Market News

As Entercom Communications (ETM) Market Value Declined, Gruss Capital Management LP Cut by $2.48 Million Its Position; Appleinc. (AAPL) Shareholder Fayez Sarofim & Company Has Cut Holding as Valuation Rose

Entercom Communications Corp. (NYSE:ETM) Logo

Fayez Sarofim & Company decreased its stake in Appleinc. (AAPL) by 1.25% based on its latest 2018Q1 regulatory filing with the SEC. Fayez Sarofim & Company sold 62,960 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 4.96M shares of the computer manufacturing company at the end of 2018Q1, valued at $832.32 million, down from 5.02 million at the end of the previous reported quarter. Fayez Sarofim & Company who had been investing in Appleinc. for a number of months, seems to be less bullish one the $937.32 billion market cap company. The stock decreased 0.82% or $1.58 during the last trading session, reaching $190.7. About 18.00M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since June 14, 2017 and is uptrending. It has outperformed by 9.99% the S&P500. Some Historical AAPL News: 30/04/2018 – New York Post: Apple is rumored to be interested in Condé Nast; 17/04/2018 – National Post: Apple planning a news subscription service similar to Apple Music; 23/03/2018 – The research center previously created Apple’s Siri and the core technology used by Intuitive Surgical in their da Vinci systems; 07/05/2018 – IPhone assembler Pegatron enters India with non-Apple products; 10/04/2018 – Business Insider: Apple says all of its worldwide facilities are now 100 percent powered by clean energy; 14/03/2018 – Hometown Source: Big Apple Bagel to honor local heroes; 18/04/2018 – Globe Technology: Apple planning to incorporate Texture into premium Apple News service; 03/04/2018 – Apple is looking at making its own chips for Mac computers which hit European chipmakers; 14/03/2018 – Google, Apple face EU law on business practices; 17/04/2018 – Tech giants remain most crowded trade for third month running – BAML survey

Howard Guberman decreased its stake in Entercom Communications Corp (ETM) by 18.03% based on its latest 2018Q1 regulatory filing with the SEC. Gruss Capital Management Lp sold 275,000 shares as the company’s stock declined 31.43% with the market. The hedge fund run by Howard Guberman held 1.25M shares of the broadcasting company at the end of 2018Q1, valued at $12.06M, down from 1.53 million at the end of the previous reported quarter. Gruss Capital Management Lp who had been investing in Entercom Communications Corp for a number of months, seems to be less bullish one the $1.04B market cap company. The stock increased 1.38% or $0.1 during the last trading session, reaching $7.35. About 2.99 million shares traded or 30.45% up from the average. Entercom Communications Corp. (NYSE:ETM) has declined 25.81% since June 14, 2017 and is downtrending. It has underperformed by 38.38% the S&P500. Some Historical ETM News: 08/05/2018 – Entercom 1Q Loss/Shr 10c; 08/05/2018 – Entercom 1Q Adj EPS 0c; 16/03/2018 – E.W. Scripps activist campaign could add independent pressure on family –; 08/03/2018 Entercom 4Q Rev $246.6M; 26/04/2018 – ENTERCOM COMMUNICATIONS CORP ETM.N -NBC 5 DALLAS-FORT WORTH, TELEMUNDO 39 AND ENTERCOM ANNOUNCE MULTI-YEAR MEDIA PARTNERSHIP; 08/03/2018 – Correct: Entercom 4Q EPS $2.58; 03/05/2018 – United States Traffic Network Signs New Agreement with Entercom Communications Corp; 03/05/2018 – UNITED STATES TRAFFIC NETWORK – FURTHER TERMS OF TRANSACTION WERE NOT DISCLOSED; 26/04/2018 – NBC 5 Dallas-Fort Worth, Telemundo 39 And Entercom Announce Multi-Year Media Partnership; 08/05/2018 – ENTERCOM COMMUNICATIONS CORP – ANNOUNCED LAUNCH OF ENTERCOM AUDIO NETWORK

Since March 9, 2018, it had 15 insider purchases, and 1 insider sale for $34.70 million activity. On Wednesday, May 16 the insider Philips Robert E bought $50,009. $658,745 worth of Entercom Communications Corp. (NYSE:ETM) shares were sold by Levin Eugene D.

