The COB, Pres & CEO of Entercom Communications is Exercising Options

By Carrie Williams

Today it was reported that the COB, Pres & CEO of Entercom Communications (ETMResearch Report), David Field, exercised options to buy 140,000 ETM shares at $1.34 a share, for a total transaction value of $187.6K. The options were close to expired and David Field retained stocks.

This recent transaction increases David Field’s holding in the company by 4.52% to a total of $24.64 million. In addition to David Field, one other ETM executive reported Buy trades in the last month.

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Based on Entercom Communications’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $379 million and quarterly net profit of $36.95 million. In comparison, last year the company earned revenue of $247 million and had a net profit of $233 million. ETM’s market cap is $1.01B and the company has a P/E ratio of 2.55. Currently, Entercom Communications has an average volume of 823.6K.

The insider sentiment on Entercom Communications has been positive according to 59 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.