The Morgan Stanley Has $1.75 Million Stake in Entercom Communications Corporation (ETM)

Previously Entercom Communications Corp (NYSE:ETM) reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02 with surprise factor of 9.1%. The company has built a highly consolidated portfolio of radio stations concentrated primarily in top 50 markets with above average growth characteristics. During the same period in the prior year, the company posted $0.27 earnings per share. analysts predict that Entercom Communications Corp. will post 0.93 EPS for the current fiscal year. About 795,579 shares traded or 14.47% up from the average. Vectrus, Inc. (NYSE:VEC) has risen 23.72% since February 4, 2017 and is uptrending. It has outperformed by 7.11% the S&P500. Entercom Communications Corp. (NYSE:ETM) presently has a 10 month price index of 0.78500. Following the purchase, the insider now owns 1,823,072 shares of the company's stock, valued at approximately $21,147,635.20.

Entercom Communications Corp. (ETM) is estimating to achieve earnings per share (EPS) growth of 25.50% for this year while EPS growth expected to touch 72.00% for next year.

Entercom Communications Corp (NYSE:ETM) as of current trade, has shown weekly performance of -10.36% which was maintained at -9.55% in one month period. It has underperformed by 32.35% the S&P500. The firm attains analyst recommendation of 2.00 on scale of 1-5 with week's performance of -3.65%. Therefore 42% are positive. Liberty Property Trust had 22 analyst reports since October 28, 2015 according to SRatingsIntel. The firm has "Buy" rating by Rodman & Renshaw given on Tuesday, February 16. ValuEngine downgraded Entercom Communications from a "buy" rating to a "hold" rating in a report on Sunday, December 31st. The stock of Vectrus, Inc. (NYSE:VEC) earned "Buy" rating by Drexel Hamilton on Thursday, May 11. The firm has "Buy" rating given on Friday, June 17 by Citigroup. On Monday, April 3 the stock rating was maintained by Jefferies with "Hold". (NYSE:OKE) has "Equal-Weight" rating given on Wednesday, July 5 by Morgan Stanley. The firm earned "Hold" rating on Monday, June 19 by RBC Capital Markets. As per Friday, November 20, the company rating was maintained by Mizuho. The 1 year EPS growth rate is 110.00%. (NYSE:ETM) for 3,294 shares.

Investors sentiment increased to 1.5 in 2017 Q3. Bank of Montreal Can boosted its holdings in Entercom Communications Corporation by 31,901.0% in the 1st quarter. It improved, as 15 investors sold ETM shares while 23 reduced holdings.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Gp, Pennsylvania-based fund reported 1.12 million shares. Hotchkis Wiley Mngmt Limited has 0% invested in Entercom Communications Corp. Huntington Bancorporation owns 1,131 shares or 0% of their USA portfolio. Mariner Wealth Advsr Lc invested 0.13% of its portfolio in ONEOK, Inc. (NYSE:ETM) for 120,000 shares. Bnp Paribas Arbitrage invested 0.04% of its portfolio in ONEOK, Inc. NYSE:ETM is -2.44798. This number is calculated by looking at the sum of the dividend yield plus percentage of sales repurchased and net debt repaid yield. Jpmorgan Chase & has 0.02% invested in Fiserv, Inc. (NYSE:OKE). Creative Planning has invested 0.05% in ONEOK, Inc.

Technical investors may be checking certain levels on Yonder And Beyond Group Limited (YNB.AX) shares. 928,335 were reported by Alps Advsrs. (NASDAQ:FISV) or 3,439 shares. Williams Jones & Associates Ltd Liability Com reported 34,600 shares. Boys Arnold And Inc reported 11,352 shares. Panagora Asset Management Inc owns 0% invested in Entercom Communications Corp. Gamco Invsts Et Al reported 130,700 shares or 0.01% of all its holdings.

The consensus recommendation, according to Zacks Investment research, is 1.67. Therefore 50% are positive. Entercom Communications had 5 analyst reports since August 18, 2015 according to SRatingsIntel. With that said, researchers took a deep dive into the hotly debated question: is it too late to buy Entercom Communications Corp. Noble Financial reaffirmed a "buy" rating on shares of Entercom Communications in a research report on Monday, November 27th.

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