iHeartMedia, Inc. (NASDAQ:IHRT) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its stake in shares of iHeartMedia, Inc. (NASDAQ:IHRT - Free Report) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,912,779 shares of the company's stock after selling 679,457 shares during the quarter. Douglas Lane & Associates LLC owned about 4.77% of iHeartMedia worth $12,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aristeia Capital L.L.C. purchased a new position in iHeartMedia during the second quarter valued at approximately $2,461,000. AQR Capital Management LLC lifted its position in iHeartMedia by 132.4% during the 2nd quarter. AQR Capital Management LLC now owns 3,909,729 shares of the company's stock valued at $4,262,000 after purchasing an additional 2,227,676 shares during the period. Acadian Asset Management LLC raised its position in shares of iHeartMedia by 287.5% in the 2nd quarter. Acadian Asset Management LLC now owns 784,374 shares of the company's stock valued at $854,000 after acquiring an additional 581,980 shares during the period. Vanguard Group Inc. raised its position in shares of iHeartMedia by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 6,580,896 shares of the company's stock valued at $13,754,000 after acquiring an additional 203,917 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised 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 acquiring an additional 25,001 shares during the period. 93.89% of the stock is currently owned by institutional investors.

iHeartMedia Stock Up 0.5 %

Shares of NASDAQ:IHRT traded up $0.01 during midday trading on Friday, hitting $1.97. The stock had a trading volume of 446,383 shares, compared to its average volume of 950,588. The business's 50-day simple moving average is $1.63 and its 200-day simple moving average is $1.55. iHeartMedia, Inc. has a 12 month low of $0.81 and a 12 month high of $3.12. The company has a market cap of $289.22 million, a P/E ratio of -0.30, a PEG ratio of 0.44 and a beta of 1.71.

iHeartMedia (NASDAQ:IHRT - Get Free Report) last released 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 firm had revenue of $929.09 million during the quarter, compared to analyst estimates of $918.03 million. As a group, equities analysts predict that iHeartMedia, Inc. will post 0.17 earnings per share 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.