XTX Topco Ltd Has $247,000 Stock Position in iHeartMedia, Inc. (NASDAQ:IHRT)

XTX Topco Ltd grew its holdings in iHeartMedia, Inc. (NASDAQ:IHRT) by 36.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 124,504 shares of the company’s stock after acquiring an additional 33,561 shares during the quarter. XTX Topco Ltd’s holdings in iHeartMedia were worth $247,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC lifted its position in iHeartMedia by 513.4% during the 3rd quarter. Barclays PLC now owns 362,060 shares of the company’s stock worth $670,000 after buying an additional 303,034 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iHeartMedia by 21.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,499,409 shares of the company’s stock valued at $4,949,000 after purchasing an additional 436,656 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of iHeartMedia during the 4th quarter worth approximately $578,000. Helix Partners Management LP bought a new stake in shares of iHeartMedia during the 4th quarter worth approximately $911,000. Finally, Geode Capital Management LLC raised its stake in shares of iHeartMedia by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,515,516 shares of the company’s stock worth $4,655,000 after purchasing an additional 137,896 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

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

iHeartMedia Price Performance

NASDAQ:IHRT opened at $1.02 on Friday. 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 $150.12 million, a price-to-earnings ratio of -0.15 and a beta of 1.48. The stock’s 50 day moving average price is $1.52 and its two-hundred day moving average price is $1.94.

Insider Activity at iHeartMedia

In related news, CEO Robert W. Pittman acquired 200,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $1.60 per share, with a total value of $320,000.00. Following the completion of the transaction, the chief executive officer now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard J. Bressler bought 100,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $1.79 per share, with a total value of $179,000.00. Following the purchase, the insider now owns 3,617,764 shares in the company, valued at $6,475,797.56. The trade was a 2.84 % increase in their position. The disclosure for this purchase can be found here. 6.30% of the stock is owned by company insiders.

About iHeartMedia

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.