Entercom Communications Corp. (NYSE:ETM) shares dropped 4.5% during trading on Monday . The company traded as low as $13.86 and last traded at $13.95, with a volume of 66,901 shares trading hands. The stock had previously closed at $14.61.

ETM has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Entercom Communications Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. TheStreet upgraded shares of Entercom Communications Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 28th.

The stock has a market cap of $565.49 million and a price-to-earnings ratio of 14.99. The stock has a 50-day moving average price of $13.75 and a 200 day moving average price of $11.84.

Entercom Communications Corp. (NYSE:ETM) last announced its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm earned $120.50 million during the quarter, compared to analysts’ expectations of $119.12 million. Entercom Communications Corp.’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. Equities research analysts predict that Entercom Communications Corp. will post $0.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Monday, August 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.30 annualized dividend and a dividend yield of 2.15%.

In other news, CFO Stephen F. Fisher sold 20,000 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $11.99, for a total value of $239,800.00. Following the completion of the transaction, the chief financial officer now directly owns 541,597 shares in the company, valued at $6,493,748.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

An institutional investor recently raised its position in Entercom Communications Corp. stock. Dimensional Fund Advisors LP increased its position in shares of Entercom Communications Corp. (NYSE:ETM) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,307,288 shares of the company’s stock after buying an additional 85,627 shares during the period. Dimensional Fund Advisors LP owned approximately 3.29% of Entercom Communications Corp. worth $14,681,000 at the end of the most recent quarter.

Entercom Communications Corp. is a radio broadcasting company. The Company has a portfolio of approximately 130 radio stations in over 30 markets across the United States. The Company operates through the radio broadcasting segment. The Company sells advertising time to local, regional and national advertisers and national network advertisers, engaged in purchasing spot commercials in varying lengths.

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