Gruss Capital Management LP Holds Holding in Entercom Communications (ETM); Autus Asset Management Upped Its Holding in Amazon Com (AMZN) as Market Value Rose

February 19, 2018 - By Nellie Frank

Autus Asset Management Llc increased its stake in Amazon Com Inc (AMZN) by 15.45% based on its latest 2017Q3 regulatory filing with the SEC. Autus Asset Management Llc bought 346 shares as the company’s stock rose 13.58% with the market. The institutional investor held 2,586 shares of the consumer services company at the end of 2017Q3, valued at $2.49M, up from 2,240 at the end of the previous reported quarter. Autus Asset Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $701.32 billion market cap company. The stock decreased 0.89% or $13.07 during the last trading session, reaching $1448.69. About 4.47 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since February 19, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Howard Guberman increased its stake in Entercom Communications Corp (ETM) by 661.75% based on its latest 2017Q3 regulatory filing with the SEC. Gruss Capital Management Lp bought 1.22M shares as the company’s stock declined 37.42% while stock markets rallied. The hedge fund run by Howard Guberman held 1.41M shares of the broadcasting company at the end of 2017Q3, valued at $16.14M, up from 185,000 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 bullish on the $1.46B market cap company. The stock increased 0.97% or $0.1 during the last trading session, reaching $10.4. About 1.91M shares traded. Entercom Communications Corp. (NYSE:ETM) has declined 15.65% since February 19, 2017 and is downtrending. It has underperformed by 32.35% the S&P500.

Among 53 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 273 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by SunTrust on Friday, February 2. The firm has “Buy” rating by Mizuho given on Tuesday, August 25. The stock has “Outperform” rating by RBC Capital Markets on Friday, October 23. The rating was maintained by RBC Capital Markets on Monday, September 11 with “Buy”. The firm earned “Buy” rating on Friday, July 24 by Monness Crespi & Hardt. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, July 29. The firm has “Market Outperform” rating by JMP Securities given on Friday, July 29. Bank of America maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, February 2. Bank of America has “Buy” rating and $1650 target. The firm has “Buy” rating by Canaccord Genuity given on Thursday, December 1. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Maxim Group on Thursday, June 23.

Since August 21, 2017, it had 0 insider purchases, and 1 insider sale for $3.25 million activity.

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. It is negative, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Japan-based Norinchukin Fincl Bank The has invested 0.93% in Amazon.com, Inc. (NASDAQ:AMZN). Waddell And Reed holds 452,890 shares. Haverford Com has invested 0.01% in Amazon.com, Inc. (NASDAQ:AMZN). Morgan Stanley owns 1.25% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 4.35 million shares. Hrt Ltd Co has invested 0.37% in Amazon.com, Inc. (NASDAQ:AMZN). Agf reported 131,457 shares. 452,758 were reported by Gilder Gagnon Howe Com Limited Liability. Cognios has 464 shares. Edgewood Mgmt Limited Liability Co invested 5.29% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). New England And Retirement Group reported 2,065 shares. Cypress Asset Incorporated Tx holds 1,475 shares. First Eagle Inv Management Limited Co holds 1,017 shares or 0% of its portfolio. Middleton Ma reported 21,054 shares stake. Avenir Corp holds 1.7% or 20,615 shares. Paloma Prtnrs Management Co has invested 0.07% in Amazon.com, Inc. (NASDAQ:AMZN).

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. Noble Financial maintained the stock with “Buy” rating in Monday, July 24 report. The rating was maintained by Noble Financial with “Buy” on Monday, July 31. Stephens initiated Entercom Communications Corp. (NYSE:ETM) on Friday, December 11 with “Equal-Weight” rating. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, August 18 report. The rating was maintained by Noble Financial on Monday, November 27 with “Buy”.

Gruss Capital Management Lp, which manages about $3.35B and $1.15 billion US Long portfolio, decreased its stake in Ilg Inc by 480,000 shares to 1.30M shares, valued at $34.75 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.5 in 2017 Q3. Its up 0.35, from 1.15 in 2017Q2. It is positive, 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. Walleye Trading Ltd Co stated it has 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Ontario – Canada-based Royal State Bank Of Canada has invested 0% in Entercom Communications Corp. (NYSE:ETM). Citigroup Inc holds 0% in Entercom Communications Corp. (NYSE:ETM) or 15,496 shares. Citadel Advsrs Ltd accumulated 62,175 shares. Pub Employees Retirement Association Of Colorado invested in 10,149 shares or 0% of the stock. Moreover, Geode Cap Mgmt Limited Liability Corp has 0% invested in Entercom Communications Corp. (NYSE:ETM). 15,533 were accumulated by Clear Harbor Asset Mgmt Limited Liability. Ny State Common Retirement Fund holds 62,029 shares or 0% of its portfolio. Rmb Mngmt Ltd Co holds 0.02% or 80,895 shares in its portfolio. 19,400 were reported by Alliancebernstein Lp. Huntington Bankshares reported 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Gsa Capital Prtn Llp invested in 51,500 shares. Hotchkis Wiley Cap Limited Com invested in 0% or 16,286 shares. Panagora Asset Mngmt reported 0% stake. Columbia Ptnrs L L C Mgmt invested 0.02% in Entercom Communications Corp. (NYSE:ETM).

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