AEGON USA Investment Management LLC Has $211,000 Position in iHeartMedia, Inc. (NASDAQ:IHRT)

AEGON USA Investment Management LLC reduced its stake in iHeartMedia, Inc. (NASDAQ:IHRT) by 26.1% in the 4th quarter, Holdings Channel reports. The firm owned 106,447 shares of the company’s stock after selling 37,558 shares during the period. AEGON USA Investment Management LLC’s holdings in iHeartMedia were worth $211,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in iHeartMedia by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 45,648 shares of the company’s stock worth $90,000 after purchasing an additional 9,592 shares during the last quarter. JPMorgan Chase & Co. increased its position in iHeartMedia by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,062,753 shares of the company’s stock worth $3,816,000 after buying an additional 71,921 shares during the period. Barclays PLC increased its position in iHeartMedia by 513.4% in the 3rd quarter. Barclays PLC now owns 362,060 shares of the company’s stock worth $670,000 after buying an additional 303,034 shares during the period. Geode Capital Management LLC increased its position in iHeartMedia by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,515,516 shares of the company’s stock worth $4,655,000 after buying an additional 137,896 shares during the period. Finally, XTX Topco Ltd increased its position in iHeartMedia by 43.3% in the 3rd quarter. XTX Topco Ltd now owns 90,943 shares of the company’s stock worth $168,000 after buying an additional 27,486 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

iHeartMedia Trading Down 1.8 %

IHRT opened at $2.20 on Monday. The stock has a market cap of $323.55 million, a PE ratio of -0.32 and a beta of 1.73. iHeartMedia, Inc. has a 1 year low of $0.81 and a 1 year high of $3.04. The stock’s 50 day simple moving average is $2.20 and its 200-day simple moving average is $1.95.

iHeartMedia (NASDAQ:IHRT) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.18). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company posted ($0.06) EPS. Equities analysts forecast that iHeartMedia, Inc. will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IHRT has been the topic of several recent analyst reports. Bank of America raised iHeartMedia from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $1.00 to $3.00 in a research report on Tuesday, November 12th. Barrington Research raised iHeartMedia to a “hold” rating in a research report on Tuesday, November 12th. Finally, Guggenheim lifted their price target on iHeartMedia from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th.

Insider Activity

In related 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 value of $96,535.20. Following the sale, the director now owns 339,322 shares of the company’s stock, valued at $814,372.80. The trade was a 10.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by company insiders.

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.