Northern Trust Corp Purchases 383,788 Shares of Entercom Communications Corporation (ETM)

Northern Trust Corp raised its position in Entercom Communications Corporation (NYSE:ETM) by 35.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,465,228 shares of the company’s stock after acquiring an additional 383,788 shares during the quarter. Northern Trust Corp owned approximately 4.37% of Entercom Communications Corporation worth $15,165,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ETM. Ativo Capital Management LLC raised its stake in shares of Entercom Communications Corporation by 7.4% in the second quarter. Ativo Capital Management LLC now owns 98,730 shares of the company’s stock worth $1,022,000 after buying an additional 6,805 shares during the period. Columbia Partners L L C Investment Management raised its stake in shares of Entercom Communications Corporation by 57.0% in the second quarter. Columbia Partners L L C Investment Management now owns 130,931 shares of the company’s stock worth $1,355,000 after buying an additional 47,550 shares during the period. Verity Asset Management Inc. raised its stake in shares of Entercom Communications Corporation by 45.6% in the second quarter. Verity Asset Management Inc. now owns 23,530 shares of the company’s stock worth $244,000 after buying an additional 7,374 shares during the period. Teachers Advisors LLC raised its stake in shares of Entercom Communications Corporation by 10.7% in the second quarter. Teachers Advisors LLC now owns 67,407 shares of the company’s stock worth $698,000 after buying an additional 6,520 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Entercom Communications Corporation by 63.0% in the second quarter. Alliancebernstein L.P. now owns 28,200 shares of the company’s stock worth $292,000 after buying an additional 10,900 shares during the period. 55.62% of the stock is currently owned by institutional investors.

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Several research firms have recently commented on ETM. Noble Financial reaffirmed a “buy” rating on shares of Entercom Communications Corporation in a research note on Monday, July 31st. BidaskClub raised Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th.

Entercom Communications Corporation (NYSE:ETM) opened at 11.05 on Wednesday. The company has a market cap of $450.39 million, a P/E ratio of 24.78 and a beta of 1.13. The stock has a 50 day moving average price of $11.39 and a 200 day moving average price of $10.68. Entercom Communications Corporation has a 1-year low of $9.45 and a 1-year high of $16.55.

About Entercom Communications Corporation

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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