AEGON USA Investment Management LLC Has $206,000 Stake in iHeartMedia, Inc. $IHRT

AEGON USA Investment Management LLC boosted its position in iHeartMedia, Inc. (NASDAQ:IHRT) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,010 shares of the company’s stock after buying an additional 10,563 shares during the period. AEGON USA Investment Management LLC owned approximately 0.08% of iHeartMedia worth $206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IHRT. Wealth Enhancement Advisory Services LLC acquired a new position in shares of iHeartMedia during the first quarter valued at about $46,000. Millennium Management LLC raised its holdings in shares of iHeartMedia by 581.2% during the fourth quarter. Millennium Management LLC now owns 232,150 shares of the company’s stock valued at $460,000 after purchasing an additional 198,071 shares during the period. Helix Partners Management LP raised its holdings in shares of iHeartMedia by 123.1% during the first quarter. Helix Partners Management LP now owns 1,026,163 shares of the company’s stock valued at $1,693,000 after purchasing an additional 566,163 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of iHeartMedia by 22.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,258,206 shares of the company’s stock valued at $3,726,000 after purchasing an additional 412,769 shares during the period. Finally, Nuveen LLC acquired a new position in shares of iHeartMedia during the first quarter valued at about $310,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling at iHeartMedia

In related news, CEO Robert W. Pittman bought 117,371 shares of iHeartMedia stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $2.19 per share, with a total value of $257,042.49. Following the transaction, the chief executive officer directly owned 4,558,760 shares of the company’s stock, valued at approximately $9,983,684.40. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

iHeartMedia Stock Performance

Shares of IHRT stock opened at $2.85 on Friday. iHeartMedia, Inc. has a 52-week low of $0.95 and a 52-week high of $3.33. The company has a 50-day simple moving average of $2.33 and a two-hundred day simple moving average of $1.78. The company has a market capitalization of $427.90 million, a price-to-earnings ratio of -1.17 and a beta of 1.91.

iHeartMedia (NASDAQ:IHRT) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that iHeartMedia, Inc. will post -0.13 EPS for the current fiscal year.

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.