Good Life Advisors LLC boosted its stake in shares of Entercom Communications Corporation (NYSE:ETM) by 6.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,290 shares of the company’s stock after buying an additional 842 shares during the period. Good Life Advisors LLC’s holdings in Entercom Communications Corporation were worth $140,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Aperio Group LLC purchased a new position in Entercom Communications Corporation during the second quarter valued at about $134,000. Bowling Portfolio Management LLC purchased a new position in Entercom Communications Corporation during the first quarter valued at about $193,000. American International Group Inc. boosted its position in Entercom Communications Corporation by 7.1% in the first quarter. American International Group Inc. now owns 15,990 shares of the company’s stock valued at $229,000 after buying an additional 1,065 shares in the last quarter. Verity Asset Management Inc. purchased a new position in Entercom Communications Corporation during the first quarter valued at about $231,000. Finally, Spark Investment Management LLC purchased a new position in Entercom Communications Corporation during the first quarter valued at about $270,000. Institutional investors and hedge funds own 55.56% of the company’s stock.

Entercom Communications Corporation (NYSE ETM) opened at 10.20 on Thursday. The firm has a 50-day moving average price of $9.89 and a 200 day moving average price of $11.83. The firm has a market cap of $415.74 million, a price-to-earnings ratio of 22.87 and a beta of 1.17. Entercom Communications Corporation has a 1-year low of $9.45 and a 1-year high of $16.55.

Entercom Communications Corporation (NYSE:ETM) last posted its quarterly earnings data on Friday, July 28th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. The firm had revenue of $125 million during the quarter, compared to analyst estimates of $121.42 million. Entercom Communications Corporation had a return on equity of 8.50% and a net margin of 4.27%. Entercom Communications Corporation’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. Equities analysts predict that Entercom Communications Corporation will post $0.91 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 15th were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, August 11th. Entercom Communications Corporation’s dividend payout ratio is currently 66.67%.

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ETM has been the topic of several analyst reports. BidaskClub raised Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Noble Financial reissued a “buy” rating on shares of Entercom Communications Corporation in a research note on Monday, July 31st. Zacks Investment Research raised Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. ValuEngine lowered Entercom Communications Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet lowered Entercom Communications Corporation from a “b” rating to a “c” rating in a research note on Monday, May 8th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Entercom Communications Corporation has a consensus rating of “Hold” and an average price target of $18.00.

In other news, Chairman Joseph M. Field bought 4,793 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was bought at an average price of $9.95 per share, with a total value of $47,690.35. Following the acquisition, the chairman now owns 1,006,844 shares of the company’s stock, valued at approximately $10,018,097.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 8,021 shares of company stock valued at $79,809 in the last ninety days. 32.57% of the stock is currently owned by insiders.

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

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