Creative Planning Acquires 20,875 Shares of Entercom Communications Corp. (NYSE:ETM)

Creative Planning lifted its holdings in shares of Entercom Communications Corp. (NYSE:ETM) by 70.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,332 shares of the company’s stock after purchasing an additional 20,875 shares during the period. Creative Planning’s holdings in Entercom Communications were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ETM. SG Americas Securities LLC bought a new position in Entercom Communications in the third quarter valued at about $41,000. Abacus Planning Group Inc. bought a new position in Entercom Communications in the third quarter valued at about $67,000. WealthTrust Axiom LLC boosted its holdings in Entercom Communications by 27.5% in the third quarter. WealthTrust Axiom LLC now owns 23,158 shares of the company’s stock valued at $77,000 after acquiring an additional 5,000 shares during the last quarter. Smead Capital Management Inc. bought a new position in Entercom Communications in the fourth quarter valued at about $85,000. Finally, Alpine Global Management LLC bought a new position in Entercom Communications in the fourth quarter valued at about $144,000. Institutional investors own 71.99% of the company’s stock.

NYSE:ETM opened at $4.63 on Friday. Entercom Communications Corp. has a 1-year low of $2.94 and a 1-year high of $7.94. The business’s 50-day moving average price is $4.47 and its two-hundred day moving average price is $4.15. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $627.58 million, a price-to-earnings ratio of 5.36 and a beta of 1.44.

ETM has been the topic of several recent research reports. Zacks Investment Research cut Entercom Communications from a “buy” rating to a “hold” rating in a report on Tuesday, December 31st. ValuEngine upgraded Entercom Communications from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Entercom Communications has an average rating of “Hold” and a consensus price target of $4.67.

About Entercom Communications

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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