AEGON USA Investment Management LLC Buys 10,563 Shares of iHeartMedia, Inc. $IHRT

AEGON USA Investment Management LLC grew its stake in shares of iHeartMedia, Inc. (NASDAQ:IHRT) by 9.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,010 shares of the company’s stock after acquiring an additional 10,563 shares during the period. AEGON USA Investment Management LLC’s holdings in iHeartMedia were worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IHRT. US Bancorp DE lifted its stake in shares of iHeartMedia by 224.0% during the 1st quarter. US Bancorp DE now owns 16,402 shares of the company’s stock valued at $27,000 after buying an additional 11,339 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of iHeartMedia during the 1st quarter valued at approximately $32,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of iHeartMedia during the 1st quarter valued at approximately $46,000. Kapitalo Investimentos Ltda purchased a new stake in shares of iHeartMedia during the 2nd quarter valued at approximately $52,000. Finally, Cerity Partners LLC purchased a new stake in shares of iHeartMedia during the 1st quarter valued at approximately $55,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

iHeartMedia Price Performance

NASDAQ IHRT opened at $2.85 on Friday. iHeartMedia, Inc. has a 1 year low of $0.95 and a 1 year high of $3.33. The stock has a market capitalization of $427.90 million, a PE ratio of -1.17 and a beta of 1.91. The company’s 50 day simple moving average is $2.33 and its two-hundred day simple moving average is $1.78.

iHeartMedia (NASDAQ:IHRT) last posted its earnings results on Monday, August 11th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.26). The business had revenue of $933.65 million for the quarter, compared to analyst estimates of $912.35 million. On average, research analysts anticipate that iHeartMedia, Inc. will post -0.13 EPS for the current year.

Analyst Upgrades and Downgrades

IHRT has been the topic of a number of recent research reports. Zacks Research upgraded shares of iHeartMedia from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of iHeartMedia in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of iHeartMedia from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.92.

Insider Transactions at iHeartMedia

In other news, CEO Robert W. Pittman bought 117,371 shares of the stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $2.19 per share, for a total transaction of $257,042.49. Following the purchase, the chief executive officer directly owned 4,558,760 shares of the company’s stock, valued at $9,983,684.40. This trade represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is owned by corporate insiders.

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.