AQR Capital Management LLC Has $4.26 Million Stock Holdings in iHeartMedia, Inc. (NASDAQ:IHRT)

AQR Capital Management LLC boosted its holdings in shares of iHeartMedia, Inc. (NASDAQ:IHRT - Free Report) by 132.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,909,729 shares of the company's stock after acquiring an additional 2,227,676 shares during the period. AQR Capital Management LLC owned 2.70% of iHeartMedia worth $4,262,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in IHRT. Optas LLC bought a new stake in shares of iHeartMedia in the 2nd quarter valued at about $29,000. PFG Investments LLC boosted its position 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 purchasing an additional 11,500 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of iHeartMedia in the 2nd quarter valued at $69,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of iHeartMedia by 169.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,790 shares of the company's stock valued at $84,000 after buying an additional 25,001 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in iHeartMedia by 111.4% during the 2nd quarter. Hsbc Holdings PLC now owns 156,842 shares of the company's stock worth $176,000 after buying an additional 82,641 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.

iHeartMedia Stock Performance

NASDAQ:IHRT traded down $0.10 on Friday, reaching $1.97. The company's stock had a trading volume of 763,960 shares, compared to its average volume of 963,910. iHeartMedia, Inc. has a 1-year low of $0.81 and a 1-year high of $3.12. The business's 50-day moving average price is $1.60 and its two-hundred day moving average price is $1.55. The firm has a market cap of $285.25 million, a PE ratio of -0.33, a PEG ratio of 0.33 and a beta of 1.71.

iHeartMedia (NASDAQ:IHRT - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.08. The business had revenue of $929.09 million during the quarter, compared to analyst estimates of $918.03 million. As a group, sell-side analysts expect that iHeartMedia, Inc. will post 0.17 EPS for the current year.

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.