First Merchants Lifted Its Emerson Elec Co Com (EMR) Stake by $1.00 Million; Market Valuation Declined; Aristeia Capital Has Trimmed Its Holding in Entercom Communications (ETM) as Shares Declined

January 19, 2018 - By Neil V. Hobbs

First Merchants Corp increased its stake in Emerson Elec Co Com (EMR) by 149.03% based on its latest 2017Q3 regulatory filing with the SEC. First Merchants Corp bought 16,152 shares as the company’s stock declined 4.02% while stock markets rallied. The institutional investor held 26,990 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.70M, up from 10,838 at the end of the previous reported quarter. First Merchants Corp who had been investing in Emerson Elec Co Com for a number of months, seems to be bullish on the $46.69B market cap company. The stock decreased 0.46% or $0.34 during the last trading session, reaching $73.11. About 1.97 million shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since January 19, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Robert Henry Lynch decreased its stake in Entercom Communications Corp (ETM) by 80.12% based on its latest 2017Q3 regulatory filing with the SEC. Aristeia Capital Llc sold 1.00M shares as the company’s stock declined 37.42% while stock markets rallied. The hedge fund run by Robert Henry Lynch held 248,546 shares of the broadcasting company at the end of 2017Q3, valued at $2.85M, down from 1.25M at the end of the previous reported quarter. Aristeia Capital Llc who had been investing in Entercom Communications Corp for a number of months, seems to be less bullish one the $1.58 billion market cap company. The stock decreased 0.66% or $0.075 during the last trading session, reaching $11.275. About 343,119 shares traded. Entercom Communications Corp. (NYSE:ETM) has declined 15.65% since January 19, 2017 and is downtrending. It has underperformed by 32.35% the S&P500.

Analysts await Entercom Communications Corp. (NYSE:ETM) to report earnings on February, 28. They expect $0.34 earnings per share, up 6.25% or $0.02 from last year’s $0.32 per share. ETM’s profit will be $47.74 million for 8.29 P/E if the $0.34 EPS becomes a reality. After $0.24 actual earnings per share reported by Entercom Communications Corp. for the previous quarter, Wall Street now forecasts 41.67% EPS growth.

Among 3 analysts covering Entercom Communications (NYSE:ETM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Entercom Communications had 5 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Entercom Communications Corp. (NYSE:ETM) earned “Equal-Weight” rating by Stephens on Friday, December 11. The firm has “Buy” rating by Noble Financial given on Monday, July 31. The company was maintained on Monday, July 24 by Noble Financial. Noble Financial maintained the stock with “Buy” rating in Monday, November 27 report. Wells Fargo upgraded Entercom Communications Corp. (NYSE:ETM) on Tuesday, August 18 to “Outperform” rating.

Aristeia Capital Llc, which manages about $6.79B and $2.56B US Long portfolio, upped its stake in Medicines Co (Prn) by 8.55 million shares to 12.00M shares, valued at $12.60M in 2017Q3, according to the filing. It also increased its holding in Sina Corp (NASDAQ:SINA) by 679,585 shares in the quarter, for a total of 2.95M shares, and has risen its stake in Midstates Pete Co Inc.

Investors sentiment increased to 1.5 in Q3 2017. Its up 0.35, from 1.15 in 2017Q2. It improved, as 15 investors sold ETM shares while 23 reduced holdings. 25 funds opened positions while 32 raised stakes. 25.83 million shares or 18.66% more from 21.77 million shares in 2017Q2 were reported. Wilen Invest Mgmt Corporation reported 32,048 shares. Ameriprise Incorporated has invested 0% in Entercom Communications Corp. (NYSE:ETM). Blackrock has invested 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Tiaa Cref Inv Mngmt Ltd Com invested in 106,852 shares. Tower Research Cap Limited Company (Trc) owns 3,294 shares. California-based California State Teachers Retirement has invested 0% in Entercom Communications Corp. (NYSE:ETM). Parametric Associates Limited Liability Corp holds 0% or 24,932 shares in its portfolio. Jefferies Grp Inc Ltd has invested 0.01% in Entercom Communications Corp. (NYSE:ETM). Rbf Capital Ltd Llc invested in 0.01% or 10,000 shares. Metropolitan Life Company Ny stated it has 20,318 shares or 0% of all its holdings. Switzerland-based Credit Suisse Ag has invested 0% in Entercom Communications Corp. (NYSE:ETM). Schwab Charles Invest Mngmt reported 115,438 shares or 0% of all its holdings. Rmb Capital Mgmt Llc stated it has 80,895 shares or 0.02% of all its holdings. Next Financial Grp holds 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM) for 1,000 shares. Mycio Wealth Prtnrs Ltd Liability reported 0.05% stake.

Among 28 analysts covering Emerson Electric Co. (NYSE:EMR), 8 have Buy rating, 2 Sell and 18 Hold. Therefore 29% are positive. Emerson Electric Co. had 76 analyst reports since August 6, 2015 according to SRatingsIntel. HSBC upgraded the shares of EMR in report on Friday, March 3 to “Hold” rating. The stock of Emerson Electric Co. (NYSE:EMR) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, November 4. Credit Suisse downgraded the shares of EMR in report on Friday, August 19 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, May 11 by Argus Research. The rating was initiated by HSBC with “Reduce” on Friday, October 7. Stifel Nicolaus maintained the shares of EMR in report on Wednesday, August 5 with “Buy” rating. The company was upgraded on Wednesday, August 26 by Vertical Research. Deutsche Bank maintained Emerson Electric Co. (NYSE:EMR) rating on Tuesday, August 25. Deutsche Bank has “Hold” rating and $53 target. The stock has “Neutral” rating by UBS on Thursday, August 4. The firm earned “Overweight” rating on Monday, October 2 by Morgan Stanley.

Since August 31, 2017, it had 0 insider buys, and 2 insider sales for $616,887 activity. Shares for $117,987 were sold by Sharp Robert T on Thursday, August 31.

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