Creative Planning Increases Holdings in Entercom Communications Corp. (NYSE:ETM)

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Creative Planning lifted its position in Entercom Communications Corp. (NYSE:ETM) by 66.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,457 shares of the company’s stock after purchasing an additional 11,805 shares during the period. Creative Planning’s holdings in Entercom Communications were worth $98,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Anderson Fisher LLC purchased a new stake in shares of Entercom Communications in the second quarter valued at approximately $78,000. Man Group plc boosted its holdings in shares of Entercom Communications by 48.1% in the second quarter. Man Group plc now owns 15,400 shares of the company’s stock valued at $89,000 after purchasing an additional 5,000 shares during the period. Jane Street Group LLC purchased a new stake in shares of Entercom Communications in the second quarter valued at approximately $111,000. Evercore Wealth Management LLC boosted its holdings in shares of Entercom Communications by 20.4% in the second quarter. Evercore Wealth Management LLC now owns 29,500 shares of the company’s stock valued at $171,000 after purchasing an additional 5,000 shares during the period. Finally, Zebra Capital Management LLC purchased a new stake in shares of Entercom Communications in the second quarter valued at approximately $175,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Entercom Communications stock opened at $4.63 on Tuesday. The business has a fifty day moving average of $3.63 and a two-hundred day moving average of $4.79. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 1.45. The firm has a market cap of $666.90 million, a P/E ratio of 5.51 and a beta of 1.27. Entercom Communications Corp. has a twelve month low of $2.94 and a twelve month high of $7.94.

A number of brokerages recently issued reports on ETM. Zacks Investment Research upgraded Entercom Communications from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Saturday, November 2nd. ValuEngine upgraded Entercom Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Wells Fargo & Co began coverage on Entercom Communications in a report on Monday, September 23rd. They issued a “market perform” rating and a $4.00 price target for the company. Finally, B. Riley set a $6.00 price target on Entercom Communications and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $3.34.

Entercom Communications Profile

Entercom Communications Corp., a media and entertainment company, engages in radio broadcasting business in the United States. 3 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 11, 2019, it had a portfolio of approximately 235 radio stations, digital platforms, and live events.

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

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