iHeartMedia, Inc. (NASDAQ:IHRT) Insider Richard J. Bressler Acquires 100,000 Shares

iHeartMedia, Inc. (NASDAQ:IHRT) insider Richard J. Bressler bought 100,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $1.79 per share, for a total transaction of $179,000.00. Following the completion of the transaction, the insider now directly owns 3,617,764 shares of the company’s stock, valued at $6,475,797.56. This represents a 2.84 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

iHeartMedia Price Performance

Shares of NASDAQ IHRT opened at $1.55 on Thursday. The stock has a market cap of $228.13 million, a PE ratio of -0.23 and a beta of 1.78. iHeartMedia, Inc. has a 1 year low of $0.81 and a 1 year high of $2.84. The firm has a fifty day moving average price of $2.11 and a 200-day moving average price of $2.02.

Institutional Investors Weigh In On iHeartMedia

A number of institutional investors have recently bought and sold shares of IHRT. BNP Paribas Financial Markets bought a new position in shares of iHeartMedia in the fourth quarter worth about $33,000. FMR LLC lifted its holdings in iHeartMedia by 25.2% in the 3rd quarter. FMR LLC now owns 22,879 shares of the company’s stock worth $42,000 after purchasing an additional 4,598 shares in the last quarter. Intech Investment Management LLC bought a new position in iHeartMedia in the 3rd quarter worth approximately $45,000. State of Wyoming purchased a new stake in iHeartMedia during the 4th quarter valued at approximately $49,000. Finally, Algert Global LLC bought a new stake in shares of iHeartMedia during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Ratings Changes

Separately, Guggenheim lowered their price objective on iHeartMedia from $5.00 to $4.50 and set a “buy” rating on the stock in a research report on Monday.

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.