Gruss Capital Management Lp, which manages about $3.35 billion and $1.00 billion US Long portfolio, upped its stake in Spdr Series Trust (Call) (XHB) by 199,000 shares to 1.20M shares, valued at $48.91 million in 2018Q1, according to the filing.

More news for Entercom Communications Corp. (NYSE:ETM) were recently published by: Seekingalpha.com, which released: “Entercom Communications Is A Buy” on June 12, 2018. Globenewswire.com‘s article titled: “Research Report Identifies Avangrid, Entercom Communications, Kennedy-Wilson, Emerson Electric, Amgen, and vTv …” and published on June 12, 2018 is yet another important article.

Analysts await Entercom Communications Corp. (NYSE:ETM) to report earnings on July, 27. They expect $0.27 earnings per share, up 22.73% or $0.05 from last year’s $0.22 per share. ETM’s profit will be $38.13M for 6.81 P/E if the $0.27 EPS becomes a reality. After $-0.10 actual earnings per share reported by Entercom Communications Corp. for the previous quarter, Wall Street now forecasts -370.00% EPS growth.

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 7.18, from 7.95 in 2017Q4. It dropped, as 37 investors sold ETM shares while 55 reduced holdings. 20 funds opened positions while 51 raised stakes. 115.14 million shares or 48.20% less from 222.30 million shares in 2017Q4 were reported. Renaissance Tech Ltd Liability Com holds 863,400 shares or 0.01% of its portfolio. Tower Capital (Trc) invested in 0.01% or 9,468 shares. Hotchkis And Wiley Capital has 150,615 shares. New York-based Harber Asset Mngmt Limited Liability Co has invested 2.46% in Entercom Communications Corp. (NYSE:ETM). Williams Jones & Ltd invested in 0.09% or 396,289 shares. Amer Intll Grp Inc holds 81,084 shares. Guggenheim Cap Ltd Limited Liability Company owns 210,773 shares. Boothbay Fund Management Llc has invested 0.03% of its portfolio in Entercom Communications Corp. (NYSE:ETM). California Public Employees Retirement stated it has 0.01% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Illinois-based Fairpointe Capital Limited has invested 0.02% in Entercom Communications Corp. (NYSE:ETM). Fuller & Thaler Asset Management stated it has 193,693 shares. Signaturefd invested in 440 shares or 0% of the stock. State Common Retirement Fund holds 167,833 shares. Citadel Advisors Ltd Llc owns 566,774 shares. Columbia L L C Invest Mgmt owns 0.22% invested in Entercom Communications Corp. (NYSE:ETM) for 177,497 shares.

Among 3 analysts covering Entercom Communications (NYSE:ETM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Entercom Communications had 6 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was maintained by Noble Financial on Monday, July 24 with “Buy”. The rating was initiated by Stephens on Friday, December 11 with “Equal-Weight”. The firm has “Buy” rating given on Monday, November 27 by Noble Financial. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, August 18 report. On Monday, July 31 the stock rating was maintained by Noble Financial with “Buy”.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 36 have Buy rating, 1 Sell and 19 Hold. Therefore 64% are positive. Apple Inc. had 421 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Tuesday, April 3. FBR Capital maintained the stock with “Outperform.” rating in Monday, October 26 report. The firm earned “Buy” rating on Wednesday, August 9 by RBC Capital Markets. On Friday, July 7 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Maxim Group on Thursday, November 2. FBR Capital maintained it with “Outperform” rating and $150.0 target in Wednesday, December 23 report. Loop Capital Markets maintained Apple Inc. (NASDAQ:AAPL) rating on Thursday, September 14. Loop Capital Markets has “Buy” rating and $180.0 target. The firm has “Buy” rating by Argus Research given on Monday, November 6. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Brean Capital on Friday, September 11. Bank of America maintained the shares of AAPL in report on Monday, October 9 with “Buy” rating.

