Stephen F. Fisher Sells 10,000 Shares of Entercom Communications Corp. (ETM) Stock
Entercom Communications Corp. (NYSE:ETM) VP Stephen F. Fisher sold 10,000 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $15.16, for a total value of $151,600.00. Following the completion of the transaction, the vice president now directly owns 531,597 shares of the company’s stock, valued at $8,059,010.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Entercom Communications Corp. (NYSE:ETM) opened at 15.30 on Wednesday. The firm has a 50-day moving average price of $13.68 and a 200 day moving average price of $13.44. The stock has a market capitalization of $621.33 million, a PE ratio of 15.47 and a beta of 1.43. Entercom Communications Corp. has a one year low of $8.88 and a one year high of $15.75.
Entercom Communications Corp. (NYSE:ETM) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. Entercom Communications Corp. had a return on equity of 9.34% and a net margin of 8.96%. The firm had revenue of $120.50 million for the quarter, compared to the consensus estimate of $120.45 million. During the same period in the previous year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Entercom Communications Corp. will post $0.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, November 28th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.95%. Entercom Communications Corp.’s dividend payout ratio (DPR) is presently 30.61%.
Hedge funds have recently bought and sold shares of the stock. Hancock Holding Co. acquired a new stake in Entercom Communications Corp. during the third quarter worth $130,000. KCG Holdings Inc. acquired a new stake in Entercom Communications Corp. during the second quarter worth $138,000. First Trust Advisors LP increased its stake in Entercom Communications Corp. by 8.2% in the third quarter. First Trust Advisors LP now owns 13,800 shares of the company’s stock worth $179,000 after buying an additional 1,044 shares during the period. Eqis Capital Management Inc. increased its stake in Entercom Communications Corp. by 4.3% in the second quarter. Eqis Capital Management Inc. now owns 14,141 shares of the company’s stock worth $192,000 after buying an additional 580 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Entercom Communications Corp. by 37.4% in the second quarter. Alliancebernstein L.P. now owns 14,700 shares of the company’s stock worth $199,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 45.05% of the company’s stock.
Separately, Zacks Investment Research upgraded Entercom Communications Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th.
Entercom Communications Corp. Company Profile
Entercom Communications Corp. is a radio broadcasting company. The Company has a portfolio of approximately 130 radio stations in over 30 markets across the United States. The Company operates through the radio broadcasting segment. The Company sells advertising time to local, regional and national advertisers and national network advertisers, engaged in purchasing spot commercials in varying lengths.
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