Virtu Financial LLC Has $59,000 Holdings in iHeartMedia, Inc. (NASDAQ:IHRT)

Virtu Financial LLC lifted its position in iHeartMedia, Inc. (NASDAQ:IHRT) by 93.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,010 shares of the company’s stock after acquiring an additional 14,485 shares during the period. Virtu Financial LLC’s holdings in iHeartMedia were worth $59,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of 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 acquiring an additional 303,034 shares during the period. JPMorgan Chase & Co. grew its holdings in iHeartMedia by 3.6% during the third 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 during the period. SG Americas Securities LLC raised its stake in iHeartMedia by 26.6% in the fourth quarter. SG Americas Securities LLC now owns 45,648 shares of the company’s stock valued at $90,000 after buying an additional 9,592 shares during the period. Geode Capital Management LLC lifted its position in shares of iHeartMedia by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,515,516 shares of the company’s stock valued at $4,655,000 after buying an additional 137,896 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in shares of iHeartMedia by 43.3% in the third quarter. XTX Topco Ltd now owns 90,943 shares of the company’s stock valued at $168,000 after buying an additional 27,486 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

iHeartMedia Stock Up 0.6 %

Shares of IHRT stock opened at $1.65 on Tuesday. iHeartMedia, Inc. has a 12-month low of $0.81 and a 12-month high of $2.84. The firm has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $2.03. The company has a market capitalization of $242.85 million, a PE ratio of -0.24 and a beta of 1.78.

Insider Buying and Selling

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