Strategies To Better Manage Brookfield Asset Management Inc. (BAM) and Entercom Communications Corp. (ETM)

On Jun 21, BROOKFIELD ASSET MANAGEMENT IN, Director by Deputization sold 1,900,000 shares of Brookfield Asset Management Inc. (NYSE:BAM), with the average selling price of the stock being $23.75 per share. The total amount realized from this sold $45,125,000. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Director by Deputization – BROOKFIELD ASSET MANAGEMENT IN sold an extra 1,900,000 shares of this stock in a transaction that took place a day before, on Jun 21, with a share sold at an average of $23.75 and a total of $45,125,000 was realized from this transaction. After the transaction, the Director by Deputization – BROOKFIELD ASSET MANAGEMENT IN was left with 228,500 shares of the company’s stock, which is currently worth around $5426875.0.

The recent price movement of BAM means that it is now down by -6.10% from its 52-week high and 39.83% up against its 52-week low prices. Over the past one week, the price volatility of BAM stands at 1.92% while the volatility over the past one month is 1.65%. The beta score for this stock is 1.06. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 08/08/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.11 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.01 by 0.1. The revenue by the firm was 15B for the quarter.

The shares of Brookfield Asset Management Inc. (BAM) dropped by -0.37%, leading to a loss of -$0.19 per share, and saw BAM end the trading session at $51.15 on Monday 10/07/19. BAM started the trading session at $51.23, before reaching a daily high of $51.35. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $50.90.

The trading volume on Monday stood at 1,968,800, which was below the stock’s 3-month average volume of 1.77 million shares, out of a total 868.53M shares. As the price of the stock dipped, the market valuation of the company dropped to 53.11 billion.

The shares of Entercom Communications Corp. (NYSE:ETM) went down by -0.96% by the end of the recent trading session. This movement saw its price plunge to close at $3.09, which was lower than the previous closing price of $3.12. Over the past one week, the price of ETM has slipped by -7.49%, while it has recorded a loss of -14.40% over the past one month. Its three-month performance saw ETM lose -49.51% while its six-month performance saw it drop by -50.32%. The situation is different though over the past one year, as the stock price went down by -58.07%, while its year-to-date (YTD) price performance slipped by -45.88%. The stock price has gone up by +5.10% compared to its 90-day low, while it is down -50.48% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 1,194,840 shares, with the short-term indicators averagely rating the stock as a 100% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,708,592 shares and the indicators have an average rating of 100% Sell. The last indicators, the long-term see ETM stock with a 100-Day average volume of 1,340,644 shares, giving it an average rating of 100% Sell. A look at the general picture of all short, medium and long-term indicators leaves ETM with an average rating of 100% Sell.

Several brokerage firms sent out their reports ETM stock not long ago. In its report sent out on September 24, 2019, Wells Fargo lowered its ratings on ETM to a Market Perform. In an earlier report on April 18, 2019, B. Riley FBR Initiated the stock to a Buy. Guggenheim meanwhile in its report on November 01, 2018 Initiated its rating of the stock to “Buy”.

In related news to the company’s stock, around 85.90% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 214 institutions currently hold the ETM stock. In the last quarter, a 110,317,717 ETM shares were in the possession of institutions. On the other hand, the company recorded 26 new institutions who bought it their stock, while 26 institutions sold their entire ETM reserve. Of the current institutions investing in the stock, 92 increased their investment while 86 decreased their investment in the stock.