Algert Global LLC Has $55,000 Stake in iHeartMedia, Inc. (NASDAQ:IHRT)

Algert Global LLC boosted its holdings in iHeartMedia, Inc. (NASDAQ:IHRT) by 100.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,506 shares of the company’s stock after buying an additional 25,266 shares during the period. Algert Global LLC’s holdings in iHeartMedia were worth $55,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optas LLC acquired a new position in shares of iHeartMedia in the 2nd quarter valued at $29,000. PFG Investments LLC boosted its holdings in iHeartMedia by 53.5% during the second quarter. PFG Investments LLC now owns 33,000 shares of the company’s stock worth $36,000 after buying an additional 11,500 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of iHeartMedia by 169.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,790 shares of the company’s stock valued at $84,000 after acquiring an additional 25,001 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of iHeartMedia in the 2nd quarter valued at about $69,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of iHeartMedia in the 1st quarter valued at approximately $181,000. 93.89% of the stock is owned by institutional investors.

iHeartMedia Stock Performance

Shares of NASDAQ IHRT opened at $1.97 on Friday. iHeartMedia, Inc. has a 52-week low of $0.81 and a 52-week high of $3.12. The stock has a market cap of $289.22 million, a P/E ratio of -0.30, a P/E/G ratio of 0.44 and a beta of 1.71. The firm has a 50 day moving average price of $1.63 and a 200 day moving average price of $1.56.

iHeartMedia (NASDAQ:IHRT) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.08. The firm had revenue of $929.09 million during the quarter, compared to analyst estimates of $918.03 million. Analysts predict that iHeartMedia, Inc. will post 0.17 earnings per share for the current fiscal year.

iHeartMedia Company Profile

iHeartMedia, Inc operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates.