Hsbc Holdings PLC boosted its position in iHeartMedia, Inc. (NASDAQ:IHRT – Free Report) 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.
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.
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