AMH Equity Ltd Reduces Holdings in iHeartMedia, Inc. (NASDAQ:IHRT)

AMH Equity Ltd reduced its stake in shares of iHeartMedia, Inc. (NASDAQ:IHRT) by 66.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,345 shares of the company’s stock after selling 464,655 shares during the period. AMH Equity Ltd owned 0.16% of iHeartMedia worth $466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in shares of iHeartMedia by 26.6% in the fourth quarter. SG Americas Securities LLC now owns 45,648 shares of the company’s stock worth $90,000 after acquiring an additional 9,592 shares during the last quarter. JPMorgan Chase & Co. increased its position in iHeartMedia by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,062,753 shares of the company’s stock worth $3,816,000 after purchasing an additional 71,921 shares in the last quarter. Barclays PLC raised its stake in iHeartMedia by 513.4% in the 3rd quarter. Barclays PLC now owns 362,060 shares of the company’s stock valued at $670,000 after purchasing an additional 303,034 shares during the last quarter. Geode Capital Management LLC lifted its holdings in iHeartMedia by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,515,516 shares of the company’s stock valued at $4,655,000 after purchasing an additional 137,896 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of iHeartMedia by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 90,943 shares of the company’s stock worth $168,000 after purchasing an additional 27,486 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Ratings Changes

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

iHeartMedia Stock Performance

IHRT opened at $2.27 on Thursday. iHeartMedia, Inc. has a 1 year low of $0.81 and a 1 year high of $3.04. The company’s 50 day simple moving average is $2.16 and its 200 day simple moving average is $2.01. The stock has a market capitalization of $333.86 million, a PE ratio of -0.33 and a beta of 1.73.

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.