Barclays PLC Has $670,000 Stake in iHeartMedia, Inc. (NASDAQ:IHRT)

Barclays PLC increased its stake in shares of iHeartMedia, Inc. (NASDAQ:IHRT) by 513.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 362,060 shares of the company’s stock after acquiring an additional 303,034 shares during the period. Barclays PLC owned about 0.25% of iHeartMedia worth $670,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position 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 buying an additional 4,598 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of iHeartMedia in the third quarter valued at approximately $45,000. Quadrature Capital Ltd acquired a new stake in iHeartMedia during the 3rd quarter worth approximately $56,000. PFG Investments LLC lifted its holdings in shares of 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 buying an additional 11,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in iHeartMedia in the 3rd quarter valued at about $78,000. 93.89% of the stock is owned by institutional investors.

Insider Activity

In other iHeartMedia news, Director James A. Rasulo sold 40,223 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $2.40, for a total transaction of $96,535.20. Following the transaction, the director now directly owns 339,322 shares in the company, valued at approximately $814,372.80. This represents a 10.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.30% of the company’s stock.

iHeartMedia Trading Up 5.3 %

Shares of IHRT opened at $1.98 on Thursday. iHeartMedia, Inc. has a 12 month low of $0.81 and a 12 month high of $3.04. The stock’s 50-day moving average price is $2.17 and its two-hundred day moving average price is $1.75. The company has a market capitalization of $291.20 million, a PE ratio of -0.29 and a beta of 1.71.

Analyst Upgrades and Downgrades

IHRT has been the subject of several analyst reports. Barrington Research raised iHeartMedia to a “hold” rating in a report on Tuesday, November 12th. Guggenheim upped their price objective on iHeartMedia from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Bank of America upgraded iHeartMedia from an “underperform” rating to a “neutral” rating and increased their price target for the company from $1.00 to $3.00 in a research note on Tuesday, November 12th.

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.