Entercom Communications Corp. (ETM) Stock Price Declines Today

August 11, 2017 - By Vivian Currie

Investors sentiment increased to 1.49 in Q4 2016. Its up 0.07, from 1.42 in 2016Q3. It improved, as 6 investors sold Entercom Communications Corp. shares while 29 reduced holdings. 12 funds opened positions while 40 raised stakes. 19.03 million shares or 6.04% more from 17.94 million shares in 2016Q3 were reported.
Barrow Hanley Mewhinney And Strauss Limited Liability Co holds 0.01% or 217,787 shares. The California-based Schwab Charles Inv has invested 0% in Entercom Communications Corp. (NYSE:ETM). Eqis Mgmt Inc accumulated 0.02% or 16,897 shares. 121,528 are held by Prudential Financial Inc. Connor Clark And Lunn Invest Limited has 10,350 shares. Clear Harbor Asset Management Limited Liability Co reported 68,039 shares. The California-based Clarivest Asset Ltd Liability has invested 0.13% in Entercom Communications Corp. (NYSE:ETM). Renaissance Technology Ltd invested in 0.01% or 211,133 shares. Oxford Asset Management accumulated 114,816 shares. First Quadrant L P Ca has invested 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Lsv Asset holds 0% or 84,232 shares in its portfolio. New York State Common Retirement Fund holds 0% or 62,429 shares. Blackrock Limited owns 74,492 shares for 0% of their portfolio. Credit Suisse Ag owns 31,418 shares. Arrowstreet Cap Partnership stated it has 0.01% in Entercom Communications Corp. (NYSE:ETM).

Since May 12, 2017, it had 6 insider purchases, and 0 sales for $5.76 million activity.

The stock of Entercom Communications Corp. (NYSE:ETM) is a huge mover today! About 368,556 shares traded. Entercom Communications Corp. (NYSE:ETM) has declined 15.65% since August 11, 2016 and is downtrending. It has underperformed by 32.35% the S&P500.
The move comes after 5 months negative chart setup for the $406.58M company. It was reported on Aug, 11 by Barchart.com. We have $9.58 PT which if reached, will make NYSE:ETM worth $16.26M less.

Entercom Communications Corp. (NYSE:ETM) Ratings Coverage

Among 3 analysts covering Entercom Communications (NYSE:ETM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Entercom Communications had 4 analyst reports since August 18, 2015 according to SRatingsIntel. Wells Fargo upgraded Entercom Communications Corp. (NYSE:ETM) on Tuesday, August 18 to “Outperform” rating. The company was maintained on Monday, July 24 by Noble Financial. The company was maintained on Monday, July 31 by Noble Financial. The stock has “Equal-Weight” rating by Stephens on Friday, December 11.

Entercom Communications Corp. is a radio broadcasting company. The company has market cap of $406.58 million. The Firm sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It has a 23.36 P/E ratio. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.

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