Since January 5, 2018, it had 0 insider purchases, and 12 sales for $51.10 million activity. The insider Srouji Johny sold 14,976 shares worth $2.81M. 17,372 shares were sold by Riccio Daniel J., worth $3.26M on Thursday, May 17. KONDO CHRIS also sold $910,129 worth of Apple Inc. (NASDAQ:AAPL) shares. Maestri Luca had sold 4,769 shares worth $903,928 on Thursday, May 31. $2.99 million worth of Apple Inc. (NASDAQ:AAPL) was sold by WILLIAMS JEFFREY E on Friday, June 8. 35,000 shares valued at $6.51M were sold by LEVINSON ARTHUR D on Wednesday, May 9.

Investors sentiment decreased to 0.69 in Q1 2018. Its down 0.04, from 0.73 in 2017Q4. It dived, as 69 investors sold AAPL shares while 1039 reduced holdings. 125 funds opened positions while 645 raised stakes. 2.86 billion shares or 3.74% less from 2.98 billion shares in 2017Q4 were reported. Levin Cap Strategies Limited Partnership holds 893,268 shares. Tru Company Of Oklahoma, Oklahoma-based fund reported 38,042 shares. Qci Asset Inc New York owns 2.18% invested in Apple Inc. (NASDAQ:AAPL) for 122,739 shares. Ws Mngmt Lllp holds 1.78% or 400,600 shares in its portfolio. Private Wealth Prns Ltd Llc owns 178,229 shares. Strategic Advisors Ltd invested in 4.68% or 67,333 shares. Andra Ap accumulated 24,200 shares or 0.11% of the stock. 36,361 were reported by Armstrong Shaw Associate Ct. Mitchell Mcleod Pugh & Williams invested 5.34% of its portfolio in Apple Inc. (NASDAQ:AAPL). Lumina Fund Mngmt Limited Liability Com owns 196,100 shares or 2.95% of their US portfolio. Hilltop has invested 1.25% in Apple Inc. (NASDAQ:AAPL). Lipe And Dalton owns 35,540 shares or 4.27% of their US portfolio. Brown Advisory Inc reported 1.21% of its portfolio in Apple Inc. (NASDAQ:AAPL). Rosenblum Silverman Sutton S F Ca holds 2,796 shares. Moreover, Vista Prtn has 0.13% invested in Apple Inc. (NASDAQ:AAPL).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 EPS, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76B for 21.77 P/E if the $2.19 EPS becomes a reality. After $2.73 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Fayez Sarofim & Company, which manages about $31.66 billion and $18.46B US Long portfolio, upped its stake in Airproducts&Chemicals (NYSE:APD) by 14,591 shares to 523,741 shares, valued at $83.29M in 2018Q1, according to the filing. It also increased its holding in Amazon.Cominc (NASDAQ:AMZN) by 26,984 shares in the quarter, for a total of 30,742 shares, and has risen its stake in Twentyfirstcenturyfoxinc.Classb (NASDAQ:FOX).

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple: Can Shares Double Again In 2 Years?” on June 13, 2018, also Seekingalpha.com with their article: “This Is Apple’s Rocket Fuel” published on June 12, 2018, Nasdaq.com published: “Why the AT&T Inc. Court Win Does Not Guarantee Domination” on June 13, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Wednesday Apple Rumors: iPhone X Survives Two Weeks in River” published on June 13, 2018 as well as Finance.Yahoo.com‘s news article titled: “Apple Inc. (NASDAQ:AAPL) To Push NFC Updates That Will Allow Users To Unlock Cars And Doors” with publication date: May 30, 2018.

Entercom Communications Corp. (NYSE:ETM) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *