The Chairman Emeritus of Entercom Communications (NYSE: ETM) is Buying Shares

By Carrie Williams

Today, the Chairman Emeritus of Entercom Communications (NYSE: ETM), Joseph Field, bought shares of ETM for $4.96M.

Following this transaction Joseph Field’s holding in the company was increased by 10.82% to a total of $54.95 million.

Based on Entercom Communications’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $247 million and quarterly net profit of $233 million. In comparison, last year the company earned revenue of $123 million and had a net profit of $11.4 million. ETM’s market cap is $405.4M and the company has a P/E ratio of 3.82. The company has a one-year high of $14.26 and a one-year low of $9.26.

Starting in July 2017, ETM received 4 Buy ratings in a row.

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Entercom Communications Corp. operates as a radio broadcasting company with a portfolio of radio stations in top markets across the United States. It focuses on creating marketing solutions that incorporate the company’s audio, digital, and experiential assets. The company was founded by Joseph M. Field in 1968 and is headquartered in Bala Cynwyd, PA.