sunday.

Separately, Noble Financial reaffirmed a buy rating on shares of Entercom Communications in a research note on Monday, November 27th.

Entercom Communications (ETM) opened at $10.80 on Friday. Entercom Communications has a 52 week low of $9.45 and a 52 week high of $16.55. The stock has a market cap of $439.87, a P/E ratio of 41.54, a price-to-earnings-growth ratio of 5.81 and a beta of 1.10. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.23.

Entercom Communications (NYSE:ETM) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Entercom Communications had a net margin of 2.69% and a return on equity of 8.67%. The firm had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $120.76 million. During the same period last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. equities research analysts predict that Entercom Communications will post 0.93 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.09 per share. The ex-dividend date was Monday, November 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.33%. Entercom Communications’s dividend payout ratio is 138.46%.

Entercom Communications declared that its Board of Directors has authorized a share repurchase program on Thursday, November 2nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 22.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

In related news, insider David J. Field acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of $11.60 per share, for a total transaction of $290,000.00. Following the completion of the acquisition, the insider now directly owns 1,823,072 shares in the company, valued at approximately $21,147,635.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joseph M. Field acquired 180,282 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average price of $11.72 per share, for a total transaction of $2,112,905.04. Following the completion of the acquisition, the chairman now owns 3,529,177 shares of the company’s stock, valued at $41,361,954.44. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 423,444 shares of company stock worth $4,978,398. Insiders own 32.57% of the company’s stock.

Several large investors have recently modified their holdings of ETM. GSA Capital Partners LLP acquired a new stake in Entercom Communications in the 3rd quarter valued at $590,000. Gruss Capital Management LP increased its stake in Entercom Communications by 661.7% in the 3rd quarter. Gruss Capital Management LP now owns 1,409,235 shares of the company’s stock valued at $16,136,000 after buying an additional 1,224,235 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Entercom Communications by 7.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 160,044 shares of the company’s stock valued at $1,833,000 after buying an additional 10,705 shares during the last quarter. WS Management Lllp acquired a new stake in Entercom Communications in the 3rd quarter valued at $8,600,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Entercom Communications in the 3rd quarter valued at $186,000. Institutional investors and hedge funds own 65.75% of the company’s stock.

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Entercom Communications Company 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.

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