iHeartMedia, Inc. (NASDAQ:IHRT) Shares Sold by AEGON USA Investment Management LLC

AEGON USA Investment Management LLC trimmed its holdings in shares of iHeartMedia, Inc. (NASDAQ:IHRT) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,447 shares of the company’s stock after selling 37,558 shares during the period. AEGON USA Investment Management LLC owned approximately 0.07% of iHeartMedia worth $211,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. FMR LLC grew its holdings in iHeartMedia by 25.2% during the third quarter. FMR LLC now owns 22,879 shares of the company’s stock worth $42,000 after acquiring an additional 4,598 shares during the period. Intech Investment Management LLC acquired a new position in iHeartMedia during the third quarter worth about $45,000. Quadrature Capital Ltd acquired a new position in iHeartMedia during the third quarter worth about $56,000. The Manufacturers Life Insurance Company acquired a new position in iHeartMedia during the third quarter worth about $78,000. Finally, SG Americas Securities LLC grew its holdings 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. 93.89% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other iHeartMedia news, Director James A. Rasulo sold 40,223 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $2.40, for a total transaction of $96,535.20. Following the completion of the sale, the director now directly owns 339,322 shares in the company, valued at approximately $814,372.80. This trade represents a 10.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IHRT shares. Bank of America raised iHeartMedia from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $1.00 to $3.00 in a report on Tuesday, November 12th. Barrington Research raised iHeartMedia to a “hold” rating in a research note on Tuesday, November 12th. Finally, Guggenheim lifted their price target on iHeartMedia from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th.

iHeartMedia Trading Down 1.8 %

Shares of IHRT opened at $2.20 on Monday. The business’s 50-day moving average price is $2.20 and its 200 day moving average price is $1.95. The stock has a market capitalization of $323.55 million, a P/E ratio of -0.32 and a beta of 1.73. iHeartMedia, Inc. has a 1-year low of $0.81 and a 1-year high of $3.04.

iHeartMedia (NASDAQ:IHRT) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.18). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm earned ($0.06) EPS. On average, research analysts predict that iHeartMedia, Inc. will post -0.13 earnings per share for the current year.

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.