XTX Topco Ltd Has $247,000 Stock Position in iHeartMedia, Inc. (NASDAQ:IHRT)

XTX Topco Ltd boosted its position in iHeartMedia, Inc. (NASDAQ:IHRT) by 36.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,504 shares of the company’s stock after buying an additional 33,561 shares during the quarter. XTX Topco Ltd owned approximately 0.08% of iHeartMedia worth $247,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC increased its position 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 period. SG Americas Securities LLC increased its position in iHeartMedia by 26.6% during 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 period. Intech Investment Management LLC raised its stake in iHeartMedia by 99.1% during the 4th quarter. Intech Investment Management LLC now owns 48,178 shares of the company’s stock valued at $95,000 after purchasing an additional 23,977 shares during the last quarter. Sei Investments Co. bought a new stake in iHeartMedia in the 4th quarter valued at $178,000. Finally, EntryPoint Capital LLC acquired a new stake in iHeartMedia in the 4th quarter worth $199,000. Institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

iHeartMedia Price Performance

IHRT opened at $1.02 on Friday. The stock has a market capitalization of $150.12 million, a P/E ratio of -0.15 and a beta of 1.48. The company’s 50 day simple moving average is $1.52 and its 200-day simple moving average is $1.94. iHeartMedia, Inc. has a one year low of $0.81 and a one year high of $2.84.

iHeartMedia Company 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.