Clear Harbor Asset Management LLC trimmed its holdings in Entercom Communications Corporation (NYSE:ETM) by 43.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,533 shares of the company’s stock after selling 12,095 shares during the period. Clear Harbor Asset Management LLC’s holdings in Entercom Communications Corporation were worth $178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in shares of Entercom Communications Corporation by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 109,658 shares of the company’s stock valued at $1,135,000 after purchasing an additional 627 shares in the last quarter. Good Life Advisors LLC raised its position in shares of Entercom Communications Corporation by 6.3% in the 2nd quarter. Good Life Advisors LLC now owns 14,290 shares of the company’s stock valued at $140,000 after purchasing an additional 842 shares in the last quarter. Bank of America Corp DE raised its position in shares of Entercom Communications Corporation by 1.3% in the 1st quarter. Bank of America Corp DE now owns 81,955 shares of the company’s stock valued at $1,172,000 after purchasing an additional 1,032 shares in the last quarter. Rhumbline Advisers raised its position in shares of Entercom Communications Corporation by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 34,558 shares of the company’s stock valued at $358,000 after purchasing an additional 1,047 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of Entercom Communications Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 15,990 shares of the company’s stock valued at $229,000 after purchasing an additional 1,065 shares in the last quarter. 55.68% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on ETM shares. BidaskClub raised Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Noble Financial reaffirmed a “buy” rating on shares of Entercom Communications Corporation in a research report on Monday, July 31st.

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Entercom Communications Corporation (NYSE:ETM) traded down 0.44% during midday trading on Friday, hitting $11.20. The company had a trading volume of 957,800 shares. Entercom Communications Corporation has a one year low of $9.45 and a one year high of $16.55. The company has a market cap of $456.50 million, a P/E ratio of 25.11 and a beta of 1.13. The company’s 50 day moving average is $11.30 and its 200-day moving average is $10.75.

Entercom Communications Corporation (NYSE:ETM) last released its earnings results on Friday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.07. The firm had revenue of $125.00 million for the quarter, compared to analyst estimates of $121.42 million. Entercom Communications Corporation had a return on equity of 8.50% and a net margin of 4.27%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. On average, equities analysts predict that Entercom Communications Corporation will post $0.91 EPS for the current year.

Entercom Communications Corporation 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.

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

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