Shares of MediaCo Holding Inc. (NASDAQ:MDIA – Get Free Report) were up 4.4% during mid-day trading on Wednesday . The company traded as high as $0.98 and last traded at $0.95. Approximately 148,944 shares changed hands during trading, an increase of 158% from the average daily volume of 57,741 shares. The stock had previously closed at $0.9101.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of MediaCo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on MediaCo
MediaCo Trading Down 0.9%
MediaCo (NASDAQ:MDIA – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $31.39 million for the quarter.
Hedge Funds Weigh In On MediaCo
A hedge fund recently bought a new stake in MediaCo stock. JPMorgan Chase & Co. purchased a new stake in MediaCo Holding Inc. (NASDAQ:MDIA – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned 2.37% of MediaCo as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 64.01% of the company’s stock.
About MediaCo
MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.
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