Entercom Communications Corp Stock as Institutional Investors Enter

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Sentiment for Entercom Communications Corp (NYSE:ETM)

Entercom Communications Corp (NYSE:ETM) institutional sentiment increased to 1.79 in 2019 Q1. Its up 0.70, from 1.09 in 2018Q4. The ratio is better, as 93 investment managers opened new and increased equity positions, while 52 decreased and sold holdings in Entercom Communications Corp. The investment managers in our partner’s database now have: 109.13 million shares, down from 113.73 million shares in 2018Q4. Also, the number of investment managers holding Entercom Communications Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 42 Increased: 63 New Position: 30.

Entercom Communications Corp. operates as a radio broadcasting firm in the United States. The company has market cap of $843.25 million. The firm owns and operates radio stations in various formats, such as news, sports, talk, classic rock, urban, adult contemporary, alternative, country, and others. It currently has negative earnings. As of February 22, 2017, it had 126 stations in 28 markets.

The stock increased 1.50% or $0.09 during the last trading session, reaching $6.09. About 714,321 shares traded. Entercom Communications Corp. (NYSE:ETM) has declined 12.19% since July 14, 2018 and is downtrending. It has underperformed by 16.62% the S&P500.

Analysts await Entercom Communications Corp. (NYSE:ETM) to report earnings on August, 7 before the open. They expect $0.28 earnings per share, up 2,700.00 % or $0.27 from last year’s $0.01 per share. ETM’s profit will be $38.77M for 5.44 P/E if the $0.28 EPS becomes a reality. After $0.03 actual earnings per share reported by Entercom Communications Corp. for the previous quarter, Wall Street now forecasts 833.33 % EPS growth.

Sessa Capital Im L.P. holds 3.98% of its portfolio in Entercom Communications Corp. for 5.44 million shares. Mcclain Value Management Llc owns 460,276 shares or 3.31% of their US portfolio. Moreover, Venator Capital Management Ltd. has 2.45% invested in the company for 450,000 shares. The Pennsylvania-based Minerva Advisors Llc has invested 1.64% in the stock. Tensile Capital Management Llc, a California-based fund reported 1.91 million shares.

Since January 1, 0001, it had 8 insider purchases, and 0 insider sales for $11.74 million activity.

More notable recent Entercom Communications Corp. (NYSE:ETM) news were published by: Seekingalpha.com which released: “Entercom Communications Is A Buy – Seeking Alpha” on June 12, 2018, also Investorplace.com with their article: “7 Stocks That Insiders Are Buying – Investorplace.com” published on June 25, 2019, Seekingalpha.com published: “Entercom Communications: A Triple From Here – Seeking Alpha” on November 02, 2018. More interesting news about Entercom Communications Corp. (NYSE:ETM) were released by: Bizjournals.com and their article: “Entercom buying 3 East Coast stations, selling 3 in Indianapolis – Philadelphia Business Journal” published on February 14, 2019 as well as Seekingalpha.com‘s news article titled: “Insider Weekends: Trio Of AbbVie Insiders Buy Shares – Seeking Alpha” with publication date: July 01, 2019.

Entercom Communications Corp. (NYSE:ETM) Institutional Positions Chart

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