100,419 Shares in iHeartMedia, Inc. (NASDAQ:IHRT) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new position in shares of iHeartMedia, Inc. (NASDAQ:IHRT) in the 4th quarter, Holdings Channel.com reports. The firm purchased 100,419 shares of the company’s stock, valued at approximately $199,000.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of iHeartMedia by 25.2% in the third quarter. FMR LLC now owns 22,879 shares of the company’s stock valued at $42,000 after purchasing an additional 4,598 shares during the period. Intech Investment Management LLC acquired a new position in shares of iHeartMedia in the third quarter valued at approximately $45,000. Quadrature Capital Ltd purchased a new position in shares of iHeartMedia during the 3rd quarter worth $56,000. Virtu Financial LLC boosted its stake in iHeartMedia by 93.3% in the 4th quarter. Virtu Financial LLC now owns 30,010 shares of the company’s stock worth $59,000 after buying an additional 14,485 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of iHeartMedia in the third quarter worth approximately $78,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Guggenheim dropped their target price on shares of iHeartMedia from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Monday, March 10th.

iHeartMedia Price Performance

NASDAQ:IHRT opened at $1.64 on Friday. iHeartMedia, Inc. has a 12-month low of $0.81 and a 12-month high of $2.84. The business has a 50 day simple moving average of $2.02 and a 200 day simple moving average of $2.03. The firm has a market capitalization of $241.37 million, a P/E ratio of -0.24 and a beta of 1.78.

Insider Buying and Selling at iHeartMedia

In other iHeartMedia news, CEO Robert W. Pittman purchased 200,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $1.60 per share, with a total value of $320,000.00. Following the acquisition, the chief executive officer now owns 4,241,389 shares of the company’s stock, valued at $6,786,222.40. The trade was a 4.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard J. Bressler bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $1.79 per share, with a total value of $179,000.00. Following the completion of the purchase, the insider now owns 3,617,764 shares of the company’s stock, valued at approximately $6,475,797.56. The trade was a 2.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.30% of the stock is owned by company insiders.

iHeartMedia 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.