GTN has a Strong Buy analyst consensus, with 4 Buys given in the last three months. Cahall gives it a $21 price target, implying a robust upside of 21%. We believe that expected 2020-21 revenue will be around 50% from retrans and political, and see the core ad pull back as an opportunistic entry point.” In short, this is the time to initiate coverage of this stock, because the low share price represents a good time to buy. Wells Fargo’s Steven Cahall, quoted above, says, “The stock has pulled back considerably since last spring because of worse than expected ad guide, but its financial outlook has not changed meaningfully. Overall, Robinson has a 79% success rate with her GTN purchases, and an average profit on the stock, since taking her first position, of 127%.įrom an analyst perspective, GTN is getting attention on the buy side. In cash terms, her August purchase is now worth slightly more than $130,000. She purchased at a price of $14.91 per share, so the stock’s current price of $17.37 represents a 16% profit on her purchase.
#What is the most unknown entercome pick up tv#
That there is profit in the small TV broadcast network is clear from Gray’s $1.08 billion in annual revenue and 2018 net income of $211 million.īack in August, Harriet Robinson, a ten percent shareholder in Gray, spent $112,000 buying up an additional 7,500 shares of the stock. Gray owns 145 stations in the US, with a focus on small- and medium-sized markets. Radio was largely superseded by television Gray is a mid-sized player in the TV broadcasting industry. ( See Entercom stock analysis on TipRanks) The stock sells for $3.59, and the average target price of $4.88 indicates an upside potential of 35%. Overall, ETM has a Moderate Buy, but the consensus is based on just two rating, one Buy and one Hold. (To watch Cahall's track record, click here) The integration is a huge management undertaking, and, to its credit, synergies are exceeding expectations.” Even though he recommends a Hold, Cahall’s price target suggests an upside potential of 11% for this stock. As such, we are initiating coverage with a Market Perform rating…” He added, “…we believe a good deal of the stock volatility can be tied back to the merger. We think sentiment can improve with a few quarters of putting points on the board. In his comments on the stock, Cahall wrote, “Having come through a bumpy integration period with CBS Radio, Entercom has left investor nerves frayed. While this transaction has not yet yielded a profit, it’s interesting to note that 3-star analyst Steven Cahall, of Wells Fargo, initiated coverage of the stock earlier this fall, setting a Hold rating and a $4 price target. In his last informative purchase, back in May of this year, he loaded up with 30,000 shares in a transaction totaling $175,000. He is also the #4 rated insider in TipRanks database, with an 81% success rate when buying ETM stock and an eye-opening 253% average return on his purchases. And radio remains lucrative – ETM brought in $1.46 billion in revenue in 2018.ĭavid Field, Chairman of the Board, President, and CEO of Entercom is clearly in a position to know about the stock’s likely future position. Entercom is a major player in the radio broadcasting industry – its 235 stations in 48 separate media markets make it the second largest radio broadcast company in the US. The Buggles famously sang, in the first music video aired on MTV, that ‘video killed the radio star.’ That was almost forty years ago, and while radio is not the dominant media force it once was, it is far from dead. Let’s pop the hood on these stocks, and see why these top insiders are feeling bullish. None of the stocks involved is a big name, and none have attracted extensive analyst attention. Three insiders, holding the number 4, 5, and 6 spots, have made recent informative purchases. We’ve turned to TipRanks - a Financial Accountability Engine that measures and ranks insiders based on their performance - to look at the Top 25 Corporate Insiders, and find out what some of them are buying. So, when these insiders start making ‘informative buys,’ that is, buying out of pocket rather than cashing in expired options or adjusting holding amounts for tax purposes, the transactions are worth watching.
After all, they are charged not just with running a company, but also with managing other people’s money they have to be careful, or their shareholders will hold them accountable.
Corporate insiders – company officers, board members, and hedge fund managers – are known to be careful about how they allocate their funds.
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