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

Barclays PLC lifted its position in iHeartMedia, Inc. (NASDAQ:IHRT - Free Report) by 513.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 362,060 shares of the company's stock after acquiring an additional 303,034 shares during the quarter. Barclays PLC owned approximately 0.25% of iHeartMedia worth $670,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd boosted its holdings in shares of iHeartMedia by 43.3% during the third quarter. XTX Topco Ltd now owns 90,943 shares of the company's stock worth $168,000 after purchasing an additional 27,486 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of iHeartMedia during the 3rd quarter valued at $56,000. MetLife Investment Management LLC purchased a new position in shares of iHeartMedia during the 3rd quarter valued at $112,000. FMR LLC grew its holdings in shares of iHeartMedia by 25.2% during the 3rd quarter. FMR LLC now owns 22,879 shares of the company's stock valued at $42,000 after acquiring an additional 4,598 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in iHeartMedia in the third quarter worth approximately $78,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America upgraded iHeartMedia from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $1.00 to $3.00 in a research note on Tuesday, November 12th. Barrington Research raised shares of iHeartMedia to a "hold" rating in a research report on Tuesday, November 12th. Finally, Guggenheim upped their price objective on shares of iHeartMedia from $3.00 to $5.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th.

iHeartMedia Trading Up 2.0 %

NASDAQ:IHRT traded up $0.04 during mid-day trading on Thursday, hitting $2.02. 609,799 shares of the company's stock traded hands, compared to its average volume of 960,714. The firm has a market capitalization of $297.09 million, a price-to-earnings ratio of -0.30 and a beta of 1.71. The firm has a 50 day moving average of $2.18 and a two-hundred day moving average of $1.75. iHeartMedia, Inc. has a 12 month low of $0.81 and a 12 month high of $3.04.

Insider Buying and Selling

In related news, Director James A. Rasulo sold 40,223 shares of iHeartMedia stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $2.40, for a total transaction of $96,535.20. Following the sale, the director now directly owns 339,322 shares of the company's stock, valued at $814,372.80. This trade represents a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

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.