30,068 Shares in iHeartMedia, Inc. (NASDAQ:IHRT) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in iHeartMedia, Inc. (NASDAQ:IHRT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,068 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in iHeartMedia by 25.2% during the third quarter. FMR LLC now owns 22,879 shares of the company’s stock worth $42,000 after buying an additional 4,598 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of iHeartMedia by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 184,290 shares of the company’s stock worth $201,000 after acquiring an additional 7,258 shares during the last quarter. PFG Investments LLC increased its holdings in shares of iHeartMedia by 53.5% during the 2nd quarter. PFG Investments LLC now owns 33,000 shares of the company’s stock worth $36,000 after acquiring an additional 11,500 shares during the last quarter. Intech Investment Management LLC acquired a new position in iHeartMedia in the 3rd quarter valued at $45,000. Finally, Algert Global LLC grew its holdings in iHeartMedia by 100.1% in the 2nd quarter. Algert Global LLC now owns 50,506 shares of the company’s stock valued at $55,000 after buying an additional 25,266 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Guggenheim upped their target price on iHeartMedia from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Bank of America raised iHeartMedia from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $1.00 to $3.00 in a research note on Tuesday, November 12th. Finally, Barrington Research upgraded iHeartMedia to a “hold” rating in a research report on Tuesday, November 12th.

iHeartMedia Stock Performance

Shares of IHRT stock opened at $2.39 on Friday. iHeartMedia, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $3.04. The stock has a 50 day simple moving average of $2.16 and a two-hundred day simple moving average of $1.65. The company has a market cap of $351.51 million, a P/E ratio of -0.35 and a beta of 1.71.

Insider Buying and Selling at iHeartMedia

In related news, Director James A. Rasulo sold 40,223 shares of the 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 completion of the sale, the director now directly owns 339,322 shares of the company’s stock, valued at approximately $814,372.80. This represents a 10.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company’s stock.

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.