Hsbc Holdings PLC Has $233,000 Holdings in iHeartMedia, Inc. (NASDAQ:IHRT)

Hsbc Holdings PLC lessened its position in iHeartMedia, Inc. (NASDAQ:IHRT) by 26.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,661 shares of the company’s stock after selling 41,551 shares during the quarter. Hsbc Holdings PLC’s holdings in iHeartMedia were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP increased its stake in shares of iHeartMedia by 136.2% in the fourth quarter. Marshall Wace LLP now owns 43,721 shares of the company’s stock worth $87,000 after purchasing an additional 25,209 shares during the period. Walleye Capital LLC acquired a new position in shares of iHeartMedia during the fourth quarter worth approximately $213,000. XTX Topco Ltd lifted its holdings in shares of iHeartMedia by 36.9% during the fourth quarter. XTX Topco Ltd now owns 124,504 shares of the company’s stock worth $247,000 after buying an additional 33,561 shares during the last quarter. Mariner LLC boosted its position in shares of iHeartMedia by 4.5% in the fourth quarter. Mariner LLC now owns 122,374 shares of the company’s stock valued at $242,000 after acquiring an additional 5,269 shares during the period. Finally, Renaissance Technologies LLC increased its position in iHeartMedia by 47.3% during the fourth quarter. Renaissance Technologies LLC now owns 377,600 shares of the company’s stock worth $748,000 after acquiring an additional 121,300 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

iHeartMedia Stock Up 4.1 %

Shares of IHRT opened at $1.26 on Friday. The stock’s 50-day moving average price is $1.34 and its 200 day moving average price is $1.88. iHeartMedia, Inc. has a 12-month low of $0.81 and a 12-month high of $2.84. The firm has a market capitalization of $185.45 million, a price-to-earnings ratio of -0.19 and a beta of 1.72.

Analyst Ratings Changes

Separately, Guggenheim reduced their price target on shares of iHeartMedia from $5.00 to $4.50 and set a “buy” rating for the company in a report on Monday, March 10th.

Insider Activity

In other iHeartMedia news, insider Richard J. Bressler acquired 100,000 shares of iHeartMedia stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $1.79 per share, with a total value of $179,000.00. Following the acquisition, the insider now owns 3,617,764 shares of the company’s stock, valued at approximately $6,475,797.56. The trade was a 2.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Pittman bought 200,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $1.60 per share, for a total transaction of $320,000.00. Following the purchase, the chief executive officer now owns 4,241,389 shares of the company’s stock, valued at $6,786,222.40. This trade represents a 4.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.50% of the stock is currently owned by company 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.