XTX Topco Ltd boosted its holdings in shares of iHeartMedia, Inc. (NASDAQ:IHRT – Free Report) by 43.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,943 shares of the company’s stock after purchasing an additional 27,486 shares during the period. XTX Topco Ltd’s holdings in iHeartMedia were worth $168,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in shares of iHeartMedia by 132.4% in the 2nd quarter. AQR Capital Management LLC now owns 3,909,729 shares of the company’s stock worth $4,262,000 after buying an additional 2,227,676 shares in the last quarter. Aristeia Capital L.L.C. acquired a new position in iHeartMedia during the second quarter worth $2,461,000. Acadian Asset Management LLC lifted its holdings in shares of iHeartMedia by 287.5% during the second quarter. Acadian Asset Management LLC now owns 784,374 shares of the company’s stock valued at $854,000 after acquiring an additional 581,980 shares during the period. GSA Capital Partners LLP boosted its stake in shares of iHeartMedia by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 485,096 shares of the company’s stock valued at $897,000 after purchasing an additional 78,177 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of iHeartMedia by 10.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 403,283 shares of the company’s stock worth $440,000 after purchasing an additional 37,656 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have commented on IHRT. Barrington Research upgraded shares of iHeartMedia to a “hold” rating in a research report on Tuesday, November 12th. Guggenheim boosted their target price on iHeartMedia from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Bank of America raised iHeartMedia from an “underperform” rating to a “neutral” rating and raised their price target for the company from $1.00 to $3.00 in a report on Tuesday, November 12th.
Insiders Place Their Bets
In other news, Director James A. Rasulo sold 40,223 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $2.40, for a total transaction of $96,535.20. Following the completion of the sale, the director now owns 339,322 shares in the company, valued at $814,372.80. The trade was a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.30% of the company’s stock.
iHeartMedia Trading Down 2.1 %
Shares of IHRT stock opened at $1.88 on Friday. iHeartMedia, Inc. has a 1 year low of $0.81 and a 1 year high of $3.04. The firm’s 50 day moving average is $2.16 and its 200-day moving average is $1.70. The firm has a market capitalization of $276.50 million, a price-to-earnings ratio of -0.28 and a beta of 1.71.
About iHeartMedia
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.
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