Hsbc Holdings PLC Has $176,000 Stake in iHeartMedia, Inc. (NASDAQ:IHRT)

Hsbc Holdings PLC boosted its position in iHeartMedia, Inc. (NASDAQ:IHRT) by 111.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,842 shares of the company’s stock after buying an additional 82,641 shares during the period. Hsbc Holdings PLC owned approximately 0.11% of iHeartMedia worth $176,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Optas LLC acquired a new stake in iHeartMedia during the second quarter worth approximately $29,000. PFG Investments LLC boosted its stake in iHeartMedia by 53.5% during the second quarter. PFG Investments LLC now owns 33,000 shares of the company’s stock worth $36,000 after acquiring an additional 11,500 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in iHeartMedia by 169.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,790 shares of the company’s stock worth $84,000 after purchasing an additional 25,001 shares during the period. SG Americas Securities LLC acquired a new position in shares of iHeartMedia during the second quarter valued at about $69,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of iHeartMedia in the 1st quarter valued at about $181,000. Institutional investors own 93.89% of the company’s stock.

iHeartMedia Stock Performance

IHRT stock opened at $1.97 on Friday. iHeartMedia, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $3.12. The stock’s 50 day simple moving average is $1.60 and its 200 day simple moving average is $1.55. The company has a market cap of $285.25 million, a P/E ratio of -0.33, a price-to-earnings-growth ratio of 0.33 and a beta of 1.71.

iHeartMedia (NASDAQ:IHRT) last issued its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.08. The firm had revenue of $929.09 million during the quarter, compared to the consensus estimate of $918.03 million. Equities analysts predict that iHeartMedia, Inc. will post 0.17 earnings per share for the current year.

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.