Entercom Communications Corp. (NYSE:ETM) insider Eugene D. Levin sold 1,750 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $12.21, for a total transaction of $21,367.50. Following the sale, the insider now owns 80,646 shares in the company, valued at $984,687.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Entercom Communications Corp. (NYSE ETM) traded down $0.50 during mid-day trading on Thursday, reaching $11.60. 6,317,332 shares of the company’s stock traded hands, compared to its average volume of 1,180,990. 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 Corp. has a 12-month low of $9.45 and a 12-month high of $16.55. The firm has a market cap of $1,600.00, a price-to-earnings ratio of 15.06, a P/E/G ratio of 13.26 and a beta of 1.09.

Entercom Communications (NYSE:ETM) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $120.76 million. During the same period in the previous year, the business earned $0.27 EPS. The company’s revenue was up .6% compared to the same quarter last year. equities analysts expect that Entercom Communications Corp. will post 0.46 earnings per share for the current fiscal year.

Entercom Communications announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 2nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 22.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.36 annualized dividend and a yield of 3.10%. Entercom Communications’s payout ratio is currently 144.00%.

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Entercom Communications by 7.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,399,135 shares of the company’s stock valued at $45,531,000 after buying an additional 287,581 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Entercom Communications by 13.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,856,433 shares of the company’s stock valued at $26,546,000 after buying an additional 218,213 shares during the last quarter. Northern Trust Corp increased its stake in Entercom Communications by 35.5% in the 2nd quarter. Northern Trust Corp now owns 1,465,228 shares of the company’s stock valued at $15,165,000 after buying an additional 383,788 shares during the last quarter. 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. Finally, Vanguard Group Inc. increased its stake in Entercom Communications by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,070,924 shares of the company’s stock valued at $11,083,000 after buying an additional 47,449 shares during the last quarter. Hedge funds and other institutional investors own 65.87% of the company’s stock.

A number of equities research analysts recently commented on ETM shares. BidaskClub upgraded shares of Entercom Communications from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Noble Financial reiterated a “buy” rating on shares of Entercom Communications in a research note on Monday.

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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.

Insider Buying and Selling by Quarter for Entercom Communications (NYSE:ETM)

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