iHeartMedia, Inc. (NASDAQ:IHRT – Get Rating) CFO Michael B. Mcguinness acquired 10,000 shares of the business’s stock in a transaction on Friday, March 10th. The shares were purchased at an average price of $5.00 per share, with a total value of $50,000.00. Following the transaction, the chief financial officer now owns 148,535 shares in the company, valued at approximately $742,675. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
iHeartMedia Stock Performance
Shares of IHRT opened at $4.72 on Wednesday. The company has a 50-day simple moving average of $7.01 and a 200-day simple moving average of $7.69. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 7.91. The company has a market capitalization of $676.16 million, a PE ratio of -2.65 and a beta of 1.74. iHeartMedia, Inc. has a 52-week low of $4.38 and a 52-week high of $20.48.
Hedge Funds Weigh In On iHeartMedia
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in iHeartMedia by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,788,849 shares of the company’s stock valued at $79,082,000 after acquiring an additional 105,422 shares during the last quarter. Silver Point Capital L.P. boosted its stake in shares of iHeartMedia by 13.6% during the 4th quarter. Silver Point Capital L.P. now owns 5,546,124 shares of the company’s stock worth $33,998,000 after purchasing an additional 665,400 shares during the last quarter. FMR LLC boosted its stake in shares of iHeartMedia by 12.2% during the 2nd quarter. FMR LLC now owns 4,011,941 shares of the company’s stock worth $31,654,000 after purchasing an additional 437,538 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of iHeartMedia by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,906,295 shares of the company’s stock worth $73,946,000 after purchasing an additional 118,163 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its stake in shares of iHeartMedia by 24.2% during the 4th quarter. Douglas Lane & Associates LLC now owns 3,729,320 shares of the company’s stock worth $22,861,000 after purchasing an additional 726,157 shares during the last quarter. Hedge funds and other institutional investors own 72.30% of the company’s stock.
Analyst Upgrades and Downgrades
iHeartMedia Company Profile
iHeartMedia, Inc operates as a media and entertainment company worldwide. 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 live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,400 radio station affiliates.
- Get a free copy of the StockNews.com research report on iHeartMedia (IHRT)
- Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
- GitLab Crashes On Guidance; Analysts Defend
- Healthcare Stocks With at Least 30 Years of Dividend Increases
- Coinbase Pops As SVB Crumbles To Dust
- Airlines Update Guidance, Shares Head For Different Destinations
Receive News & Ratings for iHeartMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iHeartMedia and related companies with MarketBeat.com's FREE daily email newsletter.