Nomura Holdings Inc. bought a new stake in Entercom Communications Corp. (NYSE:ETM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,095 shares of the company’s stock, valued at approximately $756,000. Nomura Holdings Inc. owned approximately 0.07% of Entercom Communications as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in shares of Entercom Communications by 3.9% in the first quarter. Swiss National Bank now owns 223,344 shares of the company’s stock valued at $2,155,000 after purchasing an additional 8,400 shares in the last quarter. Deltec Asset Management LLC lifted its holdings in shares of Entercom Communications by 40.0% in the first quarter. Deltec Asset Management LLC now owns 35,000 shares of the company’s stock valued at $338,000 after purchasing an additional 10,000 shares in the last quarter. NJ State Employees Deferred Compensation Plan lifted its holdings in shares of Entercom Communications by 25.0% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 50,000 shares of the company’s stock valued at $378,000 after purchasing an additional 10,000 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Entercom Communications by 32.1% in the first quarter. Suntrust Banks Inc. now owns 42,373 shares of the company’s stock valued at $407,000 after purchasing an additional 10,301 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of Entercom Communications by 21.3% in the second quarter. MetLife Investment Advisors LLC now owns 59,780 shares of the company’s stock valued at $451,000 after purchasing an additional 10,507 shares in the last quarter. Institutional investors own 85.59% of the company’s stock.

Shares of NYSE:ETM opened at $7.90 on Tuesday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 1.12. Entercom Communications Corp. has a 1 year low of $6.30 and a 1 year high of $12.43.

Entercom Communications (NYSE:ETM) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.40. Entercom Communications had a negative return on equity of 1.62% and a net margin of 21.63%. The business had revenue of $372.10 million during the quarter, compared to analyst estimates of $379.40 million. During the same period last year, the company earned $0.15 earnings per share. Entercom Communications’s quarterly revenue was up 197.7% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 24th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $0.36 annualized dividend and a dividend yield of 4.56%. Entercom Communications’s dividend payout ratio is -80.00%.

A number of analysts have recently issued reports on ETM shares. Zacks Investment Research upgraded Entercom Communications from a “strong sell” rating to a “buy” rating and set a $8.75 target price for the company in a report on Tuesday, July 10th. ValuEngine upgraded Entercom Communications from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Stephens reduced their target price on Entercom Communications from $12.00 to $8.00 and set a “hold” rating for the company in a report on Monday, June 4th.

Entercom Communications Company Profile

Entercom Communications Corp. operates as a radio broadcasting company in the United States. The company owns and operates radio stations in various formats, such as news, sports, talk, classic rock, urban, adult contemporary, alternative, country, and others. As of February 20, 2018, it had a portfolio of approximately 235 radio stations, digital platforms, and live events.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

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

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