34,187 Shares in iHeartMedia, Inc. (NASDAQ:IHRT) Acquired by Rpo LLC

Rpo LLC acquired a new position in iHeartMedia, Inc. (NASDAQ:IHRTFree Report) in the 4th quarter, Holdings Channel reports. The firm acquired 34,187 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds also recently added to or reduced their stakes in IHRT. Vanguard Group Inc. lifted its stake in iHeartMedia by 0.4% during the third quarter. Vanguard Group Inc. now owns 8,430,714 shares of the company’s stock worth $26,641,000 after purchasing an additional 36,231 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in iHeartMedia by 10.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,949,501 shares of the company’s stock worth $10,545,000 after purchasing an additional 384,092 shares in the last quarter. Federated Hermes Inc. lifted its stake in iHeartMedia by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 1,688,805 shares of the company’s stock worth $4,509,000 after purchasing an additional 35,983 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in iHeartMedia by 29.1% during the fourth quarter. Wolverine Asset Management LLC now owns 552,339 shares of the company’s stock worth $1,475,000 after purchasing an additional 124,357 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in iHeartMedia during the third quarter worth $1,654,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

iHeartMedia Stock Up 4.1 %

Shares of NASDAQ IHRT traded up $0.04 during mid-day trading on Wednesday, hitting $0.89. The company had a trading volume of 369,018 shares, compared to its average volume of 996,974. iHeartMedia, Inc. has a 1-year low of $0.81 and a 1-year high of $4.74. The business’s 50-day simple moving average is $1.83 and its 200 day simple moving average is $2.24.

iHeartMedia (NASDAQ:IHRTGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.43. iHeartMedia had a negative return on equity of 1,197.12% and a negative net margin of 24.04%. The company had revenue of $799.04 million for the quarter, compared to analysts’ expectations of $806.62 million. During the same period last year, the firm earned ($1.50) earnings per share. As a group, equities analysts predict that iHeartMedia, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IHRT shares. The Goldman Sachs Group reduced their price objective on iHeartMedia from $2.00 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Guggenheim reduced their price objective on iHeartMedia from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, iHeartMedia currently has a consensus rating of “Hold” and a consensus price target of $3.38.

Read Our Latest Stock Analysis on IHRT

iHeartMedia Profile

(Free Report)

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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Institutional Ownership by Quarter for iHeartMedia (NASDAQ:IHRT)

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