iHeartMedia, Inc. (NASDAQ:IHRT) Shares Sold by AMH Equity Ltd

AMH Equity Ltd trimmed its position in iHeartMedia, Inc. (NASDAQ:IHRT) by 66.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,345 shares of the company’s stock after selling 464,655 shares during the quarter. AMH Equity Ltd’s holdings in iHeartMedia were worth $466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP raised its holdings in iHeartMedia by 19.2% in the third quarter. GSA Capital Partners LLP now owns 485,096 shares of the company’s stock valued at $897,000 after buying an additional 78,177 shares during the period. Intech Investment Management LLC acquired a new stake in shares of iHeartMedia in the third quarter worth $45,000. The Manufacturers Life Insurance Company purchased a new position in shares of iHeartMedia in the 3rd quarter valued at $78,000. FMR LLC raised its stake in shares of iHeartMedia by 25.2% in the 3rd quarter. FMR LLC now owns 22,879 shares of the company’s stock valued at $42,000 after acquiring an additional 4,598 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in shares of iHeartMedia during the 3rd quarter valued at $112,000. 93.89% of the stock is owned by institutional investors and hedge funds.

iHeartMedia Price Performance

iHeartMedia stock opened at $2.27 on Thursday. The firm’s fifty day moving average price is $2.16 and its 200 day moving average price is $2.01. The company has a market capitalization of $333.86 million, a price-to-earnings ratio of -0.33 and a beta of 1.73. iHeartMedia, Inc. has a 12-month low of $0.81 and a 12-month high of $3.04.

Analysts Set New Price Targets

IHRT has been the subject of several recent research reports. Barrington Research upgraded iHeartMedia to a “hold” rating in a report on Tuesday, November 12th. Bank of America upgraded iHeartMedia from an “underperform” rating to a “neutral” rating and increased their target price for the company from $1.00 to $3.00 in a research note on Tuesday, November 12th. Finally, Guggenheim boosted their price target on iHeartMedia from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th.

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.